NETGEAR, Inc. (NASDAQ:NTGR) Receives $36.00 Average PT from Brokerages

Shares of NETGEAR, Inc. (NASDAQ:NTGR) have received a consensus rating of “Hold” from the four brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $36.00.

Several analysts have commented on NTGR shares. Stifel Nicolaus set a $36.00 price objective on NETGEAR in a research note on Thursday, February 5th. Wall Street Zen raised NETGEAR from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Zacks Research upgraded NETGEAR from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NETGEAR in a report on Friday, March 27th.

NETGEAR Stock Performance

Shares of NETGEAR stock opened at $23.38 on Friday. The company has a market capitalization of $657.21 million, a P/E ratio of -37.71 and a beta of 1.09. NETGEAR has a 1 year low of $18.75 and a 1 year high of $36.86. The company’s fifty day moving average is $21.24 and its two-hundred day moving average is $25.53.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.21. NETGEAR had a negative net margin of 2.56% and a negative return on equity of 2.40%. The business had revenue of $182.47 million during the quarter, compared to analysts’ expectations of $177.26 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, equities analysts expect that NETGEAR will post -1.84 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Pramod Badjate sold 3,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $20.97, for a total value of $62,910.00. Following the completion of the sale, the insider owned 144,586 shares in the company, valued at approximately $3,031,968.42. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On NETGEAR

A number of hedge funds have recently added to or reduced their stakes in NTGR. Comerica Bank increased its position in NETGEAR by 64.8% during the 3rd quarter. Comerica Bank now owns 1,091 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 429 shares during the period. Jones Financial Companies Lllp lifted its holdings 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 buying an additional 718 shares during the period. Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 904 shares during the period. FNY Investment Advisers LLC boosted its stake in shares of NETGEAR by 50.0% in the third quarter. FNY Investment Advisers LLC now owns 3,000 shares of the communications equipment provider’s stock valued at $97,000 after buying an additional 1,000 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of NETGEAR in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

NETGEAR Company Profile

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.