Brokerages Set Arlo Technologies, Inc. (NYSE:ARLO) PT at $21.40

Shares of Arlo Technologies, Inc. (NYSE:ARLO) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $21.40.

ARLO has been the topic of a number of recent analyst reports. William Blair started coverage on shares of Arlo Technologies in a report on Tuesday. They issued an “outperform” rating on the stock. Weiss Ratings raised shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Oppenheimer began coverage on shares of Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target for the company. UBS Group set a $20.00 price target on shares of Arlo Technologies in a research report on Monday, May 18th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $19.00 price objective on shares of Arlo Technologies in a research report on Friday, May 8th.

Arlo Technologies Price Performance

NYSE:ARLO opened at $13.12 on Friday. Arlo Technologies has a 1 year low of $11.05 and a 1 year high of $19.94. The stock’s fifty day moving average price is $13.19 and its two-hundred day moving average price is $13.45. The company has a market cap of $1.43 billion, a P/E ratio of 48.61 and a beta of 1.55.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The company had revenue of $150.38 million for the quarter, compared to analyst estimates of $139.72 million. During the same period in the previous year, the company posted $0.15 EPS. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. On average, analysts expect that Arlo Technologies will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Kurtis Joseph Binder sold 16,507 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $12.83, for a total value of $211,784.81. Following the transaction, the chief financial officer directly owned 483,378 shares in the company, valued at approximately $6,201,739.74. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 106,507 shares of company stock worth $1,612,035. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Arlo Technologies

Institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its holdings in shares of Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after acquiring an additional 1,748 shares during the last quarter. Quarry LP raised its position in Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after purchasing an additional 783 shares in the last quarter. Strs Ohio bought a new stake in Arlo Technologies during the first quarter worth about $66,000. Quadrant Capital Group LLC purchased a new position in shares of Arlo Technologies in the 3rd quarter worth about $86,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Arlo Technologies by 1,682.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock valued at $95,000 after purchasing an additional 5,301 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

About Arlo Technologies

Arlo Technologies, Inc (NYSE: ARLO) is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.