Insider Selling: NetGear, Inc. (NASDAQ:NTGR) SVP Sells 2,234 Shares of Stock

Share on StockTwits

NetGear, Inc. (NASDAQ:NTGR) SVP Michael A. Werdann sold 2,234 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $26.03, for a total transaction of $58,151.02. Following the sale, the senior vice president now owns 15,547 shares in the company, valued at $404,688.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NASDAQ NTGR opened at $26.21 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.66 and a debt-to-equity ratio of 0.05. NetGear, Inc. has a 12-month low of $24.63 and a 12-month high of $78.30. The firm has a market capitalization of $806.50 million, a P/E ratio of 15.06 and a beta of 1.72. The firm has a 50 day simple moving average of $25.75.

NetGear (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, April 24th. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). NetGear had a net margin of 0.35% and a return on equity of 8.97%. The business had revenue of $249.10 million during the quarter, compared to analyst estimates of $244.31 million. During the same quarter last year, the business earned $0.62 earnings per share. NetGear’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, sell-side analysts predict that NetGear, Inc. will post 2.06 earnings per share for the current fiscal year.

Several analysts have commented on NTGR shares. ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a report on Friday, June 28th. BidaskClub upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Guggenheim reiterated a “hold” rating on shares of Tempur Sealy International in a report on Wednesday, June 19th. Finally, Zacks Investment Research downgraded shares of Great Portland Estates from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Two 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.33.

About NetGear

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.

See Also: Why Dividend Stocks May Be Right for You

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

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.



Latest News

Slack  Earns Neutral Rating from Analysts at Credit Suisse Group
Slack Earns Neutral Rating from Analysts at Credit Suisse Group
Slack  Coverage Initiated by Analysts at Morgan Stanley
Slack Coverage Initiated by Analysts at Morgan Stanley
Solaris Oilfield Infrastructure  Coverage Initiated by Analysts at Citigroup
Solaris Oilfield Infrastructure Coverage Initiated by Analysts at Citigroup
Tanger Factory Outlet Centers  Upgraded to “Hold” at Zacks Investment Research
Tanger Factory Outlet Centers Upgraded to “Hold” at Zacks Investment Research
Sterling Bancorp  Coverage Initiated at B. Riley
Sterling Bancorp Coverage Initiated at B. Riley
Restoration Hardware  Upgraded by ValuEngine to “Hold”
Restoration Hardware Upgraded by ValuEngine to “Hold”


© 2006-2019 Ticker Report