Somewhat Favorable Press Coverage Somewhat Unlikely to Affect NetGear (NTGR) Stock Price
Media coverage about NetGear (NASDAQ:NTGR) has been trending somewhat positive on Tuesday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NetGear earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 43.6559016774866 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- NETGEAR, Inc. (NTGR) SVP Tamesa Rogers Sells 1,500 Shares (americanbankingnews.com)
- NETGEAR Inc NTGR SVP Michael F Falcon Sells 1042 Shares (itsforhome.com)
- NETGEAR, Inc. (NTGR) SVP Michael F. Falcon Sells 1,042 Shares (americanbankingnews.com)
- NETGEAR Inc NASDAQ NTGR Shares Bought by Stevens Capital Management LP (itsforhome.com)
- NETGEAR Demonstrates Excellence in Design and Engineering with Recognition by the CTA as a CES 2018 Innovation Award Honoree for Four Products (finance.yahoo.com)
NetGear (NASDAQ NTGR) opened at $52.45 on Tuesday. The firm has a market cap of $1,639.58, a price-to-earnings ratio of 20.92 and a beta of 1.52. NetGear has a twelve month low of $41.50 and a twelve month high of $59.92.
A number of research firms have recently weighed in on NTGR. BWS Financial upgraded shares of NetGear from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, October 9th. Zacks Investment Research downgraded shares of NetGear from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. NetGear presently has an average rating of “Hold” and an average price target of $62.75.
In related news, SVP Tamesa Rogers sold 1,500 shares of NetGear stock in a transaction on Friday, December 8th. The shares were sold at an average price of $51.40, for a total value of $77,100.00. Following the transaction, the senior vice president now owns 23,781 shares in the company, valued at approximately $1,222,343.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Patrick Cs Lo sold 19,799 shares of NetGear stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $47.63, for a total transaction of $943,026.37. Following the completion of the transaction, the chairman now owns 183,125 shares in the company, valued at approximately $8,722,243.75. The disclosure for this sale can be found here. Insiders have sold a total of 102,138 shares of company stock worth $4,967,006 in the last 90 days. 6.20% of the stock is owned by insiders.
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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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