Arlo Technologies, Inc. (NYSE:ARLO) Receives $23.00 Consensus Target Price from Analysts

Arlo Technologies, Inc. (NYSE:ARLO) has earned a consensus rating of “Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $23.00.

Several research analysts have commented on ARLO shares. Craig Hallum lifted their target price on Arlo Technologies from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of Arlo Technologies in a research report on Wednesday, November 19th. BWS Financial reiterated a “buy” rating and issued a $26.00 target price on shares of Arlo Technologies in a report on Tuesday, November 11th. Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, Raymond James Financial restated an “outperform” rating and issued a $22.00 price target (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th.

Arlo Technologies Price Performance

NYSE:ARLO opened at $13.57 on Friday. The firm’s 50 day simple moving average is $16.98 and its 200 day simple moving average is $16.51. Arlo Technologies has a one year low of $7.84 and a one year high of $19.94. The company has a market cap of $1.44 billion, a PE ratio of 452.58 and a beta of 1.69.

Arlo Technologies (NYSE:ARLO) last announced 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. The firm had revenue of $139.53 million during the quarter, compared to analysts’ expectations of $138.69 million. Arlo Technologies had a net margin of 0.84% and a return on equity of 2.00%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. Equities research analysts expect that Arlo Technologies will post -0.29 EPS for the current year.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 18,645 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $17.86, for a total transaction of $332,999.70. Following the completion of the sale, the chief executive officer directly owned 1,762,121 shares in the company, valued at approximately $31,471,481.06. This trade represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kurtis Joseph Binder sold 51,668 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $17.82, for a total value of $920,723.76. Following the completion of the transaction, the chief financial officer directly owned 416,013 shares in the company, valued at $7,413,351.66. This represents a 11.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 541,369 shares of company stock valued at $8,855,742. 3.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arlo Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake 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 valued at $28,000 after acquiring an additional 747 shares in the last quarter. Quarry LP grew its holdings in Arlo Technologies by 42.0% in the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares during the period. First Horizon Advisors Inc. increased its stake in Arlo Technologies by 161.4% in the second quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company’s stock valued at $55,000 after purchasing an additional 1,988 shares in the last quarter. Strs Ohio acquired a new position in shares of Arlo Technologies during the first quarter valued at about $66,000. Finally, Quadrant Capital Group LLC bought a new position in shares of Arlo Technologies during the 3rd quarter worth about $86,000. 83.18% of the stock is currently 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.