Brokerages Set NETGEAR, Inc. (NASDAQ:NTGR) PT at $37.33

Shares of NETGEAR, Inc. (NASDAQ:NTGR) have been given an average recommendation of “Hold” by the four ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $36.00.

Several equities analysts have weighed in on the company. Wall Street Zen cut NETGEAR from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “sell (d)” rating on shares of NETGEAR in a research note on Monday, December 29th. Raymond James Financial lifted their target price on shares of NETGEAR from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Stifel Nicolaus set a $36.00 price target on shares of NETGEAR in a report on Thursday. Finally, Zacks Research downgraded NETGEAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th.

NETGEAR Stock Up 1.1%

Shares of NETGEAR stock opened at $20.72 on Thursday. NETGEAR has a 12-month low of $18.75 and a 12-month high of $36.86. The firm has a market capitalization of $588.45 million, a PE ratio of -33.42 and a beta of 1.15. The stock’s fifty day moving average is $23.41 and its 200-day moving average is $26.77.

NETGEAR (NASDAQ:NTGR) last released its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.21. NETGEAR had a negative net margin of 2.56% and a negative return on equity of 2.40%. The business had revenue of $182.47 million for the quarter, compared to the consensus estimate of $177.26 million. During the same period last year, the firm posted ($0.06) earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Analysts expect that NETGEAR will post -1.84 EPS for the current year.

Insider Activity at NETGEAR

In related news, insider Pramod Badjate sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $24.60, for a total transaction of $98,400.00. Following the completion of the sale, the insider directly owned 155,361 shares of the company’s stock, valued at approximately $3,821,880.60. This represents a 2.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NETGEAR

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank grew its position in NETGEAR by 64.8% in the 3rd quarter. Comerica Bank now owns 1,091 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 429 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of NETGEAR by 161.7% in the 4th quarter. IFP Advisors Inc now owns 2,243 shares of the communications equipment provider’s stock worth $55,000 after acquiring an additional 1,386 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in NETGEAR in the second quarter worth $58,000. Rexford Capital Inc. acquired a new position in NETGEAR during the 2nd quarter worth about $58,000. Finally, Jones Financial Companies Lllp lifted its position in shares of NETGEAR by 44.7% during the third quarter. Jones Financial Companies Lllp now owns 2,323 shares of the communications equipment provider’s stock worth $75,000 after purchasing an additional 718 shares in the last quarter. 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.