Key Points
- Pramod Badjate sold 4,000 NETGEAR shares on Nov. 19 at an average price of $24.60 for a total of $98,400, reducing his position by 2.51% to 155,361 shares (valued about $3.82M).
- NETGEAR shares traded up about 2.8% to $24.99, sit well below their 50- and 200-day moving averages ($30.79 and $28.85), and have a market cap near $710M with a negative P/E of -27.46 and a 52-week range of $18.75–$36.86.
- Analysts are mixed but the consensus is a "Moderate Buy" with a target price of $37.33, and institutional investors own roughly 82.97% of the company’s stock.
NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) insider Pramod Badjate sold 4,000 shares of the business's stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $24.60, for a total transaction of $98,400.00. Following the transaction, the insider owned 155,361 shares in the company, valued at $3,821,880.60. The trade was a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
NETGEAR Stock Up 2.8%
NTGR traded up $0.68 during midday trading on Friday, hitting $24.99. The company had a trading volume of 434,399 shares, compared to its average volume of 446,946. The stock's 50 day moving average price is $30.79 and its 200 day moving average price is $28.85. NETGEAR, Inc. has a 52 week low of $18.75 and a 52 week high of $36.86. The company has a market capitalization of $709.79 million, a price-to-earnings ratio of -27.46 and a beta of 1.11.
Wall Street Analysts Forecast Growth
NTGR has been the topic of a number of research reports. Wall Street Zen lowered NETGEAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Zacks Research lowered NETGEAR from a "strong-buy" rating to a "hold" rating in a report on Monday, October 20th. UBS Group set a $35.00 price target on NETGEAR in a report on Thursday, August 21st. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of NETGEAR in a research report on Thursday, November 13th. Finally, Stifel Nicolaus boosted their price target on shares of NETGEAR from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.33.
Check Out Our Latest Report on NETGEAR
Hedge Funds Weigh In On NETGEAR
Large investors have recently modified their holdings of the business. Comerica Bank boosted its holdings in NETGEAR by 64.8% in the 3rd quarter. Comerica Bank now owns 1,091 shares of the communications equipment provider's stock worth $35,000 after buying an additional 429 shares during the period. FNY Investment Advisers LLC bought a new position in NETGEAR in the 2nd quarter worth about $58,000. Rexford Capital Inc. purchased a new position in NETGEAR during the second quarter valued at approximately $58,000. Jones Financial Companies Lllp grew its stake in NETGEAR by 44.7% during the third quarter. Jones Financial Companies Lllp now owns 2,323 shares of the communications equipment provider's stock valued at $75,000 after acquiring an additional 718 shares in the last quarter. Finally, CWM LLC lifted its stake in NETGEAR by 35.4% in the 1st quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock worth $71,000 after purchasing an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.
NETGEAR Company Profile
(
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.
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