Insider Selling: NetGear, Inc. (NTGR) SVP Sells 750 Shares of Stock
NetGear, Inc. (NASDAQ:NTGR) SVP Patrick J. Collins III sold 750 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $52.30, for a total value of $39,225.00. Following the completion of the sale, the senior vice president now owns 20,182 shares in the company, valued at $1,055,518.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NetGear, Inc. (NASDAQ:NTGR) traded up $0.85 during midday trading on Tuesday, hitting $53.30. The stock had a trading volume of 340,940 shares, compared to its average volume of 399,837. NetGear, Inc. has a twelve month low of $41.50 and a twelve month high of $59.92. The firm has a market capitalization of $1,690.00, a PE ratio of 20.92 and a beta of 1.52.
NetGear (NASDAQ:NTGR) last posted its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.13. NetGear had a return on equity of 10.57% and a net margin of 5.33%. The company had revenue of $355.48 million for the quarter, compared to analysts’ expectations of $349.36 million. During the same period last year, the firm earned $0.76 earnings per share. NetGear’s quarterly revenue was up 5.0% on a year-over-year basis. equities research analysts predict that NetGear, Inc. will post 2.24 earnings per share for the current year.
Several analysts have recently issued reports on NTGR shares. Zacks Investment Research cut NetGear from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. BWS Financial upgraded NetGear from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. NetGear has a consensus rating of “Hold” and an average target price of $62.75.
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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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