Brokerages Set NETGEAR, Inc. (NASDAQ:NTGR) PT at $37.33

Shares of NETGEAR, Inc. (NASDAQ:NTGR) have been given a consensus recommendation of “Hold” by the four ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $36.00.

A number of research firms recently commented on NTGR. Wall Street Zen lowered NETGEAR from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th. Raymond James Financial boosted their price objective on NETGEAR from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of NETGEAR in a report on Monday, December 29th. Zacks Research lowered NETGEAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Stifel Nicolaus set a $36.00 price target on shares of NETGEAR in a research report on Thursday.

Insider Buying and Selling at NETGEAR

In other news, insider Pramod Badjate sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $24.60, for a total transaction of $98,400.00. Following the sale, the insider directly owned 155,361 shares of the company’s stock, valued at $3,821,880.60. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NTGR. Comerica Bank raised its stake in shares of NETGEAR by 64.8% in the 3rd quarter. Comerica Bank now owns 1,091 shares of the communications equipment provider’s stock valued at $35,000 after purchasing an additional 429 shares during the period. Jones Financial Companies Lllp raised its position in NETGEAR by 44.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,323 shares of the communications equipment provider’s stock valued at $75,000 after buying an additional 718 shares during the last quarter. Bailard Inc. lifted its stake in NETGEAR by 9.9% in the 2nd quarter. Bailard Inc. now owns 10,000 shares of the communications equipment provider’s stock valued at $291,000 after acquiring an additional 900 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in 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 acquiring an additional 904 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its stake in shares of NETGEAR by 50.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 3,000 shares of the communications equipment provider’s stock worth $97,000 after acquiring an additional 1,000 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

NETGEAR Stock Up 3.2%

Shares of NETGEAR stock opened at $20.50 on Thursday. NETGEAR has a 12-month low of $18.75 and a 12-month high of $36.86. The stock has a market capitalization of $582.20 million, a P/E ratio of -33.06 and a beta of 1.15. The company has a 50-day simple moving average of $23.51 and a 200 day simple moving average of $26.80.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.21. The firm had revenue of $182.47 million for the quarter, compared to analyst estimates of $177.26 million. NETGEAR had a negative net margin of 2.56% and a negative return on equity of 2.40%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) earnings per share. On average, equities analysts anticipate that NETGEAR will post -1.84 earnings per share for the current year.

NETGEAR Company Profile

NETGEAR, Inc (NASDAQ: NTGR) is a global provider of networking solutions for consumer, business and service provider markets. The company designs, develops and markets a comprehensive portfolio of products that enable high-speed connectivity, data storage and network security for homes, small to medium-sized businesses and large enterprises.

Its product lineup includes Wi-Fi routers, mesh networking systems, cable modems, mobile broadband gateways and Ethernet switches—offered in both managed and unmanaged configurations.