Insider Selling: NetGear, Inc. (NASDAQ:NTGR) SVP Sells 514 Shares of Stock

NetGear, Inc. (NASDAQ:NTGR) SVP Heidi Cormack sold 514 shares of NetGear stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $32.94, for a total transaction of $16,931.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ NTGR traded up $0.05 during trading on Thursday, reaching $33.00. 13,834 shares of the stock were exchanged, compared to its average volume of 391,123. The business’s 50-day moving average price is $29.14. NetGear, Inc. has a twelve month low of $24.63 and a twelve month high of $75.25. The company has a quick ratio of 1.57, a current ratio of 2.45 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.02 billion, a P/E ratio of 18.98 and a beta of 1.72.

NetGear (NASDAQ:NTGR) last posted its earnings results on Wednesday, July 24th. The communications equipment provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.14). NetGear had a return on equity of 7.26% and a net margin of 0.91%. The firm had revenue of $230.85 million for the quarter, compared to analyst estimates of $224.35 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. Equities analysts anticipate that NetGear, Inc. will post 1.62 earnings per share for the current year.



NTGR has been the topic of a number of recent 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 on the stock. BidaskClub raised shares of NetGear from a “strong sell” rating to a “sell” rating in a research report on Friday, July 26th. 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 on the stock. Finally, ValuEngine raised shares of NetGear from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.80.

Several hedge funds and other institutional investors have recently bought and sold shares of NTGR. BlackRock Inc. bought a new stake in shares of NetGear in the second quarter worth $120,224,000. Vanguard Group Inc. bought a new stake in shares of NetGear in the second quarter worth $82,673,000. First Trust Advisors LP bought a new stake in shares of NetGear in the second quarter worth $58,736,000. Bank of New York Mellon Corp bought a new stake in shares of NetGear in the second quarter worth $35,531,000. Finally, Wells Fargo & Company MN bought a new stake in shares of NetGear in the second quarter worth $21,359,000. 99.19% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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