NetGear, Inc. (NTGR) Director Acquires $27,025.00 in Stock
NetGear, Inc. (NASDAQ:NTGR) Director Jef Graham acquired 500 shares of NetGear stock in a transaction on Friday, December 15th. The shares were bought at an average cost of $54.05 per share, with a total value of $27,025.00. Following the completion of the transaction, the director now owns 5,183 shares of the company’s stock, valued at $280,141.15. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NetGear, Inc. (NTGR) traded down $1.45 during trading on Thursday, hitting $58.65. 512,100 shares of the stock were exchanged, compared to its average volume of 410,325. The company has a market capitalization of $1,891.34, a PE ratio of 24.14 and a beta of 1.52. NetGear, Inc. has a 52 week low of $41.50 and a 52 week high of $61.35.
NetGear (NASDAQ:NTGR) last announced its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.13. The company had revenue of $355.48 million during the quarter, compared to analysts’ expectations of $349.36 million. NetGear had a net margin of 5.33% and a return on equity of 10.57%. NetGear’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. analysts expect that NetGear, Inc. will post 2.24 EPS for the current fiscal year.
A number of research firms have commented on NTGR. BidaskClub raised shares of NetGear from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research report on Monday. Zacks Investment Research cut shares of NetGear from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, BWS Financial raised shares of NetGear from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $62.60.
NetGear Company Profile
NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.
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