NETGEAR (NASDAQ:NTGR) Now Covered by Analysts at Stifel Nicolaus

Key Points

• Analysts at Stifel Nicolaus have initiated coverage of NETGEAR, giving it a "buy" rating and setting a price target of $35.00, indicating a potential upside of 42.22% from its previous close.
• Wall Street Zen recently downgraded NETGEAR from a "buy" to a "hold" rating, while the overall consensus rating remains a "buy" with an average price target of $32.00.
• NETGEAR reported earnings of $0.06 per share, exceeding the consensus estimate of ($0.16), with a year-over-year revenue increase of 18.5%.

Stifel Nicolaus assumed coverage on shares of NETGEAR (NASDAQ:NTGR - Free Report) in a report released on Friday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $35.00 price objective on the communications equipment provider's stock.

Separately, Wall Street Zen cut shares of NETGEAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $33.00.

NETGEAR Stock Performance

Shares of NETGEAR stock traded down $0.05 during trading hours on Friday, reaching $27.04. 63,252 shares of the company were exchanged, compared to its average volume of 435,837. NETGEAR has a 1 year low of $15.40 and a 1 year high of $31.55. The stock's fifty day moving average is $26.84 and its 200 day moving average is $26.38. The firm has a market cap of $784.43 million, a PE ratio of 12.52 and a beta of 1.07.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.22. The business had revenue of $170.53 million for the quarter, compared to analyst estimates of $162.06 million. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The company's revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.74) earnings per share. NETGEAR has set its Q3 2025 guidance at EPS. Research analysts expect that NETGEAR will post -1.84 earnings per share for the current year.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, Director Shravan Goli sold 11,757 shares of NETGEAR stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $26.11, for a total value of $306,975.27. Following the transaction, the director directly owned 31,285 shares in the company, valued at approximately $816,851.35. The trade was a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sarah Butterfass sold 5,848 shares of NETGEAR stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $28.89, for a total transaction of $168,948.72. Following the completion of the sale, the director directly owned 41,657 shares in the company, valued at approximately $1,203,470.73. The trade was a 12.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,757 shares of company stock valued at $797,376. Company insiders own 2.30% of the company's stock.

Institutional Trading of NETGEAR

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of NETGEAR by 0.9% in the first quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider's stock valued at $61,532,000 after acquiring an additional 23,488 shares in the last quarter. Pertento Partners LLP lifted its holdings in shares of NETGEAR by 6.0% in the second quarter. Pertento Partners LLP now owns 1,691,607 shares of the communications equipment provider's stock valued at $49,175,000 after purchasing an additional 95,955 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of NETGEAR by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider's stock valued at $37,132,000 after purchasing an additional 44,752 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of NETGEAR by 0.3% in the second quarter. Acadian Asset Management LLC now owns 1,079,096 shares of the communications equipment provider's stock valued at $31,354,000 after purchasing an additional 3,114 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of NETGEAR by 4.1% in the second quarter. American Century Companies Inc. now owns 910,212 shares of the communications equipment provider's stock valued at $26,460,000 after purchasing an additional 35,873 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

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.