News headlines about NetGear (NASDAQ:NTGR) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NetGear earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 46.5965429762627 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
NetGear (NTGR) traded down $1.90 during trading on Monday, hitting $66.10. 568,364 shares of the stock traded hands, compared to its average volume of 508,494. The company has a market capitalization of $2,080.00, a price-to-earnings ratio of 30.05 and a beta of 1.79. NetGear has a fifty-two week low of $41.50 and a fifty-two week high of $71.42.
NTGR has been the topic of a number of research reports. Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 target price on the stock in a report on Monday, December 18th. BidaskClub raised shares of NetGear from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 13th. Zacks Investment Research raised shares of NetGear from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Wednesday, January 10th. Finally, BWS Financial set a $75.00 target price on shares of NetGear and gave the stock a “buy” rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.20.
In related news, SVP Tamesa Rogers sold 1,500 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $45.40, for a total value of $68,100.00. Following the completion of the transaction, the senior vice president now owns 23,781 shares in the company, valued at approximately $1,079,657.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Patrick J. Collins III sold 646 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $68.10, for a total transaction of $43,992.60. Following the completion of the transaction, the senior vice president now owns 25,761 shares of the company’s stock, valued at approximately $1,754,324.10. The disclosure for this sale can be found here. Insiders have sold 78,000 shares of company stock valued at $4,477,147 in the last 90 days. Insiders own 6.20% of the company’s stock.
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NetGear Company Profile
NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.
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