Arlo Technologies, Inc. (NYSE:ARLO) Stock Has Consensus Target Price of $20.60

Shares of Arlo Technologies, Inc. (NYSE:ARLO) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $20.60.

A number of brokerages have recently commented on ARLO. Weiss Ratings lowered Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Piper Sandler raised their price objective on shares of Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Arlo Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Finally, William Blair assumed coverage on shares of Arlo Technologies in a research report on Tuesday, July 7th. They issued an “outperform” rating for the company.

Arlo Technologies Stock Performance

Shares of NYSE:ARLO opened at $13.06 on Friday. Arlo Technologies has a 52-week low of $11.05 and a 52-week high of $19.94. The company has a market capitalization of $1.42 billion, a PE ratio of 48.39 and a beta of 1.54. The company has a fifty day moving average of $13.72 and a 200-day moving average of $13.63.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.08. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The company had revenue of $155.94 million for the quarter, compared to the consensus estimate of $148.94 million. During the same quarter last year, the business posted $0.17 EPS. Arlo Technologies’s revenue for the quarter was up 20.5% on a year-over-year basis. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. On average, equities analysts forecast that Arlo Technologies will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Arlo Technologies

In related news, CFO Kurtis Binder sold 27,297 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the sale, the chief financial officer directly owned 442,110 shares in the company, valued at $6,861,547.20. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,775 shares of company stock valued at $845,139 over the last quarter. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ARLO. Hantz Financial Services Inc. boosted its stake in shares of Arlo Technologies by 763.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after purchasing an additional 1,748 shares during the last quarter. Continuum Advisory LLC bought a new position in Arlo Technologies during the second quarter worth $28,000. Integrated Wealth Concepts LLC bought a new position in Arlo Technologies during the second quarter worth $29,000. Quantbot Technologies LP acquired a new position in Arlo Technologies in the second quarter valued at $88,000. Finally, Readystate Asset Management LP acquired a new position in Arlo Technologies in the first quarter valued at $142,000. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Company Profile

Arlo Technologies, Inc develops and sells connected home security products and services. Its portfolio includes wire-free security cameras, video doorbells, floodlight cameras, indoor cameras, and related accessories designed to help consumers monitor and protect their homes and properties.

The company also provides cloud-based services that support video recording, storage, notifications, artificial intelligence-enabled detection, and other security features. Arlo offers subscription plans that provide additional capabilities, including more extensive video history and advanced monitoring features, alongside its hardware products.

Arlo was established as a standalone company following its separation from Netgear in 2018 and is headquartered in Carlsbad, California.