BidaskClub cut shares of NetGear (NASDAQ:NTGR) from a hold rating to a sell rating in a report released on Wednesday morning.

A number of other analysts also recently issued reports on NTGR. ValuEngine raised shares of NetGear from a buy rating to a strong-buy rating in a research report on Monday, December 17th. Zacks Investment Research raised shares of NetGear from a hold rating to a buy rating and set a $42.00 target price for the company in a research report on Friday, January 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. NetGear currently has an average rating of Hold and a consensus price target of $65.20.

NASDAQ NTGR opened at $32.98 on Wednesday. NetGear has a 12 month low of $31.80 and a 12 month high of $78.30. The stock has a market cap of $1.04 billion, a PE ratio of 18.95 and a beta of 1.83.

NetGear (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, February 6th. The communications equipment provider reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.26). NetGear had a negative net margin of 0.19% and a positive return on equity of 8.66%. The company had revenue of $288.90 million for the quarter, compared to analyst estimates of $409.26 million. During the same period in the prior year, the company earned $0.71 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Sell-side analysts forecast that NetGear will post 2.52 earnings per share for the current year.

In other NetGear news, Director Barbara Vaughn Scherer sold 683 shares of the stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $38.61, for a total value of $26,370.63. Following the completion of the sale, the director now owns 14,450 shares of the company’s stock, valued at $557,914.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tamesa Rogers sold 1,986 shares of the stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $37.19, for a total transaction of $73,859.34. Following the completion of the sale, the senior vice president now directly owns 32,145 shares of the company’s stock, valued at approximately $1,195,472.55. The disclosure for this sale can be found here. Insiders sold 43,433 shares of company stock valued at $1,630,737 in the last ninety days. 5.10% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Marshall Wace North America L.P. purchased a new position in shares of NetGear during the 3rd quarter valued at approximately $212,000. Sensato Investors LLC purchased a new position in shares of NetGear during the 3rd quarter valued at approximately $365,000. Pacer Advisors Inc. boosted its stake in shares of NetGear by 297.8% during the 3rd quarter. Pacer Advisors Inc. now owns 6,734 shares of the communications equipment provider’s stock valued at $423,000 after buying an additional 5,041 shares during the last quarter. BlueMountain Capital Management LLC boosted its stake in shares of NetGear by 20.3% during the 3rd quarter. BlueMountain Capital Management LLC now owns 7,045 shares of the communications equipment provider’s stock valued at $443,000 after buying an additional 1,188 shares during the last quarter. Finally, Stevens Capital Management LP boosted its stake in shares of NetGear by 123.7% during the 3rd quarter. Stevens Capital Management LP now owns 7,182 shares of the communications equipment provider’s stock valued at $451,000 after buying an additional 3,972 shares during the last quarter. 99.99% of the stock is owned by institutional investors.

NetGear Company Profile

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.

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