NETGEAR (NASDAQ:NTGR) Price Target Raised to $37.00

NETGEAR (NASDAQ:NTGR) had its target price upped by Raymond James Financial from $29.00 to $37.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the communications equipment provider’s stock.

Several other equities analysts have also recently weighed in on NTGR. Stifel Nicolaus raised their price objective on NETGEAR from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 17th. Seaport Res Ptn raised NETGEAR to a “strong-buy” rating in a research report on Wednesday, October 1st. Wall Street Zen downgraded NETGEAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. UBS Group set a $35.00 price objective on NETGEAR in a research note on Thursday, August 21st. Finally, Zacks Research downgraded NETGEAR from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, NETGEAR has a consensus rating of “Moderate Buy” and an average price target of $37.33.

NETGEAR Stock Up 2.4%

NASDAQ NTGR opened at $34.72 on Thursday. NETGEAR has a 12-month low of $18.75 and a 12-month high of $36.86. The company has a market capitalization of $1.01 billion, a PE ratio of -38.15 and a beta of 1.09. The firm’s 50 day moving average is $30.76 and its 200-day moving average is $28.48.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.21. The business had revenue of $184.56 million during the quarter, compared to analysts’ expectations of $172.47 million. NETGEAR had a negative net margin of 3.73% and a negative return on equity of 3.76%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. NETGEAR has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that NETGEAR will post -1.84 EPS for the current year.

Insider Buying and Selling

In other news, Director Bradley Maiorino sold 13,063 shares of NETGEAR stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $35.26, for a total transaction of $460,601.38. Following the completion of the transaction, the director directly owned 56,356 shares in the company, valued at approximately $1,987,112.56. The trade was a 18.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Shravan Goli sold 2,047 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $29.95, for a total value of $61,307.65. Following the transaction, the director directly owned 29,238 shares in the company, valued at $875,678.10. The trade was a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,867 shares of company stock valued at $828,884. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On NETGEAR

Large investors have recently modified their holdings of the stock. Virtue Capital Management LLC boosted its holdings in shares of NETGEAR by 4.8% during the 3rd quarter. Virtue Capital Management LLC now owns 37,136 shares of the communications equipment provider’s stock worth $1,203,000 after buying an additional 1,708 shares during the period. Teacher Retirement System of Texas lifted its position in NETGEAR by 67.5% during the third quarter. Teacher Retirement System of Texas now owns 52,792 shares of the communications equipment provider’s stock worth $1,710,000 after acquiring an additional 21,266 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of NETGEAR by 10.4% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,202 shares of the communications equipment provider’s stock worth $525,000 after acquiring an additional 1,526 shares during the period. Ritholtz Wealth Management grew its position in shares of NETGEAR by 6.7% in the third quarter. Ritholtz Wealth Management now owns 23,042 shares of the communications equipment provider’s stock valued at $746,000 after purchasing an additional 1,446 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of NETGEAR by 99.6% during the third quarter. SG Americas Securities LLC now owns 13,484 shares of the communications equipment provider’s stock worth $437,000 after purchasing an additional 6,728 shares during the period. 82.97% of the stock is owned by institutional investors.

About NETGEAR

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.