Arlo Technologies (NYSE:ARLO) Given “Buy” Rating at BWS Financial

BWS Financial reaffirmed their buy rating on shares of Arlo Technologies (NYSE:ARLO) in a research report released on Friday morning, Benzinga reports. BWS Financial currently has a $24.00 price objective on the stock.

Separately, Roth Mkm lifted their price target on Arlo Technologies from $16.50 to $18.00 and gave the company a buy rating in a research report on Monday, July 22nd.

Arlo Technologies Price Performance

Shares of ARLO stock opened at $12.10 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.48. The firm has a market cap of $1.18 billion, a P/E ratio of -67.17 and a beta of 1.76. The business’s 50 day moving average price is $12.61 and its 200-day moving average price is $12.82. Arlo Technologies has a fifty-two week low of $7.77 and a fifty-two week high of $17.64.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Arlo Technologies had a negative net margin of 4.19% and a negative return on equity of 20.75%. The business had revenue of $127.45 million for the quarter, compared to the consensus estimate of $125.03 million. During the same period in the previous year, the firm earned ($0.08) EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts anticipate that Arlo Technologies will post -0.4 earnings per share for the current year.

Insider Buying and Selling

In other Arlo Technologies news, Director Amy M. Rothstein sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $14.83, for a total transaction of $222,450.00. Following the completion of the transaction, the director now owns 75,032 shares of the company’s stock, valued at $1,112,724.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arlo Technologies news, Director Amy M. Rothstein sold 15,000 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $14.83, for a total value of $222,450.00. Following the sale, the director now directly owns 75,032 shares of the company’s stock, valued at $1,112,724.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ralph E. Faison purchased 8,842 shares of Arlo Technologies stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $11.89 per share, with a total value of $105,131.38. Following the completion of the acquisition, the director now directly owns 385,599 shares of the company’s stock, valued at $4,584,772.11. The disclosure for this purchase can be found here. 3.80% of the stock is currently owned by insiders.

Institutional Trading of Arlo Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of Arlo Technologies by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 948,042 shares of the company’s stock valued at $9,025,000 after acquiring an additional 58,620 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in shares of Arlo Technologies by 33.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 69,519 shares of the company’s stock worth $662,000 after purchasing an additional 17,500 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Arlo Technologies by 87.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 216,890 shares of the company’s stock worth $2,065,000 after purchasing an additional 101,194 shares during the last quarter. Cannell Capital LLC lifted its holdings in shares of Arlo Technologies by 6.8% during the fourth quarter. Cannell Capital LLC now owns 2,480,703 shares of the company’s stock valued at $23,616,000 after purchasing an additional 158,580 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Arlo Technologies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 9,556,442 shares of the company’s stock valued at $90,977,000 after buying an additional 51,623 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors.

Arlo Technologies Company Profile

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.