Shares of NetGear, Inc. (NASDAQ:NTGR) have earned a consensus rating of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $61.50.

A number of research analysts recently issued reports on the company. ValuEngine downgraded NetGear from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded NetGear from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, April 16th. Finally, BidaskClub downgraded NetGear from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th.

In related news, SVP Michael A. Werdann sold 3,427 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $34.41, for a total value of $117,923.07. Following the transaction, the senior vice president now directly owns 22,168 shares of the company’s stock, valued at approximately $762,800.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Patrick Cs Lo sold 11,588 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $33.75, for a total value of $391,095.00. Following the completion of the transaction, the chairman now directly owns 196,283 shares in the company, valued at $6,624,551.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,188 shares of company stock valued at $908,612. 5.60% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in NetGear stock. Morgan Stanley increased its holdings in NetGear, Inc. (NASDAQ:NTGR) by 73.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,066 shares of the communications equipment provider’s stock after purchasing an additional 99,152 shares during the period. Morgan Stanley owned 0.74% of NetGear worth $14,711,000 as of its most recent SEC filing. 99.69% of the stock is owned by hedge funds and other institutional investors.

NetGear stock opened at $25.07 on Friday. The stock has a market cap of $793.59 million, a price-to-earnings ratio of 14.41 and a beta of 1.82. NetGear has a 52-week low of $24.77 and a 52-week high of $78.30. The company has a quick ratio of 1.82, a current ratio of 2.66 and a debt-to-equity ratio of 0.05.

NetGear (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, April 24th. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The firm had revenue of $249.10 million for the quarter, compared to the consensus estimate of $244.31 million. NetGear had a net margin of 0.35% and a return on equity of 8.97%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 earnings per share. On average, sell-side analysts expect that NetGear will post 2.08 earnings per share for the current fiscal year.

NetGear Company Profile

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.

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