Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Netflix (NFLX) Stock Price
Press coverage about Netflix (NASDAQ:NFLX) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Netflix earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned press coverage about the Internet television network an impact score of 44.5617497713418 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Can This Derail Netflix’s Growth Train? (fool.com)
- Netflix subscriber growth peak is still years away, analyst says (marketwatch.com)
- Netflix Inc. (NFLX) Has Climbed To Another New High (nasdaq.com)
- If You Think Netflix Is the World's Largest Streaming Service — Think Again (finance.yahoo.com)
- A Foolish Take: Streaming Video Hasn't Killed Broadcast TV (Yet) (finance.yahoo.com)
NFLX has been the topic of a number of research analyst reports. Loop Capital boosted their price objective on shares of Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Morgan Stanley restated an “overweight” rating and set a $255.00 target price (up from $235.00) on shares of Netflix in a research report on Thursday, January 18th. Royal Bank of Canada restated an “outperform” rating and set a $210.00 target price on shares of Netflix in a research report on Friday, October 6th. Canaccord Genuity restated a “buy” rating and set a $280.00 target price (up from $225.00) on shares of Netflix in a research report on Tuesday, January 23rd. Finally, Buckingham Research restated a “buy” rating and set a $214.00 target price on shares of Netflix in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have assigned a buy rating to the company’s stock. Netflix presently has a consensus rating of “Buy” and a consensus target price of $236.86.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. analysts expect that Netflix will post 2.67 EPS for the current fiscal year.
In related news, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $263.00, for a total value of $92,050.00. Following the completion of the sale, the director now directly owns 7,332 shares in the company, valued at $1,928,316. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 3,885 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total transaction of $777,000.00. Following the completion of the sale, the director now owns 1,015 shares of the company’s stock, valued at $203,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 281,120 shares of company stock valued at $57,570,255. 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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