NETGEAR (NASDAQ:NTGR) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of NETGEAR (NASDAQ:NTGR) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

NTGR has been the subject of several other reports. Stifel Nicolaus boosted their price objective on shares of NETGEAR from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, October 17th. Wall Street Zen lowered shares of NETGEAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Seaport Res Ptn raised NETGEAR to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of NETGEAR in a research note on Wednesday, October 8th. Finally, UBS Group set a $35.00 price objective on NETGEAR in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, NETGEAR has an average rating of “Moderate Buy” and a consensus target price of $34.67.

NETGEAR Trading Down 1.3%

Shares of NTGR opened at $31.76 on Monday. The company has a market cap of $921.36 million, a price-to-earnings ratio of 14.70 and a beta of 1.09. The business’s fifty day simple moving average is $29.58 and its two-hundred day simple moving average is $27.83. NETGEAR has a 12 month low of $18.75 and a 12 month high of $36.86.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, July 30th. The communications equipment provider reported $0.06 EPS for the quarter, beating 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 company had revenue of $170.53 million for the quarter, compared to analysts’ expectations of $162.06 million. During the same period last year, the firm posted ($0.74) earnings per share. NETGEAR’s revenue was up 18.5% compared to the same quarter last year. NETGEAR has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that NETGEAR will post -1.84 EPS for the current year.

Insider Activity at NETGEAR

In other news, Director Shravan Goli sold 11,757 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $26.11, for a total transaction of $306,975.27. Following the transaction, the director owned 31,285 shares in the company, valued at $816,851.35. This trade represents a 27.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bradley Maiorino sold 13,063 shares of the business’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $35.26, for a total transaction of $460,601.38. Following the completion of the sale, the director directly owned 56,356 shares of the company’s stock, valued at approximately $1,987,112.56. The trade was a 18.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,867 shares of company stock valued at $828,884. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NTGR. Headlands Technologies LLC increased its stake in 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 buying an additional 494 shares in the last quarter. CWM LLC increased its position in shares of NETGEAR by 35.4% during the first quarter. CWM LLC now owns 2,916 shares of the communications equipment provider’s stock worth $71,000 after purchasing an additional 763 shares in the last quarter. SG Americas Securities LLC raised its stake in NETGEAR by 5.8% in the 1st quarter. SG Americas Securities LLC now owns 14,241 shares of the communications equipment provider’s stock valued at $348,000 after purchasing an additional 780 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in NETGEAR by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 100,562 shares of the communications equipment provider’s stock valued at $2,460,000 after purchasing an additional 881 shares in the last quarter. Finally, Bailard Inc. boosted its stake in NETGEAR by 9.9% during the 2nd quarter. Bailard Inc. now owns 10,000 shares of the communications equipment provider’s stock worth $291,000 after purchasing an additional 900 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

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.