Arlo Technologies (NYSE:ARLO) Cut to Buy at Wall Street Zen

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

ARLO has been the topic of a number of other reports. Weiss Ratings cut shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. Piper Sandler lifted their price target on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday. William Blair initiated coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Finally, Oppenheimer started coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.60.

Arlo Technologies Stock Performance

Shares of NYSE:ARLO opened at $14.75 on Friday. The business’s 50-day simple moving average is $13.40 and its 200 day simple moving average is $13.47. The company has a market cap of $1.60 billion, a P/E ratio of 54.63 and a beta of 1.56. Arlo Technologies has a one year low of $11.05 and a one year high of $19.94.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The firm had revenue of $155.94 million during the quarter, compared to analysts’ expectations of $148.94 million. During the same quarter in the prior year, the business earned $0.17 EPS. Arlo Technologies’s quarterly revenue was up 20.5% compared to the same quarter last year. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. Analysts predict that Arlo Technologies will post 0.2 earnings per share for the current year.

Insider Activity at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total transaction of $423,649.44. Following the completion of the transaction, the chief financial officer directly owned 442,110 shares in the company, valued at approximately $6,861,547.20. This represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 57,775 shares of company stock worth $845,139. Corporate insiders own 2.90% of the company’s stock.

Institutional Trading of Arlo Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its holdings in Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after acquiring an additional 1,748 shares in the last quarter. Quarry LP increased its position in shares of Arlo Technologies by 42.0% in the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares during the last quarter. Strs Ohio acquired a new stake in shares of Arlo Technologies in the 1st quarter valued at about $66,000. Quadrant Capital Group LLC acquired a new stake in shares of Arlo Technologies in the 3rd quarter valued at about $86,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Arlo Technologies by 1,682.9% during the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock worth $95,000 after purchasing an additional 5,301 shares during the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

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.