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

Shares of Arlo Technologies, Inc. (NYSE:ARLO) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $23.00.

A number of equities research analysts have weighed in on the company. BWS Financial reaffirmed a “buy” rating and issued a $26.00 target price on shares of Arlo Technologies in a report on Tuesday, November 11th. Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Arlo Technologies in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th.

Arlo Technologies Stock Up 2.3%

Shares of NYSE:ARLO opened at $13.85 on Friday. The firm has a market cap of $1.47 billion, a PE ratio of 461.69 and a beta of 1.64. Arlo Technologies has a 12-month low of $7.84 and a 12-month high of $19.94. The company’s 50 day moving average price is $14.18 and its two-hundred day moving average price is $16.19.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings data 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 return on equity of 2.00% and a net margin of 0.84%.The firm had revenue of $139.53 million during the quarter, compared to analysts’ expectations of $138.69 million. During the same period in the previous year, the firm earned $0.11 EPS. The company’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, research analysts expect that Arlo Technologies will post -0.29 EPS for the current year.

Insider Buying and Selling

In related news, CEO Matthew Blake Mcrae sold 257,242 shares of Arlo Technologies 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 of the company’s stock, valued at approximately $13,445,848.08. This trade represents a 21.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kurtis Joseph Binder sold 55,043 shares of Arlo Technologies stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $13.69, for a total transaction of $753,538.67. Following the transaction, the chief financial officer owned 460,970 shares of the company’s stock, valued at $6,310,679.30. This represents a 10.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 589,381 shares of company stock worth $8,399,823 in the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Arlo Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in Arlo Technologies by 86.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock valued at $28,000 after purchasing an additional 747 shares during the period. Quarry LP lifted its holdings in Arlo Technologies by 42.0% during the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Arlo Technologies by 161.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company’s stock worth $55,000 after purchasing an additional 1,988 shares in the last quarter. Strs Ohio bought a new position in Arlo Technologies in the 1st quarter worth about $66,000. Finally, Quadrant Capital Group LLC bought a new position in shares of Arlo Technologies in the third quarter worth approximately $86,000. 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.