Media headlines about Netflix (NASDAQ:NFLX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Netflix earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the Internet television network an impact score of 45.3930577168307 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Earnings Watch: Netflix earnings: Why higher subscription prices lead to more shows like ‘Stranger Things’ (marketwatch.com)
- Netflix (NFLX) Created a Free Mobile Game Based on Stranger Things Series (investorplace.com)
- Netflix Loses Yet Another Emmy-Nominated Drama to Hulu (fool.com)
- Rate Hikes Have Ultimately Hammered Netflix, Inc. (NFLX) Stock in the Past (investorplace.com)
- Loop Capital Increases Netflix, Inc. (NFLX) Price Target to $228.00 (americanbankingnews.com)
Shares of Netflix (NASDAQ NFLX) traded down 0.91% during mid-day trading on Tuesday, hitting $195.08. 6,233,823 shares of the company were exchanged. The company has a 50 day moving average of $180.46 and a 200 day moving average of $164.75. Netflix has a 52 week low of $97.63 and a 52 week high of $199.40. The company has a market capitalization of $84.23 billion, a P/E ratio of 237.32 and a beta of 1.09.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The business’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. Equities analysts anticipate that Netflix will post $1.18 earnings per share for the current year.
Several research analysts have issued reports on NFLX shares. Canaccord Genuity upped their price objective on Netflix from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, June 16th. Vetr raised Netflix from a “hold” rating to a “buy” rating and set a $168.81 price objective on the stock in a report on Monday, June 12th. MKM Partners reaffirmed a “buy” rating and set a $195.00 price objective on shares of Netflix in a report on Monday, July 10th. Goldman Sachs Group, Inc. (The) set a $175.00 price objective on Netflix and gave the stock a “buy” rating in a report on Wednesday, June 28th. Finally, Guggenheim reissued a “buy” rating and issued a $180.00 price target (up previously from $175.00) on shares of Netflix in a research note on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-one have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $187.47.
In other Netflix news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $169.18, for a total value of $338,360.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at $1,355,470.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the completion of the transaction, the insider now owns 19,208 shares of the company’s stock, valued at $3,407,115.04. The disclosure for this sale can be found here. Insiders have sold 316,067 shares of company stock valued at $56,923,386 over the last 90 days. 4.90% of the stock is currently owned by company insiders.
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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