NetGear (NASDAQ:NTGR) received a $75.00 price target from research analysts at BWS Financial in a note issued to investors on Friday. The firm currently has a “buy” rating on the communications equipment provider’s stock. BWS Financial’s target price would suggest a potential upside of 14.68% from the company’s current price.

A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded NetGear from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Wednesday, January 10th. BidaskClub downgraded NetGear from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Raymond James Financial upgraded NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. NetGear currently has a consensus rating of “Buy” and an average price target of $65.20.

Shares of NetGear (NTGR) traded up $1.95 during trading hours on Friday, hitting $65.40. 525,900 shares of the stock traded hands, compared to its average volume of 511,577. The firm has a market capitalization of $2,060.00, a P/E ratio of 29.73 and a beta of 1.53. NetGear has a 52 week low of $41.50 and a 52 week high of $65.55.

NetGear (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.13. The business had revenue of $355.48 million during the quarter, compared to the consensus estimate of $349.36 million. NetGear had a return on equity of 10.57% and a net margin of 5.33%. NetGear’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. research analysts predict that NetGear will post 2.24 earnings per share for the current year.

In related news, Chairman Patrick Cs Lo sold 19,799 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $45.35, for a total value of $897,884.65. Following the completion of the sale, the chairman now directly owns 183,001 shares in the company, valued at $8,299,095.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tamesa Rogers sold 1,500 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $45.40, for a total value of $68,100.00. Following the sale, the senior vice president now owns 23,781 shares of the company’s stock, valued at $1,079,657.40. The disclosure for this sale can be found here. Insiders sold 79,300 shares of company stock valued at $4,068,061 over the last 90 days. 6.20% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in NetGear by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,206 shares of the communications equipment provider’s stock worth $138,000 after acquiring an additional 482 shares during the period. Amalgamated Bank acquired a new stake in NetGear during the 3rd quarter worth about $207,000. M&T Bank Corp grew its holdings in NetGear by 31.5% during the 2nd quarter. M&T Bank Corp now owns 5,428 shares of the communications equipment provider’s stock worth $234,000 after acquiring an additional 1,300 shares during the period. K.J. Harrison & Partners Inc acquired a new stake in NetGear during the 3rd quarter worth about $286,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in NetGear during the 3rd quarter worth about $301,000.

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About NetGear

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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