Arlo Technologies (NYSE:ARLO) Raised to “Strong-Buy” at Wall Street Zen

Arlo Technologies (NYSE:ARLO) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. William Blair assumed coverage on shares of Arlo Technologies in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Finally, Piper Sandler raised their target price on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.60.

Arlo Technologies Trading Up 0.0%

Shares of ARLO opened at $12.41 on Friday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 45.95 and a beta of 1.60. Arlo Technologies has a 12-month low of $11.05 and a 12-month high of $19.94. The firm has a fifty day moving average price of $13.48 and a 200-day moving average price of $13.50.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $155.94 million for the quarter, compared to analysts’ expectations of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. 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. Analysts predict that Arlo Technologies will post 0.12 earnings per share for the current year.

Insider Buying and Selling at Arlo Technologies

In other news, CFO Kurtis Binder sold 13,358 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $12.58, for a total transaction of $168,043.64. Following the transaction, the chief financial officer owned 345,541 shares of the company’s stock, valued at approximately $4,346,905.78. This represents a 3.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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. In the last three months, insiders sold 137,837 shares of company stock valued at $1,836,543. 2.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arlo Technologies

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Arlo Technologies by 15.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,647 shares of the company’s stock valued at $82,000 after acquiring an additional 904 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Arlo Technologies by 11.3% in the 2nd quarter. Tidal Investments LLC now owns 128,332 shares of the company’s stock valued at $1,730,000 after acquiring an additional 13,033 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Arlo Technologies in the 2nd quarter valued at $29,000. Baird Financial Group Inc. raised its position in shares of Arlo Technologies by 17.5% in the 2nd quarter. Baird Financial Group Inc. now owns 15,715 shares of the company’s stock worth $212,000 after acquiring an additional 2,341 shares in the last quarter. Finally, Amundi raised its position in shares of Arlo Technologies by 17.4% in the 2nd quarter. Amundi now owns 71,228 shares of the company’s stock worth $960,000 after acquiring an additional 10,577 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

About Arlo Technologies

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.