Brokerages Set Arlo Technologies, Inc. (NYSE:ARLO) Price Target at $23.00

Arlo Technologies, Inc. (NYSE:ARLO) has been given an average rating of “Buy” by the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $23.00.

ARLO has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arlo Technologies in a report on Monday. Zacks Research upgraded Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Wall Street Zen raised 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 set a $26.00 price objective on shares of Arlo Technologies in a research note on Tuesday, November 11th.

Arlo Technologies Stock Performance

Arlo Technologies stock opened at $14.07 on Wednesday. The firm has a market capitalization of $1.49 billion, a PE ratio of 469.16 and a beta of 1.73. Arlo Technologies has a one year low of $7.84 and a one year high of $19.94. The stock’s 50 day moving average price is $15.73 and its 200 day moving average price is $16.54.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) 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 the consensus estimate of $138.69 million. During the same quarter last year, the company earned $0.11 earnings per share. Arlo Technologies’s revenue for the quarter was up 1.3% on a year-over-year basis. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. On average, analysts forecast that Arlo Technologies will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kurtis Joseph Binder sold 51,668 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $17.82, for a total value of $920,723.76. Following the completion of the sale, the chief financial officer owned 416,013 shares of the company’s stock, valued at approximately $7,413,351.66. The trade was a 11.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Brian Busse sold 149,521 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $14.37, for a total transaction of $2,148,616.77. Following the transaction, the general counsel directly owned 519,855 shares in the company, valued at $7,470,316.35. The trade was a 22.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 798,611 shares of company stock worth $12,529,158. Insiders own 5.20% of the company’s stock.

Institutional Trading of Arlo Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Arlo Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 9,953,767 shares of the company’s stock worth $98,244,000 after buying an additional 132,350 shares during the last quarter. Invesco Ltd. raised its position in shares of Arlo Technologies by 1.7% during the 1st quarter. Invesco Ltd. now owns 357,450 shares of the company’s stock valued at $3,528,000 after acquiring an additional 5,895 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Arlo Technologies during the 1st quarter valued at approximately $6,298,000. Public Sector Pension Investment Board lifted its stake in Arlo Technologies by 27.1% during the first quarter. Public Sector Pension Investment Board now owns 318,184 shares of the company’s stock worth $3,140,000 after purchasing an additional 67,914 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Arlo Technologies in the first quarter worth $396,000. 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.