Arlo Technologies (NYSE:ARLO) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Arlo Technologies (NYSE:ARLO) from a strong-buy rating to a buy rating in a report issued on Friday morning.

Several other research firms have also recently weighed in on ARLO. Zacks Research raised shares of Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. Raymond James Financial reissued an “outperform” rating and issued a $22.00 price target (up previously from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. BWS Financial reissued a “buy” rating and issued a $26.00 price target (up previously from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Arlo Technologies in a research note on Saturday, September 27th. Finally, Craig Hallum increased their price objective on shares of Arlo Technologies from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.00.

Arlo Technologies Stock Performance

NYSE:ARLO opened at $17.28 on Friday. Arlo Technologies has a one year low of $7.84 and a one year high of $19.25. The stock has a market cap of $1.80 billion, a PE ratio of -246.75 and a beta of 1.72. The stock has a 50 day moving average price of $17.20 and a 200 day moving average price of $14.61.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The business had revenue of $129.41 million during the quarter, compared to analysts’ expectations of $123.33 million. During the same quarter in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. As a group, analysts predict that Arlo Technologies will post -0.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Kurtis Joseph Binder sold 135,494 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $16.89, for a total value of $2,288,493.66. Following the sale, the chief financial officer directly owned 467,681 shares in the company, valued at approximately $7,899,132.09. This trade represents a 22.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Brian Busse sold 9,171 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $16.99, for a total transaction of $155,815.29. Following the completion of the sale, the general counsel owned 669,376 shares in the company, valued at $11,372,698.24. The trade was a 1.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,313,009 shares of company stock worth $22,809,236. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arlo Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank raised its stake in Arlo Technologies by 2.4% during the 2nd quarter. Amalgamated Bank now owns 29,265 shares of the company’s stock worth $496,000 after acquiring an additional 692 shares in the last quarter. Bank of Montreal Can raised its stake in Arlo Technologies by 5.4% during the 2nd quarter. Bank of Montreal Can now owns 15,694 shares of the company’s stock worth $266,000 after acquiring an additional 810 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Arlo Technologies by 9.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,155 shares of the company’s stock worth $172,000 after acquiring an additional 838 shares in the last quarter. Rhumbline Advisers raised its stake in Arlo Technologies by 0.3% during the 1st quarter. Rhumbline Advisers now owns 270,199 shares of the company’s stock worth $2,667,000 after acquiring an additional 861 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in Arlo Technologies by 2.5% during the 2nd quarter. Yousif Capital Management LLC now owns 38,479 shares of the company’s stock worth $653,000 after acquiring an additional 954 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

About Arlo Technologies

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.