BidaskClub upgraded shares of NetGear (NASDAQ:NTGR) from a sell rating to a hold rating in a research report report published on Thursday morning, BidAskClub reports.

NTGR has been the subject of a number of other research reports. Guggenheim initiated coverage on shares of NetGear in a research report on Wednesday, June 19th. They set a buy rating and a $40.00 target price for the company. Deutsche Bank initiated coverage on shares of NetGear in a research report on Friday, June 28th. They set a hold rating and a $28.00 target price for the company. Finally, ValuEngine upgraded shares of NetGear from a hold rating to a buy rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. NetGear presently has an average rating of Buy and a consensus target price of $42.25.

NASDAQ:NTGR traded down $1.53 on Thursday, reaching $35.01. 23,197 shares of the company’s stock were exchanged, compared to its average volume of 211,583. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.45 and a quick ratio of 1.57. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 20.12 and a beta of 1.70. NetGear has a 52 week low of $24.63 and a 52 week high of $68.00. The stock has a fifty day simple moving average of $33.56 and a 200-day simple moving average of $30.98.

NetGear (NASDAQ:NTGR) last issued its earnings results on Wednesday, July 24th. The communications equipment provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.14). The business had revenue of $230.85 million for the quarter, compared to the consensus estimate of $224.35 million. NetGear had a return on equity of 7.26% and a net margin of 0.91%. NetGear’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. As a group, sell-side analysts predict that NetGear will post 1.35 EPS for the current year.

In other news, CFO Murray Bryan sold 1,928 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $35.00, for a total value of $67,480.00. Following the completion of the transaction, the chief financial officer now directly owns 31,895 shares in the company, valued at $1,116,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David John Henry sold 1,635 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $26.10, for a total transaction of $42,673.50. Following the completion of the transaction, the senior vice president now owns 24,651 shares of the company’s stock, valued at $643,391.10. The disclosure for this sale can be found here. Insiders sold 76,928 shares of company stock valued at $2,538,599 over the last 90 days. 5.10% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in NTGR. BlackRock Inc. purchased a new stake in NetGear in the second quarter valued at approximately $120,224,000. Vanguard Group Inc. purchased a new stake in NetGear in the second quarter valued at approximately $82,673,000. First Trust Advisors LP purchased a new stake in NetGear in the second quarter valued at approximately $58,736,000. Bank of New York Mellon Corp purchased a new stake in NetGear in the second quarter valued at approximately $35,531,000. Finally, Wells Fargo & Company MN purchased a new stake in NetGear in the second quarter valued at approximately $21,359,000. Institutional investors own 99.91% of the company’s stock.

NetGear Company Profile

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.

Recommended Story: What economic reports are most valuable to investors?

Receive News & Ratings for NetGear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetGear and related companies with MarketBeat.com's FREE daily email newsletter.