NetGear, Inc. (NASDAQ:NTGR) SVP Michael F. Falcon sold 521 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $72.80, for a total transaction of $37,928.80. Following the transaction, the senior vice president now directly owns 41,326 shares in the company, valued at $3,008,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NTGR stock opened at $73.25 on Wednesday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 31.57 and a beta of 1.99. NetGear, Inc. has a 52 week low of $44.20 and a 52 week high of $78.30.

NetGear (NASDAQ:NTGR) last announced its quarterly earnings data on Monday, July 23rd. The communications equipment provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The business had revenue of $366.80 million for the quarter, compared to analyst estimates of $350.60 million. NetGear had a negative net margin of 0.74% and a positive return on equity of 9.97%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. equities analysts forecast that NetGear, Inc. will post 2.2 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Contravisory Investment Management Inc. bought a new stake in shares of NetGear in the second quarter valued at approximately $140,000. Stevens Capital Management LP bought a new stake in shares of NetGear in the second quarter valued at approximately $201,000. Fox Run Management L.L.C. bought a new stake in shares of NetGear in the second quarter valued at approximately $239,000. O Shaughnessy Asset Management LLC raised its position in shares of NetGear by 390.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,022 shares of the communications equipment provider’s stock valued at $230,000 after purchasing an additional 3,202 shares during the period. Finally, Tower Research Capital LLC TRC bought a new stake in shares of NetGear in the second quarter valued at approximately $267,000.

Several analysts have commented on the stock. Guggenheim reaffirmed a “buy” rating on shares of NetGear in a research report on Tuesday. BidaskClub raised shares of NetGear from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 10th. BWS Financial lifted their price objective on shares of NetGear from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, July 9th. TheStreet lowered shares of NetGear from a “b-” rating to a “c+” rating in a research report on Monday, August 13th. Finally, Zacks Investment Research raised shares of NetGear from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 27th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.75.

About NetGear

NETGEAR, Inc engages in the provision of Internet connected products to consumers, businesses, and service providers. It operates through the following business segments: Arlo, Connected Home, and SMB. The Arlo segment offers internet-connected products for consumers and businesses that provide security and safety.

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