NETGEAR, Inc. (NASDAQ:NTGR) Receives $36.00 Consensus Target Price from Analysts

NETGEAR, Inc. (NASDAQ:NTGR) has been assigned a consensus recommendation of “Hold” from the four research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $36.00.

Several research firms recently issued reports on NTGR. Wall Street Zen upgraded NETGEAR from a “sell” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus set a $36.00 price objective on NETGEAR in a report on Thursday, February 5th. Zacks Research upgraded shares of NETGEAR from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NETGEAR in a research note on Monday, December 29th.

NETGEAR Price Performance

Shares of NASDAQ:NTGR opened at $21.57 on Friday. The firm has a market cap of $606.33 million, a P/E ratio of -34.79 and a beta of 1.16. The company’s 50-day moving average price is $21.19 and its two-hundred day moving average price is $25.67. NETGEAR has a 12 month low of $18.75 and a 12 month high of $36.86.

NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.21. The firm had revenue of $182.47 million during the quarter, compared to analysts’ expectations of $177.26 million. NETGEAR had a negative net margin of 2.56% and a negative return on equity of 2.40%. NETGEAR’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.06) EPS. As a group, equities analysts predict that NETGEAR will post -1.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NETGEAR news, insider Pramod Badjate sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $20.97, for a total value of $62,910.00. Following the transaction, the insider directly owned 144,586 shares of the company’s stock, valued at approximately $3,031,968.42. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Comerica Bank grew its stake in shares of NETGEAR by 64.8% during the third quarter. Comerica Bank now owns 1,091 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 429 shares during the period. Jones Financial Companies Lllp lifted its stake in NETGEAR by 44.7% in the third 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 period. Tower Research Capital LLC TRC boosted its holdings in NETGEAR by 35.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,475 shares of the communications equipment provider’s stock worth $101,000 after buying an additional 904 shares during the last quarter. FNY Investment Advisers LLC boosted its holdings in NETGEAR by 50.0% during the third quarter. FNY Investment Advisers LLC now owns 3,000 shares of the communications equipment provider’s stock worth $97,000 after buying an additional 1,000 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of NETGEAR during the 4th quarter worth about $25,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

About NETGEAR

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.