Netflix (NFLX) Given News Sentiment Rating of 0.09
News headlines about Netflix (NASDAQ:NFLX) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Netflix earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the Internet television network an impact score of 44.7629579071473 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 news stories that may have impacted Accern’s analysis:
- Netflix (NFLX) Downgraded by BidaskClub (americanbankingnews.com)
- Netflix, Inc. – Value Analysis (NASDAQ:NFLX) : December 1, 2017 (finance.yahoo.com)
- The Factors Behind Netflix’s 60% Stock Rally In 2017 (finance.yahoo.com)
- New to Netflix, Amazon and Hulu in December 2017 (yahoo.com)
- New On Netflix: What You Should Watch In December 2017 (yahoo.com)
Several equities research analysts recently weighed in on the company. B. Riley restated a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Jefferies Group restated a “hold” rating and set a $165.00 target price (down from $171.80) on shares of Netflix in a report on Wednesday, August 9th. Wedbush restated a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Finally, SunTrust Banks set a $175.00 target price on Netflix and gave the company a “hold” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $207.30.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. sell-side analysts predict that Netflix will post 1.26 EPS for the current fiscal year.
In related news, General Counsel David A. Hyman sold 63,378 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the completion of the transaction, the general counsel now owns 43,071 shares of the company’s stock, valued at approximately $8,566,821.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan Friedland sold 3,622 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $194.89, for a total value of $705,891.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 325,935 shares of company stock valued at $62,898,922. 4.90% of the stock is owned by corporate 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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