NETGEAR (NASDAQ:NTGR) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of NETGEAR (NASDAQ:NTGR) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on NTGR. Stifel Nicolaus began coverage on shares of NETGEAR in a report on Friday, August 22nd. They set a “buy” rating and a $35.00 target price for the company. Wall Street Zen lowered shares of NETGEAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, UBS Group set a $35.00 price objective on shares of NETGEAR in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, NETGEAR currently has an average rating of “Buy” and an average target price of $33.00.

NETGEAR Price Performance

Shares of NETGEAR stock opened at $33.09 on Wednesday. The business has a 50 day simple moving average of $27.26 and a two-hundred day simple moving average of $26.98. The stock has a market capitalization of $959.94 million, a P/E ratio of 15.32 and a beta of 1.09. NETGEAR has a 12 month low of $18.75 and a 12 month high of $34.49.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.22. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The firm had revenue of $170.53 million during the quarter, compared to analysts’ expectations of $162.06 million. During the same period in the previous year, the business earned ($0.74) earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that NETGEAR will post -1.84 EPS for the current fiscal year.

Insider Buying and Selling

In other NETGEAR news, Director Shravan Goli sold 11,757 shares of NETGEAR stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $26.11, for a total transaction of $306,975.27. Following the transaction, the director directly owned 31,285 shares of the company’s stock, valued at $816,851.35. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Trading of NETGEAR

Institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in NETGEAR in the second quarter valued at approximately $58,000. Rexford Capital Inc. purchased a new stake in NETGEAR in the second quarter valued at $58,000. CWM LLC lifted its stake in shares of NETGEAR by 35.4% in the 1st quarter. CWM LLC now owns 2,916 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 763 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of NETGEAR by 19.6% during the 1st quarter. Headlands Technologies LLC now owns 3,010 shares of the communications equipment provider’s stock worth $74,000 after purchasing an additional 494 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of NETGEAR by 35.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,475 shares of the communications equipment provider’s stock worth $101,000 after purchasing an additional 904 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.