NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) CRO Michael A. Werdann sold 9,244 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $12.15, for a total transaction of $112,314.60. Following the sale, the executive now directly owns 79,668 shares of the company's stock, valued at approximately $967,966.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NETGEAR Stock Down 4.7 %
Shares of NETGEAR stock opened at $11.49 on Wednesday. The firm has a market capitalization of $334.01 million, a P/E ratio of -2.98 and a beta of 0.86. NETGEAR, Inc. has a 52 week low of $10.40 and a 52 week high of $15.93. The company has a 50 day moving average price of $14.66 and a 200 day moving average price of $14.11.
NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. The business had revenue of $188.67 million during the quarter, compared to analysts' expectations of $185.14 million. NETGEAR had a negative net margin of 15.69% and a negative return on equity of 3.73%. The business's quarterly revenue was down 24.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.21) earnings per share. As a group, research analysts anticipate that NETGEAR, Inc. will post -0.16 earnings per share for the current fiscal year.
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Separately, BWS Financial reissued a "neutral" rating and issued a $13.00 price objective on shares of NETGEAR in a research report on Thursday, May 2nd.
Check Out Our Latest Research Report on NTGR
Hedge Funds Weigh In On NETGEAR
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of NETGEAR by 52.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,664 shares of the communications equipment provider's stock valued at $46,000 after purchasing an additional 1,257 shares during the period. Headlands Technologies LLC acquired a new position in NETGEAR in the 1st quarter worth approximately $30,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in NETGEAR by 28.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,091 shares of the communications equipment provider's stock worth $147,000 after buying an additional 2,249 shares during the last quarter. Quest Partners LLC acquired a new stake in NETGEAR during the 4th quarter valued at approximately $53,000. Finally, Pinnacle Holdings LLC boosted its holdings in shares of NETGEAR by 11.6% in the 4th quarter. Pinnacle Holdings LLC now owns 37,731 shares of the communications equipment provider's stock valued at $550,000 after acquiring an additional 3,924 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.
About NETGEAR
(
Get Free Report)
NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.
Further Reading
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