NETGEAR, Inc. (NASDAQ:NTGR) Given Average Rating of “Hold” by Analysts

NETGEAR, Inc. (NASDAQ:NTGR) has been given an average recommendation of “Hold” by the four brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $36.00.

A number of equities research analysts recently weighed in on NTGR shares. Weiss Ratings restated a “sell (d)” rating on shares of NETGEAR in a research note on Monday, December 29th. Stifel Nicolaus set a $36.00 target price on shares of NETGEAR in a research report on Thursday, February 5th. Zacks Research raised shares of NETGEAR from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Wall Street Zen downgraded shares of NETGEAR from a “hold” rating to a “sell” rating in a research report on Sunday, March 1st.

NETGEAR Price Performance

Shares of NTGR stock opened at $22.13 on Friday. NETGEAR has a 12-month low of $18.75 and a 12-month high of $36.86. The firm has a market capitalization of $622.14 million, a price-to-earnings ratio of -35.69 and a beta of 1.16. The business has a 50 day simple moving average of $21.21 and a 200 day simple moving average of $25.75.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.21. NETGEAR had a negative return on equity of 2.40% and a negative net margin of 2.56%.The firm had revenue of $182.47 million for the quarter, compared to the consensus estimate of $177.26 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts anticipate that NETGEAR will post -1.84 EPS for the current fiscal year.

Insider Activity at NETGEAR

In related news, insider Pramod Badjate sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $20.97, for a total transaction of $62,910.00. Following the sale, the insider owned 144,586 shares of the company’s stock, valued at $3,031,968.42. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NETGEAR

Hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC grew its position in NETGEAR by 12.2% in the fourth quarter. Hsbc Holdings PLC now owns 30,030 shares of the communications equipment provider’s stock worth $741,000 after buying an additional 3,277 shares during the last quarter. XTX Topco Ltd lifted its position in shares of NETGEAR by 135.7% during the 4th quarter. XTX Topco Ltd now owns 17,048 shares of the communications equipment provider’s stock valued at $418,000 after acquiring an additional 9,815 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of NETGEAR by 2.4% during the 4th quarter. Wellington Management Group LLP now owns 156,222 shares of the communications equipment provider’s stock worth $3,832,000 after acquiring an additional 3,663 shares in the last quarter. Millennium Management LLC boosted its stake in shares of NETGEAR by 386.1% during the 4th quarter. Millennium Management LLC now owns 236,078 shares of the communications equipment provider’s stock worth $5,791,000 after acquiring an additional 187,515 shares in the last quarter. Finally, Engineers Gate Manager LP grew its holdings in shares of NETGEAR by 36.5% in the 4th quarter. Engineers Gate Manager LP now owns 58,020 shares of the communications equipment provider’s stock worth $1,423,000 after acquiring an additional 15,512 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.