NETGEAR (NASDAQ:NTGR) Rating Reiterated by BWS Financial

BWS Financial restated their neutral rating on shares of NETGEAR (NASDAQ:NTGR) in a research report sent to investors on Thursday, MarketBeat Ratings reports. They currently have a $13.00 price target on the communications equipment provider’s stock.

NETGEAR Price Performance

NTGR stock opened at $11.63 on Thursday. NETGEAR has a one year low of $10.40 and a one year high of $15.93. The stock has a market cap of $338.04 million, a price-to-earnings ratio of -3.02 and a beta of 0.86. The company has a fifty day moving average price of $14.79 and a two-hundred day moving average price of $14.10.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. The business had revenue of $188.67 million during the quarter, compared to the consensus estimate of $185.14 million. NETGEAR had a negative net margin of 15.69% and a negative return on equity of 3.73%. NETGEAR’s revenue was down 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.21) EPS. Research analysts anticipate that NETGEAR will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrew Wonki Kim sold 5,723 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $14.54, for a total transaction of $83,212.42. Following the completion of the sale, the insider now directly owns 76,656 shares in the company, valued at approximately $1,114,578.24. The sale was disclosed in a filing with the SEC, which is available through this link. 7.00% of the stock is currently owned by company insiders.

Institutional Trading of NETGEAR

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in NETGEAR by 121.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,842 shares of the communications equipment provider’s stock worth $99,000 after acquiring an additional 4,295 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in 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. Assenagon Asset Management S.A. raised its position in NETGEAR by 40.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 281,678 shares of the communications equipment provider’s stock worth $3,546,000 after purchasing an additional 81,200 shares during the last quarter. Jump Financial LLC lifted its holdings in NETGEAR by 124.2% during the 3rd quarter. Jump Financial LLC now owns 75,557 shares of the communications equipment provider’s stock worth $951,000 after buying an additional 41,857 shares during the period. Finally, Barclays PLC grew its position in shares of NETGEAR by 84.5% in the 3rd quarter. Barclays PLC now owns 26,351 shares of the communications equipment provider’s stock valued at $330,000 after buying an additional 12,068 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

NETGEAR Company Profile

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.