NETGEAR, Inc. (NASDAQ:NTGR) Receives Average Recommendation of “Moderate Buy” from Analysts

NETGEAR, Inc. (NASDAQ:NTGR) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $37.3333.

Several equities research analysts have recently weighed in on the company. Raymond James Financial increased their price objective on NETGEAR from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NETGEAR in a report on Monday. Zacks Research lowered NETGEAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. UBS Group set a $35.00 price objective on shares of NETGEAR in a research note on Thursday, August 21st. Finally, Stifel Nicolaus lifted 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.

Insider Buying and Selling

In other news, Director Shravan Goli sold 2,047 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $29.95, for a total value of $61,307.65. Following the sale, the director owned 29,238 shares in the company, valued at approximately $875,678.10. The trade was a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bradley Maiorino sold 13,063 shares of the stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $35.26, for a total transaction of $460,601.38. Following the sale, the director owned 56,356 shares of the company’s stock, valued at $1,987,112.56. This trade represents a 18.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,315 shares of company stock worth $661,592 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of NETGEAR

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of NETGEAR by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider’s stock worth $61,532,000 after buying an additional 23,488 shares in the last quarter. Invesco Ltd. grew its position in NETGEAR by 63.9% during the 1st quarter. Invesco Ltd. now owns 227,422 shares of the communications equipment provider’s stock worth $5,563,000 after acquiring an additional 88,643 shares during the last quarter. Nuveen LLC bought a new stake in NETGEAR during the 1st quarter worth approximately $2,741,000. Russell Investments Group Ltd. increased its holdings in NETGEAR by 138.8% during the 1st quarter. Russell Investments Group Ltd. now owns 69,333 shares of the communications equipment provider’s stock valued at $1,707,000 after purchasing an additional 40,294 shares in the last quarter. Finally, American Century Companies Inc. raised its position in NETGEAR by 13.5% in the 1st quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider’s stock valued at $21,386,000 after purchasing an additional 103,875 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

NETGEAR Trading Up 2.3%

Shares of NETGEAR stock opened at $24.07 on Wednesday. The stock has a market capitalization of $683.59 million, a price-to-earnings ratio of -26.45 and a beta of 1.20. NETGEAR has a 1-year low of $18.75 and a 1-year high of $36.86. The firm has a fifty day simple moving average of $29.17 and a 200-day simple moving average of $28.39.

NETGEAR Company Profile

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.