Arlo Technologies (NYSE:ARLO) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Arlo Technologies (NYSE:ARLO) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Arlo Technologies in a research note on Monday, December 29th. Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, BWS Financial restated a “buy” rating and issued a $26.00 target price on shares of Arlo Technologies in a research note on Tuesday, November 11th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Arlo Technologies Stock Performance

NYSE ARLO opened at $13.90 on Tuesday. The business has a 50 day simple moving average of $14.59 and a 200 day simple moving average of $16.28. Arlo Technologies has a 52-week low of $7.84 and a 52-week high of $19.94. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 463.32 and a beta of 1.64.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Arlo Technologies had a net margin of 0.84% and a return on equity of 2.00%. The company had revenue of $139.53 million during the quarter, compared to analysts’ expectations of $138.69 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. On average, analysts predict that Arlo Technologies will post -0.29 EPS for the current year.

Insider Activity

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 257,242 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $14.28, for a total value of $3,673,415.76. Following the completion of the sale, the chief executive officer owned 941,586 shares in the company, valued at $13,445,848.08. This trade represents a 21.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Brian Busse sold 149,521 shares of Arlo Technologies stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $14.37, for a total transaction of $2,148,616.77. Following the completion of the transaction, the general counsel directly owned 519,855 shares of the company’s stock, valued at approximately $7,470,316.35. This trade represents a 22.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 477,076 shares of company stock valued at $7,075,756. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Arlo Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ARLO. Amalgamated Bank lifted its position in shares of Arlo Technologies by 2.4% in the second quarter. Amalgamated Bank now owns 29,265 shares of the company’s stock valued at $496,000 after buying an additional 692 shares during the last quarter. Arizona State Retirement System lifted its holdings in Arlo Technologies by 2.3% during the 3rd quarter. Arizona State Retirement System now owns 30,597 shares of the company’s stock valued at $519,000 after purchasing an additional 702 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Arlo Technologies by 86.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after purchasing an additional 747 shares during the period. Quarry LP boosted its position in Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Arlo Technologies by 5.4% in the second quarter. Bank of Montreal Can now owns 15,694 shares of the company’s stock valued at $266,000 after purchasing an additional 810 shares during the last quarter. 83.18% of the stock is owned by institutional investors.

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.