Press coverage about Netflix (NASDAQ:NFLX) has trended somewhat positive on Thursday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Netflix earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the Internet television network an impact score of 44.1842330459719 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Spotify To Go Public As The Media Industry Continues To Evolve (finance.yahoo.com)
- Cord Cutting Hits Another Record, Bashing Cable and Telecom Stocks (finance.yahoo.com)
- Spotify Must Prove It's 'Have to Have It' Service, Lehmann Says (finance.yahoo.com)
- As tech rallies on, market watchers say Netflix and Micron are the two names to buy (finance.yahoo.com)
- Harwood Advisory Group LLC Purchases 1,678 Shares of Netflix, Inc. (NFLX) (americanbankingnews.com)
Several brokerages have recently issued reports on NFLX. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $319.00 price objective (up from $281.00) on shares of Netflix in a report on Wednesday, February 21st. Vetr cut Netflix from a “hold” rating to a “sell” rating and set a $266.74 price objective on the stock. in a report on Thursday, February 22nd. Barclays set a $285.00 price objective on Netflix and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, Wells Fargo & Co set a $285.00 price objective on Netflix and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $240.17.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. sell-side analysts predict that Netflix will post 2.73 EPS for the current fiscal year.
In other Netflix news, Director Richard N. Barton sold 350 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $185.71, for a total value of $64,998.50. Following the completion of the sale, the director now directly owns 7,171 shares in the company, valued at $1,331,726.41. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jonathan Friedland sold 2,743 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $205.59, for a total value of $563,933.37. Following the completion of the sale, the insider now owns 1,147 shares of the company’s stock, valued at $235,811.73. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 457,247 shares of company stock worth $110,860,447. 4.90% of the stock is owned by corporate insiders.
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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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