News articles about Netflix (NASDAQ:NFLX) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Netflix earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the Internet television network an impact score of 45.3534872363331 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
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Several research analysts have commented on NFLX shares. Piper Jaffray Companies lifted their price target on Netflix from $360.00 to $367.00 in a research report on Tuesday, April 17th. Loop Capital lifted their price target on Netflix from $325.00 to $330.00 in a research report on Tuesday, April 17th. Atlantic Securities reaffirmed a “buy” rating and issued a $385.00 price target on shares of Netflix in a research report on Wednesday, March 28th. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $359.00 price target on the stock in a research report on Tuesday, March 27th. Finally, UBS Group lifted their price target on Netflix from $290.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, March 5th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $300.45.
Shares of NASDAQ:NFLX opened at $399.39 on Wednesday. Netflix has a fifty-two week low of $144.25 and a fifty-two week high of $423.21. The firm has a market capitalization of $178.70 billion, a price-to-earnings ratio of 319.51, a P/E/G ratio of 5.34 and a beta of 1.00. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The business’s revenue was up 40.3% compared to the same quarter last year. research analysts predict that Netflix will post 2.89 EPS for the current fiscal year.
In other Netflix news, insider Gregory K. Peters sold 7,133 shares of the business’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $350.00, for a total value of $2,496,550.00. Following the transaction, the insider now owns 20,223 shares of the company’s stock, valued at $7,078,050. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $420.57, for a total value of $294,399.00. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $3,109,274.01. The disclosure for this sale can be found here. In the last three months, insiders sold 288,982 shares of company stock worth $102,840,168. Insiders own 4.29% of the company’s stock.
Netflix Company Profile
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.