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

Shares of NETGEAR, Inc. (NASDAQ:NTGR) have been given a consensus rating of “Hold” by the four analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $36.00.

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

NETGEAR Price Performance

Shares of NTGR opened at $22.13 on Friday. The stock has a market capitalization of $622.14 million, a PE ratio of -35.69 and a beta of 1.16. The business’s fifty day moving average price is $21.21 and its 200 day moving average price is $25.75. NETGEAR has a 12-month low of $18.75 and a 12-month high of $36.86.

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, beating the consensus estimate of $0.05 by $0.21. The firm had revenue of $182.47 million during the quarter, compared to analyst estimates of $177.26 million. NETGEAR had a negative net margin of 2.56% and a negative return on equity of 2.40%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. As a group, research analysts anticipate that NETGEAR will post -1.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Pramod Badjate sold 3,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 144,586 shares in the company, valued at $3,031,968.42. This represents a 2.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NETGEAR

Several hedge funds and other institutional investors have recently modified their holdings of the company. Amundi grew its position in shares of NETGEAR by 99.1% during the first quarter. Amundi now owns 48,211 shares of the communications equipment provider’s stock worth $1,179,000 after acquiring an additional 23,993 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in NETGEAR by 15.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,874 shares of the communications equipment provider’s stock valued at $6,846,000 after purchasing an additional 37,469 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in NETGEAR by 13.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,146 shares of the communications equipment provider’s stock valued at $1,814,000 after purchasing an additional 9,021 shares during the period. Creative Planning grew its position in NETGEAR by 35.2% in the 2nd quarter. Creative Planning now owns 22,795 shares of the communications equipment provider’s stock worth $663,000 after purchasing an additional 5,936 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in NETGEAR by 36.0% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 14,676 shares of the communications equipment provider’s stock worth $427,000 after purchasing an additional 3,886 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.