NETGEAR (NASDAQ:NTGR) Stock Rating Upgraded by Seaport Res Ptn

Key Points

• NETGEAR stock has been upgraded to a "strong-buy" rating by Seaport Res Ptn, signaling potential optimism regarding the company’s future performance.
• The company's recent earnings report showed an earnings per share (EPS) of $0.06, significantly beating analyst estimates of ($0.16), and revenue increased by 18.5% year-over-year.
• Currently, NETGEAR has an average rating of "Buy" from analysts, with a consensus price target set at $33.00.

NETGEAR (NASDAQ:NTGR - Get Free Report) was upgraded by equities research analysts at Seaport Res Ptn to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. UBS Group set a $35.00 price objective on shares of NETGEAR in a report on Thursday, August 21st. Finally, Stifel Nicolaus started coverage on shares of NETGEAR in a report on Friday, August 22nd. They issued a "buy" rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $33.00.

NETGEAR Stock Down 1.2%

Shares of NASDAQ NTGR opened at $33.32 on Wednesday. The firm has a 50-day simple moving average of $27.12 and a 200-day simple moving average of $26.92. The stock has a market capitalization of $966.61 million, a price-to-earnings ratio of 15.43 and a beta of 1.09. NETGEAR has a 52 week low of $18.75 and a 52 week high of $34.49.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its 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 net margin of 9.13% and a negative return on equity of 3.24%. The business had revenue of $170.53 million during the quarter, compared to analysts' expectations of $162.06 million. During the same period in the prior year, the business earned ($0.74) earnings per share. The company's quarterly revenue was up 18.5% compared to the same quarter last year. NETGEAR has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that NETGEAR will post -1.84 EPS for the current year.

Insiders Place Their Bets

In other NETGEAR news, Director Shravan Goli sold 11,757 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $26.11, for a total transaction of $306,975.27. Following the completion of the transaction, the director owned 31,285 shares of the company's stock, valued at $816,851.35. This trade represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake 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 purchasing an additional 23,488 shares during the period. Pertento Partners LLP boosted its stake 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 during the period. Acadian Asset Management LLC boosted its stake 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 period. American Century Companies Inc. boosted its stake 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 period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of NETGEAR by 10.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 690,981 shares of the communications equipment provider's stock valued at $20,087,000 after purchasing an additional 63,398 shares during the period. 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.

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