BWS Financial Reiterates “Buy” Rating for Arlo Technologies (NYSE:ARLO)

Arlo Technologies (NYSE:ARLO)‘s stock had its “buy” rating restated by stock analysts at BWS Financial in a report released on Tuesday,Benzinga reports. They currently have a $26.00 price target on the stock. BWS Financial’s target price points to a potential upside of 70.45% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Raymond James Financial reiterated an “outperform” rating and set a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Craig Hallum raised their target price on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Weiss Ratings upgraded Arlo Technologies from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday. Finally, Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Arlo Technologies has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Arlo Technologies Trading Down 3.3%

Shares of NYSE:ARLO traded down $0.52 on Tuesday, reaching $15.25. 793,330 shares of the company’s stock were exchanged, compared to its average volume of 1,129,766. Arlo Technologies has a twelve month low of $7.84 and a twelve month high of $19.94. The company has a fifty day moving average of $17.73 and a 200-day moving average of $16.24. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 510.67 and a beta of 1.69.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) 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 business 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 company posted $0.11 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Arlo Technologies will post -0.29 EPS for the current fiscal year.

Insider Transactions at Arlo Technologies

In related news, CEO Matthew Blake Mcrae sold 18,645 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $17.86, for a total transaction of $332,999.70. Following the transaction, the chief executive officer directly owned 1,762,121 shares of the company’s stock, valued at $31,471,481.06. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurtis Joseph Binder sold 51,668 shares of Arlo Technologies stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $17.82, for a total transaction of $920,723.76. Following the transaction, the chief financial officer directly owned 416,013 shares in the company, valued at approximately $7,413,351.66. This represents a 11.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 391,848 shares of company stock worth $6,707,126 in the last quarter. 3.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arlo Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank grew its stake in shares of Arlo Technologies by 2.4% in the second quarter. Amalgamated Bank now owns 29,265 shares of the company’s stock worth $496,000 after purchasing an additional 692 shares during the last quarter. Arizona State Retirement System lifted its holdings in Arlo Technologies by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 30,597 shares of the company’s stock worth $519,000 after buying an additional 702 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Arlo Technologies by 86.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after buying an additional 747 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Arlo Technologies by 5.4% during the second quarter. Bank of Montreal Can now owns 15,694 shares of the company’s stock valued at $266,000 after buying an additional 810 shares during the period. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Arlo Technologies by 9.0% during the second quarter. Ameritas Investment Partners Inc. now owns 10,155 shares of the company’s stock valued at $172,000 after acquiring an additional 838 shares in the last quarter. 83.18% of the stock is owned by institutional investors.

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.