NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,987 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $33.77, for a total value of $67,100.99. Following the sale, the senior vice president now owns 44,617 shares in the company, valued at $1,506,716.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Tamesa Rogers also recently made the following trade(s):
- On Thursday, July 25th, Tamesa Rogers sold 3,724 shares of NetGear stock. The shares were sold at an average price of $31.00, for a total value of $115,444.00.
NASDAQ:NTGR opened at $32.99 on Monday. NetGear, Inc. has a 52 week low of $24.63 and a 52 week high of $75.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.45 and a quick ratio of 1.57. The firm has a market cap of $1.03 billion, a PE ratio of 18.96 and a beta of 1.71. The company’s 50-day simple moving average is $27.41.
NetGear (NASDAQ:NTGR) last posted its earnings results on Wednesday, July 24th. The communications equipment provider reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.14). The business had revenue of $230.85 million for the quarter, compared to analyst estimates of $224.35 million. NetGear had a net margin of 0.91% and a return on equity of 7.26%. NetGear’s revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. As a group, equities research analysts expect that NetGear, Inc. will post 1.62 earnings per share for the current year.
A number of research firms have recently commented on NTGR. Zacks Investment Research upgraded NetGear from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, April 16th. Guggenheim began coverage on NetGear in a research report on Wednesday, June 19th. They set a “buy” rating and a $40.00 target price on the stock. BidaskClub upgraded NetGear from a “strong sell” rating to a “sell” rating in a research report on Friday, July 26th. ValuEngine upgraded NetGear from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Deutsche Bank began coverage on NetGear in a research report on Friday, June 28th. They set a “hold” rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $49.80.
Institutional investors have recently modified their holdings of the stock. Chicago Equity Partners LLC acquired a new stake in shares of NetGear during the 2nd quarter worth approximately $330,000. GHP Investment Advisors Inc. acquired a new stake in shares of NetGear during the 2nd quarter worth approximately $1,013,000. Swiss National Bank acquired a new stake in shares of NetGear during the 2nd quarter worth approximately $1,482,000. Comerica Bank acquired a new stake in shares of NetGear during the 2nd quarter worth approximately $799,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of NetGear during the 2nd quarter worth approximately $248,000. 99.39% of the stock is currently owned by hedge funds and other institutional investors.
NetGear Company Profile
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.
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