Arlo Technologies (NYSE:ARLO) Cut to Hold at Zacks Research

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

Several other equities research analysts have also recently weighed in on ARLO. Weiss Ratings reissued a “hold (c-)” rating on shares of Arlo Technologies in a research note on Monday, December 29th. BWS Financial reiterated a “buy” rating and set a $26.00 price objective on shares of Arlo Technologies in a research report on Tuesday, November 11th. Finally, Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Three equities 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 has an average rating of “Moderate Buy” and an average price target of $23.00.

Arlo Technologies Price Performance

ARLO opened at $13.86 on Tuesday. Arlo Technologies has a fifty-two week low of $7.84 and a fifty-two week high of $19.94. The company’s 50 day moving average price is $14.49 and its two-hundred day moving average price is $16.26. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 462.15 and a beta of 1.64.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $138.69 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. Arlo Technologies’s 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. As a group, equities research analysts predict that Arlo Technologies will post -0.29 EPS for the current year.

Insider Activity at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 257,242 shares of Arlo Technologies stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $14.28, for a total transaction of $3,673,415.76. Following the completion of the transaction, the chief executive officer owned 941,586 shares in the company, valued at approximately $13,445,848.08. The trade was a 21.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Brian Busse sold 149,521 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $14.37, for a total value of $2,148,616.77. Following the sale, the general counsel owned 519,855 shares of the company’s stock, valued at $7,470,316.35. This trade represents a 22.34% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 477,076 shares of company stock valued at $7,075,756. 5.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank grew its position in shares of Arlo Technologies by 2.4% during the 2nd quarter. Amalgamated Bank now owns 29,265 shares of the company’s stock valued at $496,000 after acquiring an additional 692 shares during the period. Arizona State Retirement System raised 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 acquiring an additional 702 shares during the period. Smartleaf Asset Management LLC raised its holdings in Arlo Technologies by 86.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock valued at $28,000 after acquiring an additional 747 shares during the period. Quarry LP lifted its position in shares of 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 acquiring an additional 783 shares in the last quarter. Finally, Bank of Montreal Can boosted 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 worth $266,000 after acquiring an additional 810 shares during the period. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Arlo Technologies Company Profile

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.