Arlo Technologies, Inc. (NYSE:ARLO) Receives $23.33 Average PT from Analysts

Shares of Arlo Technologies, Inc. (NYSE:ARLO) have received an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $23.3333.

ARLO has been the topic of a number of research reports. Weiss Ratings upgraded Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 6th. 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 0.3%

ARLO opened at $13.50 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 103.84 and a beta of 1.65. The stock has a fifty day moving average of $13.24 and a 200-day moving average of $14.85. Arlo Technologies has a 12-month low of $7.84 and a 12-month high of $19.94.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The firm had revenue of $141.30 million for the quarter, compared to analyst estimates of $135.57 million. Arlo Technologies had a return on equity of 10.76% and a net margin of 2.82%.Arlo Technologies’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. On average, analysts expect that Arlo Technologies will post -0.29 earnings per share for the current fiscal year.

Arlo Technologies announced that its board has initiated a share repurchase program on Wednesday, March 4th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, General Counsel Brian Busse sold 31,407 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $12.29, for a total transaction of $385,992.03. Following the transaction, the general counsel directly owned 552,850 shares in the company, valued at $6,794,526.50. The trade was a 5.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew Blake Mcrae sold 153,433 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $2,114,306.74. Following the completion of the transaction, the chief executive officer directly owned 1,168,866 shares in the company, valued at $16,106,973.48. This trade represents a 11.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 842,522 shares of company stock worth $11,321,821 in the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Arlo Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ARLO. AQR Capital Management LLC grew its stake in shares of Arlo Technologies by 28.8% in the 1st quarter. AQR Capital Management LLC now owns 406,688 shares of the company’s stock valued at $4,014,000 after buying an additional 90,970 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Arlo Technologies by 15.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock valued at $1,698,000 after acquiring an additional 23,068 shares during the last quarter. Millennium Management LLC lifted its stake in Arlo Technologies by 116.1% in the first quarter. Millennium Management LLC now owns 455,692 shares of the company’s stock valued at $4,498,000 after acquiring an additional 244,783 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Arlo Technologies by 115.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock worth $15,325,000 after acquiring an additional 830,770 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Arlo Technologies by 279.8% during the 1st quarter. Jane Street Group LLC now owns 292,302 shares of the company’s stock worth $2,885,000 after purchasing an additional 215,343 shares during the last quarter. 83.18% of the stock is owned by hedge funds and other institutional investors.

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.