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 report report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also commented on the stock. Weiss Ratings lowered shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. William Blair began coverage on Arlo Technologies in a report on Tuesday, July 7th. They issued an “outperform” rating for the company. Finally, Piper Sandler dropped their price objective on Arlo Technologies from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 20th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.20.

Arlo Technologies Trading Down 2.3%

Shares of ARLO opened at $14.13 on Friday. The firm has a market capitalization of $1.53 billion, a P/E ratio of 64.95 and a beta of 1.60. Arlo Technologies has a 12-month low of $11.05 and a 12-month high of $19.35. The firm has a fifty day moving average price of $12.98 and a 200-day moving average price of $13.39.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $155.94 million for the quarter, compared to analysts’ expectations of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. 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 0.12 earnings per share for the current year.

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Binder sold 13,358 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $12.58, for a total transaction of $168,043.64. Following the transaction, the chief financial officer directly owned 345,541 shares in the company, valued at $4,346,905.78. This represents a 3.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 2.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ARLO. Lazard Asset Management LLC lifted its position in shares of Arlo Technologies by 154.7% in the 1st quarter. Lazard Asset Management LLC now owns 114,335 shares of the company’s stock worth $1,627,000 after purchasing an additional 69,440 shares during the period. Rice Hall James & Associates LLC increased its holdings in Arlo Technologies by 2.3% during the first quarter. Rice Hall James & Associates LLC now owns 3,659,888 shares of the company’s stock valued at $52,080,000 after buying an additional 83,276 shares during the period. Janus Henderson Group PLC increased its holdings in Arlo Technologies by 74.0% during the first quarter. Janus Henderson Group PLC now owns 1,615,569 shares of the company’s stock valued at $22,990,000 after buying an additional 687,129 shares during the period. Granahan Investment Management LLC increased its holdings in Arlo Technologies by 245.6% during the first quarter. Granahan Investment Management LLC now owns 1,169,490 shares of the company’s stock valued at $16,642,000 after buying an additional 831,108 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in Arlo Technologies in the second quarter worth approximately $625,000. Hedge funds and other institutional investors own 83.18% of the company’s stock.

About Arlo Technologies

Arlo Technologies, Inc is a smart home security company that develops connected devices and cloud-based services designed to help consumers monitor and protect their homes, businesses and other properties. Its product portfolio includes wire-free and wired security cameras, video doorbells, floodlight cameras, home security systems and related accessories.

Arlo’s products typically connect through mobile applications and cloud services, providing features such as live video, motion detection, two-way audio, night vision and notifications.