NetGear, Inc. (NASDAQ:NTGR) CFO Murray Bryan sold 1,928 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $35.00, for a total transaction of $67,480.00. Following the completion of the transaction, the chief financial officer now directly owns 31,895 shares of the company’s stock, valued at approximately $1,116,325. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NetGear stock opened at $36.39 on Friday. NetGear, Inc. has a 52-week low of $24.63 and a 52-week high of $68.00. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.91 and a beta of 1.70. The company has a fifty day moving average of $33.56 and a 200-day moving average of $30.98. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.57 and a current ratio of 2.45.
NetGear (NASDAQ:NTGR) last announced its quarterly earnings data on Wednesday, July 24th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.14). NetGear had a net margin of 0.91% and a return on equity of 7.26%. The business had revenue of $230.85 million during the quarter, compared to analysts’ expectations of $224.35 million. During the same period last year, the company posted $0.29 EPS. NetGear’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities research analysts forecast that NetGear, Inc. will post 1.35 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Capital Fund Management S.A. purchased a new stake in shares of NetGear in the 2nd quarter valued at $392,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of NetGear in the 2nd quarter valued at $420,000. Advisory Services Network LLC purchased a new stake in shares of NetGear in the 2nd quarter valued at $54,000. Voloridge Investment Management LLC purchased a new stake in shares of NetGear in the 2nd quarter valued at $559,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of NetGear in the 2nd quarter valued at $209,000. 99.91% of the stock is owned by institutional investors.
A number of research firms have commented on NTGR. ValuEngine raised shares of NetGear from a “hold” rating to a “buy” rating in a research note on Wednesday. Deutsche Bank began coverage on shares of NetGear in a research note on Friday, June 28th. They issued a “hold” rating and a $28.00 price target for the company. Guggenheim began coverage on shares of NetGear in a research note on Wednesday, June 19th. They issued a “buy” rating and a $40.00 price target for the company. Finally, BidaskClub raised shares of NetGear from a “sell” rating to a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $42.25.
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.
Further Reading: What is the Quick Ratio?
Receive News & Ratings for NetGear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetGear and related companies with MarketBeat.com's FREE daily email newsletter.