NETGEAR's (NTGR) Buy Rating Reaffirmed at BWS Financial

BWS Financial restated their buy rating on shares of NETGEAR (NASDAQ:NTGR - Free Report) in a report issued on Wednesday morning, Benzinga reports. They currently have a $30.00 target price on the communications equipment provider's stock.

NETGEAR Trading Down 5.5 %

NASDAQ NTGR traded down $0.85 on Wednesday, reaching $14.69. The company's stock had a trading volume of 201,097 shares, compared to its average volume of 220,104. NETGEAR has a 52 week low of $10.40 and a 52 week high of $18.68. The firm has a market cap of $435.71 million, a PE ratio of -4.14 and a beta of 0.84. The business has a 50-day moving average price of $14.81 and a 200 day moving average price of $13.79.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. The company had revenue of $188.67 million for the quarter, compared to analyst estimates of $185.14 million. NETGEAR had a negative return on equity of 2.96% and a negative net margin of 14.14%. The company's revenue was down 24.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.21) EPS. Analysts anticipate that NETGEAR will post -0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Vikram Mehta sold 1,844 shares of NETGEAR stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $14.48, for a total value of $26,701.12. Following the completion of the transaction, the senior vice president now owns 25,569 shares in the company, valued at $370,239.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NETGEAR news, insider Andrew Wonki Kim sold 5,889 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $14.50, for a total transaction of $85,390.50. Following the sale, the insider now owns 88,001 shares of the company's stock, valued at approximately $1,276,014.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Vikram Mehta sold 1,844 shares of the firm's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $14.48, for a total transaction of $26,701.12. Following the completion of the sale, the senior vice president now owns 25,569 shares of the company's stock, valued at approximately $370,239.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,190 shares of company stock valued at $187,235. 6.00% of the stock is currently owned by insiders.

Institutional Trading of NETGEAR

Hedge funds have recently modified their holdings of the stock. Quilter Plc acquired a new position in NETGEAR during the 1st quarter worth $983,070,000. Osaic Holdings Inc. boosted its holdings in NETGEAR by 512.7% in the second quarter. Osaic Holdings Inc. now owns 1,973 shares of the communications equipment provider's stock valued at $28,000 after acquiring an additional 1,651 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in NETGEAR by 54.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,371 shares of the communications equipment provider's stock valued at $48,000 after acquiring an additional 837 shares during the last quarter. PNC Financial Services Group Inc. increased its position in NETGEAR by 138.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,388 shares of the communications equipment provider's stock worth $34,000 after purchasing an additional 1,386 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in NETGEAR during the 1st quarter worth about $66,000. 82.97% of the stock is 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.