News stories about Netflix (NASDAQ:NFLX) have been trending somewhat positive this week, according to Alpha One Sentiment. The research firm, a service of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Netflix earned a media sentiment score of 0.24 on Alpha One’s scale. Alpha One also gave news articles about the Internet television network an impact score of 76 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected AlphaOne Sentiment’s rankings:
- Vice CEO drops hints about getting ready for a ‘theoretical IPO’ (finance.yahoo.com)
- Netflix to Announce Second-Quarter 2017 Financial Results (finance.yahoo.com)
- Is The Hawkish Federal Reserve Targeting Stock Prices? (finance.yahoo.com)
- [$$] US tech stocks bounce back for best day of the year (finance.yahoo.com)
- Is Spotify Ready for the Big Time? (finance.yahoo.com)
A number of analysts have recently weighed in on NFLX shares. Stifel Nicolaus raised their price objective on Netflix from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Zacks Investment Research cut Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $175.00 price objective on shares of Netflix in a research report on Monday, April 17th. FBR & Co raised their price objective on Netflix from $144.00 to $145.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, April 18th. Finally, Jefferies Group LLC raised their price objective on Netflix from $135.00 to $141.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $148.44.
Shares of Netflix (NASDAQ:NFLX) traded up 0.67% during mid-day trading on Monday, reaching $153.40. 6,544,298 shares of the company were exchanged. Netflix has a 12 month low of $84.50 and a 12 month high of $166.87. The company’s 50 day moving average price is $158.44 and its 200 day moving average price is $142.71. The firm has a market capitalization of $66.11 billion, a PE ratio of 198.45 and a beta of 0.96.
Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. Netflix had a net margin of 3.55% and a return on equity of 12.73%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the business earned $0.06 earnings per share. The firm’s revenue was up 34.7% compared to the same quarter last year. Equities analysts anticipate that Netflix will post $1.04 earnings per share for the current year.
In related news, Director Richard N. Barton sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $147.39, for a total transaction of $147,390.00. Following the transaction, the director now directly owns 8,012 shares of the company’s stock, valued at $1,180,888.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 7th. The shares were sold at an average price of $143.90, for a total transaction of $287,800.00. Following the transaction, the director now directly owns 8,012 shares in the company, valued at $1,152,926.80. The disclosure for this sale can be found here. Insiders have sold 314,881 shares of company stock worth $47,857,636 in the last 90 days. 4.90% of the stock is owned by company insiders.
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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