NETGEAR (NASDAQ:NTGR) Coverage Initiated 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 began coverage on shares of NETGEAR (NASDAQ:NTGR - Free Report) in a report released on Friday, Marketbeat.com reports. The brokerage issued a buy rating and a $35.00 price target on the communications equipment provider's stock.

Separately, Wall Street Zen lowered NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, NETGEAR has an average rating of "Buy" and a consensus target price of $32.00.

NETGEAR Stock Up 11.7%

NTGR traded up $2.87 during trading on Friday, hitting $27.48. 997,638 shares of the company's stock were exchanged, compared to its average volume of 603,044. The business's 50 day moving average is $26.85 and its two-hundred day moving average is $26.39. NETGEAR has a fifty-two week low of $15.35 and a fifty-two week high of $31.55. The stock has a market cap of $797.19 million, a P/E ratio of 12.72 and a beta of 1.07.

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

Insider Transactions at NETGEAR

In related news, Director Sarah Butterfass sold 5,848 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $28.89, for a total value of $168,948.72. Following the transaction, the director directly owned 41,657 shares of the company's stock, valued at approximately $1,203,470.73. This trade represents a 12.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Graeme Mclindin sold 2,377 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.38, for a total value of $67,459.26. Following the completion of the transaction, the vice president directly owned 61,208 shares in the company, valued at approximately $1,737,083.04. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,000 shares of company stock worth $490,401. Corporate insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On NETGEAR

Several large investors have recently added to or reduced their stakes in NTGR. FNY Investment Advisers LLC bought a new position in shares of NETGEAR in the second quarter worth about $58,000. Rexford Capital Inc. acquired a new stake in NETGEAR in the 2nd quarter worth approximately $58,000. CWM LLC lifted its holdings in shares of NETGEAR by 35.4% during the first quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock worth $71,000 after purchasing an additional 763 shares during the period. Headlands Technologies LLC lifted its holdings in shares of NETGEAR by 19.6% in the 1st quarter. Headlands Technologies LLC now owns 3,010 shares of the communications equipment provider's stock valued at $74,000 after buying an additional 494 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of NETGEAR by 35.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,475 shares of the communications equipment provider's stock valued at $101,000 after buying an additional 904 shares during the period. 82.97% of the stock is owned by institutional investors.

About NETGEAR

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.