Headlines about Netflix (NASDAQ:NFLX) have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Netflix earned a media sentiment score of 0.92 on their scale. InfoTrie also gave press coverage about the Internet television network an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Netflix’s ranking:
- Why Netflix Could Cancel Your Subscription (thestreet.com)
- Is Netflix Stock on the Verge of Collapse? (fool.com)
- Netflix Is on the Hunt for Zombie Accounts (barrons.com)
- ‘Avatar: The Last Airbender’ Was The Most-Watched Show On Netflix This Week (forbes.com)
- Netflix to Cancel Subscriptions of Inactive Members (thestreet.com)
A number of equities analysts recently issued reports on NFLX shares. Rosenblatt Securities restated a “neutral” rating and issued a $370.00 target price (up from $275.00) on shares of Netflix in a report on Thursday, April 16th. Citigroup lifted their target price on Netflix from $350.00 to $450.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price (up from $420.00) on shares of Netflix in a report on Wednesday, April 22nd. ValuEngine cut Netflix from a “buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, Pivotal Research lifted their target price on Netflix from $490.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $432.95.
Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, April 21st. The Internet television network reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.07). Netflix had a return on equity of 30.83% and a net margin of 10.43%. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the firm posted $0.76 EPS. Netflix’s revenue for the quarter was up 27.6% on a year-over-year basis. As a group, equities research analysts forecast that Netflix will post 6.42 EPS for the current fiscal year.
In related news, insider Gregory K. Peters sold 5,047 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $425.00, for a total transaction of $2,144,975.00. Following the completion of the transaction, the insider now owns 18,137 shares of the company’s stock, valued at approximately $7,708,225. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Sweeney sold 1,500 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $436.88, for a total value of $655,320.00. Following the transaction, the director now directly owns 490 shares of the company’s stock, valued at approximately $214,071.20. The disclosure for this sale can be found here. Insiders have sold a total of 181,961 shares of company stock valued at $75,572,227 in the last three months. 4.29% of the stock is owned by insiders.
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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