Arlo Technologies, Inc. (NYSE:ARLO) Stock Has Average Price Target of $20.60 According to Brokerages

Shares of Arlo Technologies, Inc. (NYSE:ARLO) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $20.60.

A number of brokerages have recently weighed in on ARLO. Piper Sandler raised their price objective on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Weiss Ratings lowered Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Finally, William Blair assumed coverage on Arlo Technologies in a research note on Tuesday, July 7th. They issued an “outperform” rating on the stock.

Insiders Place Their Bets

In other news, CFO Kurtis Binder sold 83,211 shares of the business’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $12.44, for a total value of $1,035,144.84. Following the completion of the transaction, the chief financial officer directly owned 358,899 shares of the company’s stock, valued at $4,464,703.56. The trade was a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 137,837 shares of company stock worth $1,836,543 over the last ninety days. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Arlo Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ARLO. BlackRock Inc. purchased a new stake in shares of Arlo Technologies in the second quarter valued at $235,992,000. Wasatch Advisors LP lifted its position in Arlo Technologies by 9.0% during the second quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company’s stock worth $79,747,000 after buying an additional 489,668 shares during the period. Rice Hall James & Associates LLC purchased a new position in Arlo Technologies during the second quarter worth about $50,320,000. Jupiter Topco LLC acquired a new stake in Arlo Technologies in the 2nd quarter worth about $34,557,000. Finally, Primecap Management Co. CA purchased a new stake in Arlo Technologies in the 2nd quarter valued at about $26,183,000. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Arlo Technologies Trading Up 0.6%

Shares of NYSE ARLO opened at $12.23 on Tuesday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 57.90 and a beta of 1.60. Arlo Technologies has a 52 week low of $11.05 and a 52 week high of $19.94. The company’s 50-day moving average price is $13.09 and its 200 day moving average price is $13.42.

Arlo Technologies (NYSE:ARLO) last posted its earnings results 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. The firm had revenue of $155.94 million during the quarter, compared to the consensus estimate of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period last year, the firm posted $0.17 EPS. 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. As a group, research analysts expect that Arlo Technologies will post 0.12 earnings per share for the current year.

Arlo Technologies Company Profile

Arlo Technologies, Inc develops connected smart home security products and services. Its portfolio includes wire-free and wired security cameras, video doorbells, floodlight cameras, baby monitors and related accessories designed for residential and small-business use.

The company combines its hardware with cloud-based software and subscription services, including Arlo Secure. These services provide features such as video storage, activity notifications, person, vehicle and package detection, emergency response options and other monitoring and security capabilities, depending on the product and service plan.

Arlo was established as a standalone company following its separation from Netgear and became an independent publicly traded company in 2018.