NETGEAR, Inc. (NASDAQ:NTGR) SVP Sells $26,701.12 in Stock

NETGEAR, Inc. (NASDAQ:NTGRGet Free Report) SVP Vikram Mehta sold 1,844 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $14.48, for a total transaction of $26,701.12. Following the transaction, the senior vice president now directly owns 25,569 shares in the company, valued at $370,239.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

NETGEAR Trading Up 0.1 %

Shares of NETGEAR stock opened at $14.32 on Thursday. NETGEAR, Inc. has a 1 year low of $10.40 and a 1 year high of $19.68. The company has a 50-day moving average of $14.36 and a 200 day moving average of $13.20.

NETGEAR (NASDAQ:NTGRGet Free Report) last announced its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. NETGEAR had a negative net margin of 13.62% and a negative return on equity of 3.76%. The business had revenue of $188.67 million during the quarter, compared to the consensus estimate of $185.14 million. During the same quarter last year, the firm earned ($0.21) earnings per share. The business’s revenue for the quarter was down 24.3% on a year-over-year basis. Equities research analysts forecast that NETGEAR, Inc. will post -0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NTGR shares. StockNews.com upgraded shares of NETGEAR from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Raymond James reduced their target price on NETGEAR from $22.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th.

Get Our Latest Stock Report on NTGR

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its holdings in shares of NETGEAR by 20.1% during the first quarter. Captrust Financial Advisors now owns 3,082 shares of the communications equipment provider’s stock valued at $76,000 after purchasing an additional 515 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of NETGEAR by 54.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the communications equipment provider’s stock valued at $48,000 after buying an additional 837 shares during the period. Quilter Plc purchased a new position in shares of NETGEAR in the 1st quarter worth $983,070,000. US Bancorp DE increased its position in NETGEAR by 53.8% during the second quarter. US Bancorp DE now owns 2,926 shares of the communications equipment provider’s stock valued at $41,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in NETGEAR by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 98,900 shares of the communications equipment provider’s stock valued at $1,791,000 after acquiring an additional 1,200 shares during the period. Hedge funds and other institutional investors own 81.36% of the company’s stock.

About NETGEAR

(Get Free Report)

NETGEAR, Inc engages in the design, development, and marketing of networking and Internet connected products for consumers, businesses, and service providers in the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and Small and Medium Business.

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Insider Buying and Selling by Quarter for NETGEAR (NASDAQ:NTGR)

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