NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 3,724 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $31.00, for a total transaction of $115,444.00. Following the completion of the sale, the senior vice president now owns 44,865 shares of the company’s stock, valued at approximately $1,390,815. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NetGear stock opened at $34.25 on Monday. The stock has a 50 day moving average price of $26.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.82 and a current ratio of 2.45. NetGear, Inc. has a 52-week low of $24.63 and a 52-week high of $75.25. The stock has a market cap of $1.08 billion, a P/E ratio of 19.68 and a beta of 1.72.

NetGear (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, July 24th. The communications equipment provider reported $0.11 earnings per share (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 during the quarter, compared to analysts’ expectations of $224.35 million. During the same period in the previous year, the firm earned $0.29 EPS. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, equities research analysts expect that NetGear, Inc. will post 1.9 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. BidaskClub lowered shares of Zai Lab from a “strong-buy” rating to a “buy” rating in a report on Friday. Guggenheim restated a “hold” rating on shares of Tempur Sealy International in a report on Wednesday, June 19th. Zacks Investment Research lowered shares of Great Portland Estates from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a research report on Friday, June 28th. Finally, ValuEngine downgraded shares of Welbilt from a “hold” rating to a “sell” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. NetGear presently has an average rating of “Hold” and a consensus price target of $52.33.

Several institutional investors have recently modified their holdings of NTGR. Louisiana State Employees Retirement System purchased a new position in shares of NetGear in the 2nd quarter worth approximately $307,000. Oregon Public Employees Retirement Fund purchased a new stake in NetGear during the 2nd quarter worth approximately $314,000. New York State Teachers Retirement System purchased a new stake in NetGear during the 2nd quarter worth approximately $1,908,000. State of Alaska Department of Revenue purchased a new stake in NetGear during the 2nd quarter worth approximately $271,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in NetGear during the 2nd quarter worth approximately $202,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

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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