NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,500 shares of NetGear stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $57.35, for a total value of $86,025.00. Following the completion of the sale, the senior vice president now owns 33,551 shares of the company’s stock, valued at approximately $1,924,149.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tamesa Rogers also recently made the following trade(s):

  • On Friday, January 19th, Tamesa Rogers sold 5,000 shares of NetGear stock. The shares were sold at an average price of $69.40, for a total value of $347,000.00.
  • On Monday, January 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The shares were sold at an average price of $59.40, for a total value of $89,100.00.
  • On Friday, December 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The shares were sold at an average price of $51.40, for a total value of $77,100.00.

Shares of NetGear, Inc. (NASDAQ:NTGR) opened at $58.85 on Monday. NetGear, Inc. has a fifty-two week low of $41.50 and a fifty-two week high of $71.42. The stock has a market capitalization of $1,852.01, a PE ratio of 25.37 and a beta of 1.79.

NetGear (NASDAQ:NTGR) last issued its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. NetGear had a return on equity of 9.92% and a net margin of 1.38%. The business had revenue of $397.06 million during the quarter, compared to analysts’ expectations of $393.27 million. During the same quarter in the previous year, the business earned $0.88 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. analysts expect that NetGear, Inc. will post 2.71 earnings per share for the current year.

Several analysts have commented on the company. Zacks Investment Research upgraded NetGear from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Wednesday, January 10th. BidaskClub upgraded NetGear from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Raymond James Financial upgraded NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 target price for the company in a report on Monday, December 18th. Finally, BWS Financial set a $75.00 target price on NetGear and gave the stock a “buy” rating in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $65.20.

Several large investors have recently modified their holdings of NTGR. Advisory Services Network LLC grew its holdings in shares of NetGear by 10,500.0% during the 4th quarter. Advisory Services Network LLC now owns 2,014 shares of the communications equipment provider’s stock worth $118,000 after purchasing an additional 1,995 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of NetGear by 126.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,378 shares of the communications equipment provider’s stock worth $140,000 after purchasing an additional 1,330 shares during the period. Amalgamated Bank purchased a new stake in shares of NetGear during the 3rd quarter worth about $207,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of NetGear during the 4th quarter worth about $215,000. Finally, M&T Bank Corp boosted its holdings in 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 acquiring an additional 1,300 shares during the period. Institutional investors and hedge funds own 97.52% of the company’s stock.

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NetGear Company Profile

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.

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

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