News stories about Netflix (NASDAQ:NFLX) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Netflix earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the Internet television network an impact score of 44.6186552364567 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- CBS CEO: Disney’s new streaming service that’s going after Netflix will ‘probably’ succeed (cnbc.com)
- 3 Stocks That Look Just Like Netflix in 2002 (fool.com)
- These 2 FANGs Take Key Step As Tesla Nears Buy; S&P 500 Futures (feedproxy.google.com)
- The Wall Street Journal: Emmys 2017: A streaming vs. traditional TV showdown (marketwatch.com)
- Netflix Does Have Spending Limits – TheStreet.com (thestreet.com)
Several equities research analysts have issued reports on NFLX shares. Instinet restated a “buy” rating on shares of Netflix in a research report on Friday, June 2nd. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Canaccord Genuity increased their target price on Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, June 16th. Morgan Stanley restated an “overweight” rating and set a $185.00 target price (up previously from $175.00) on shares of Netflix in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $175.00 target price on shares of Netflix in a research report on Friday, June 16th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $178.70.
Netflix (NFLX) traded down 0.58% during midday trading on Thursday, reaching $182.57. 4,510,722 shares of the company’s stock were exchanged. Netflix has a 12-month low of $93.26 and a 12-month high of $191.50. The stock’s 50-day moving average is $175.15 and its 200-day moving average is $158.87. The stock has a market capitalization of $78.82 billion, a price-to-earnings ratio of 222.10 and a beta of 1.05.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. On average, equities analysts forecast that Netflix will post $1.19 earnings per share for the current year.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $174.44, for a total value of $348,880.00. Following the completion of the transaction, the director now owns 8,012 shares of the company’s stock, valued at $1,397,613.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total transaction of $156,620.00. Following the completion of the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at approximately $1,254,839.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,435 shares of company stock valued at $59,221,491. Corporate insiders own 4.90% of the company’s stock.
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Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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