Shares of NetGear, Inc. (NASDAQ:NTGR) have earned an average rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $65.20.

NTGR has been the topic of several recent analyst reports. BWS Financial raised NetGear from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, October 9th. Zacks Investment Research cut NetGear from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. BidaskClub raised NetGear from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Finally, Raymond James Financial raised NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 target price on the stock in a research note on Monday, December 18th.

In other news, Director Jef Graham acquired 500 shares of the business’s stock in a transaction on Friday, December 15th. The shares were acquired at an average cost of $54.05 per share, with a total value of $27,025.00. Following the transaction, the director now owns 5,183 shares in the company, valued at approximately $280,141.15. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Patrick Cs Lo sold 19,799 shares of NetGear stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $45.35, for a total value of $897,884.65. Following the sale, the chairman now directly owns 183,001 shares in the company, valued at $8,299,095.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,300 shares of company stock worth $4,068,061. Insiders own 6.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its position in NetGear by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,206 shares of the communications equipment provider’s stock valued at $138,000 after acquiring an additional 482 shares in the last quarter. Amalgamated Bank bought a new stake in shares of NetGear in the 3rd quarter worth approximately $207,000. M&T Bank Corp boosted its position in shares of NetGear by 31.5% in the 2nd quarter. M&T Bank Corp now owns 5,428 shares of the communications equipment provider’s stock worth $234,000 after purchasing an additional 1,300 shares in the last quarter. K.J. Harrison & Partners Inc bought a new stake in shares of NetGear in the 3rd quarter worth approximately $286,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of NetGear in the 3rd quarter worth approximately $301,000.

NetGear (NTGR) traded up $1.95 on Monday, hitting $65.40. The stock had a trading volume of 526,400 shares, compared to its average volume of 510,178. The stock has a market capitalization of $2,058.13, a P/E ratio of 29.73 and a beta of 1.53. NetGear has a 1 year low of $41.50 and a 1 year high of $65.55.

NetGear (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.13. The firm had revenue of $355.48 million for the quarter, compared to the consensus estimate of $349.36 million. NetGear had a return on equity of 10.57% and a net margin of 5.33%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. research analysts predict that NetGear will post 2.24 earnings per share for the current year.

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About NetGear

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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