Laura Durr Sells 2,000 Shares of NETGEAR (NASDAQ:NTGR) Stock

NETGEAR, Inc. (NASDAQ:NTGR) Director Laura Durr sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $25.94, for a total value of $51,880.00. Following the sale, the director owned 43,059 shares of the company’s stock, valued at approximately $1,116,950.46. This represents a 4.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Laura Durr also recently made the following trade(s):

• On Tuesday, June 2nd, Laura Durr sold 1,000 shares of NETGEAR stock. The stock was sold at an average price of $26.76, for a total value of $26,760.00.

NETGEAR Stock Down 1.7%

Shares of NASDAQ:NTGR opened at $25.74 on Friday. NETGEAR, Inc. has a 12-month low of $19.00 and a 12-month high of $36.86. The stock has a market cap of $690.86 million, a PE ratio of -29.25 and a beta of 1.17. The business has a 50 day moving average of $24.98 and a 200-day moving average of $23.62.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, topping 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 company had revenue of $158.82 million during the quarter, compared to analysts’ expectations of $152.49 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. Equities research analysts expect that NETGEAR, Inc. will post -0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

NTGR has been the subject of a number of research analyst reports. Stifel Nicolaus set a $36.00 price objective on NETGEAR in a report on Thursday, February 5th. Zacks Research upgraded NETGEAR from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. Wall Street Zen upgraded NETGEAR from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of NETGEAR in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.00.

Institutional Investors Weigh In On NETGEAR

Several institutional investors have recently made changes to their positions in NTGR. Windward Management LP bought a new stake in shares of NETGEAR in the fourth quarter valued at approximately $35,468,000. Concentric Capital Strategies LP bought a new stake in shares of NETGEAR in the fourth quarter valued at approximately $7,020,000. Lazard Asset Management LLC boosted its stake in shares of NETGEAR by 87.6% in the third quarter. Lazard Asset Management LLC now owns 548,911 shares of the communications equipment provider’s stock valued at $17,779,000 after buying an additional 256,266 shares during the period. Renaissance Technologies LLC boosted its stake in shares of NETGEAR by 77.8% in the first quarter. Renaissance Technologies LLC now owns 557,462 shares of the communications equipment provider’s stock valued at $12,175,000 after buying an additional 243,843 shares during the period. Finally, OP Asset Management Ltd bought a new stake in shares of NETGEAR in the first quarter valued at approximately $5,266,000. 82.97% of the stock is currently owned by institutional investors.

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.