Shares of NETGEAR, Inc. (NASDAQ:NTGR) have earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $62.13.
NTGR has been the topic of a number of research reports. Global Equities Research reissued a “buy” rating and issued a $85.00 target price on shares of NETGEAR in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of NETGEAR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th.
NETGEAR (NTGR) traded down 0.21% during mid-day trading on Tuesday, hitting $47.50. The stock had a trading volume of 277,994 shares. NETGEAR has a one year low of $41.50 and a one year high of $60.82. The company has a 50 day moving average price of $46.92 and a 200-day moving average price of $47.21. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 21.80 and a beta of 1.54.
NETGEAR (NASDAQ:NTGR) last issued its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.06. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The business had revenue of $330.72 million for the quarter, compared to the consensus estimate of $324.64 million. During the same quarter last year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts expect that NETGEAR will post $2.74 earnings per share for the current fiscal year.
In related news, SVP Tamesa Rogers sold 1,500 shares of NETGEAR stock in a transaction on Monday, July 10th. The shares were sold at an average price of $44.15, for a total transaction of $66,225.00. Following the sale, the senior vice president now owns 23,703 shares of the company’s stock, valued at approximately $1,046,487.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Patrick Cs Lo sold 5,900 shares of NETGEAR stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $43.39, for a total transaction of $256,001.00. Following the sale, the chairman now directly owns 179,125 shares in the company, valued at approximately $7,772,233.75. The disclosure for this sale can be found here. Insiders have sold a total of 63,128 shares of company stock worth $2,925,966 in the last ninety days. 6.20% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in NTGR. Envestnet Asset Management Inc. increased its stake in NETGEAR by 17.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,080 shares of the communications equipment provider’s stock worth $103,000 after buying an additional 304 shares during the period. Victory Capital Management Inc. increased its position in shares of NETGEAR by 42.8% in the 1st quarter. Victory Capital Management Inc. now owns 2,724 shares of the communications equipment provider’s stock worth $135,000 after purchasing an additional 817 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of NETGEAR in the 1st quarter worth about $139,000. US Bancorp DE increased its position in shares of NETGEAR by 9.2% in the 1st quarter. US Bancorp DE now owns 3,243 shares of the communications equipment provider’s stock worth $161,000 after purchasing an additional 272 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its position in shares of NETGEAR by 364.8% in the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 3,500 shares of the communications equipment provider’s stock worth $173,000 after purchasing an additional 2,747 shares during the last quarter. 98.85% of the stock is currently owned by hedge funds and other institutional investors.
NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.
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