Brokerages Set NETGEAR, Inc. (NASDAQ:NTGR) Price Target at $36.00

NETGEAR, Inc. (NASDAQ:NTGRGet Free Report) has been assigned an average recommendation of “Hold” from the four research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $36.00.

A number of research analysts have recently commented on the company. Wall Street Zen upgraded NETGEAR from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “sell (d)” rating on shares of NETGEAR in a research report on Friday, March 27th. Finally, Zacks Research raised NETGEAR from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th.

Read Our Latest Analysis on NTGR

Insider Transactions at NETGEAR

In related news, insider Pramod Badjate sold 3,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $25.47, for a total value of $76,410.00. Following the completion of the sale, the insider directly owned 165,513 shares of the company’s stock, valued at $4,215,616.11. This represents a 1.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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. Also, Director Sarah Butterfass sold 2,704 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $26.90, for a total value of $72,737.60. Following the completion of the sale, the director directly owned 38,953 shares of the company’s stock, valued at approximately $1,047,835.70. This trade represents a 6.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,085 shares of company stock valued at $318,703 in the last 90 days. Company insiders own 3.10% of the company’s stock.

Institutional Trading of NETGEAR

A number of large investors have recently made changes to their positions in the company. Comerica Bank boosted its position in shares of NETGEAR by 64.8% in the 3rd quarter. Comerica Bank now owns 1,091 shares of the communications equipment provider’s stock valued at $35,000 after purchasing an additional 429 shares during the period. Jones Financial Companies Lllp boosted its position in shares of NETGEAR by 44.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,323 shares of the communications equipment provider’s stock valued at $75,000 after purchasing an additional 718 shares during the period. Cetera Investment Advisers boosted its position in shares of NETGEAR by 6.4% in the 1st quarter. Cetera Investment Advisers now owns 11,996 shares of the communications equipment provider’s stock valued at $262,000 after purchasing an additional 725 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of NETGEAR by 35.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,475 shares of the communications equipment provider’s stock valued at $101,000 after purchasing an additional 904 shares during the period. Finally, FNY Investment Advisers LLC lifted its position in NETGEAR by 50.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 3,000 shares of the communications equipment provider’s stock worth $97,000 after acquiring an additional 1,000 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

NETGEAR Stock Performance

NTGR opened at $24.50 on Wednesday. NETGEAR has a one year low of $19.00 and a one year high of $36.86. The company has a market cap of $657.58 million, a P/E ratio of -27.84 and a beta of 1.17. The business’s 50-day simple moving average is $25.25 and its 200-day simple moving average is $23.60.

NETGEAR (NASDAQ:NTGRGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. NETGEAR had a negative return on equity of 2.71% and a negative net margin of 3.58%.The business had revenue of $158.82 million for the quarter, compared to the consensus estimate of $152.49 million. During the same quarter in the prior year, the business posted $0.02 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts predict that NETGEAR will post -0.5 earnings per share for the current fiscal year.

NETGEAR Company Profile

(Get Free Report)

NETGEAR, Inc (NASDAQ: NTGR) is a global provider of networking solutions for consumer, business and service provider markets. The company designs, develops and markets a comprehensive portfolio of products that enable high-speed connectivity, data storage and network security for homes, small to medium-sized businesses and large enterprises.

Its product lineup includes Wi-Fi routers, mesh networking systems, cable modems, mobile broadband gateways and Ethernet switches—offered in both managed and unmanaged configurations.

Read More

Receive News & Ratings for NETGEAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETGEAR and related companies with MarketBeat.com's FREE daily email newsletter.