NETGEAR, Inc. (NASDAQ:NTGR – Get Free Report) Director Sarah Butterfass sold 5,626 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $13.36, for a total transaction of $75,163.36. Following the completion of the transaction, the director now owns 40,744 shares of the company’s stock, valued at approximately $544,339.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NETGEAR Stock Up 2.2 %
NASDAQ NTGR traded up $0.30 during trading hours on Wednesday, hitting $13.73. 239,850 shares of the company’s stock traded hands, compared to its average volume of 241,688. The firm’s 50-day moving average is $13.86 and its 200-day moving average is $14.19. NETGEAR, Inc. has a 52-week low of $10.40 and a 52-week high of $15.93.
NETGEAR (NASDAQ:NTGR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The communications equipment provider reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.04). The firm had revenue of $164.59 million for the quarter, compared to analyst estimates of $163.86 million. NETGEAR had a negative return on equity of 3.73% and a negative net margin of 15.69%. As a group, sell-side analysts predict that NETGEAR, Inc. will post -2 EPS for the current fiscal year.
Institutional Trading of NETGEAR
Wall Street Analysts Forecast Growth
Separately, BWS Financial reissued a “neutral” rating and set a $13.00 target price on shares of NETGEAR in a research note on Thursday, May 2nd.
Read Our Latest Analysis on NETGEAR
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.
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