Arlo Technologies (NYSE:ARLO) Stock Rating Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of Arlo Technologies (NYSE:ARLO) from a strong-buy rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently weighed in on the stock. William Blair began coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Weiss Ratings cut shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Finally, Piper Sandler decreased their price objective on shares of Arlo Technologies from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Tuesday, October 20th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.20.

Arlo Technologies Price Performance

Shares of ARLO opened at $14.42 on Friday. The company’s fifty day moving average price is $12.96 and its 200-day moving average price is $13.38. Arlo Technologies has a 1-year low of $11.05 and a 1-year high of $19.37. The firm has a market capitalization of $1.57 billion, a PE ratio of 53.41 and a beta of 1.60.

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

Insider Buying and Selling at Arlo Technologies

In other news, CFO Kurtis Binder sold 83,211 shares of the business’s stock in a transaction dated 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 owned 358,899 shares of the company’s stock, valued at $4,464,703.56. The trade was a 18.82% decrease in their position. The sale was disclosed in a 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. In the last ninety days, insiders sold 137,837 shares of company stock worth $1,836,543. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Arlo Technologies

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

Arlo Technologies Company Profile

Arlo Technologies, Inc is a smart home security company that develops connected devices and cloud-based services designed to help consumers monitor and protect their homes, businesses and other properties. Its product portfolio includes wire-free and wired security cameras, video doorbells, floodlight cameras, home security systems and related accessories.

Arlo’s products typically connect through mobile applications and cloud services, providing features such as live video, motion detection, two-way audio, night vision and notifications.