Netflix (NFLX) Receiving Somewhat Positive Media Coverage, Study Shows

News coverage about Netflix (NASDAQ:NFLX) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news 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 daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the Internet television network an impact score of 44.4538572388341 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

Shares of Netflix (NASDAQ:NFLX) traded up $1.70 on Thursday, reaching $189.56. 7,764,242 shares of the company’s stock traded hands, compared to its average volume of 6,629,147. Netflix has a 52 week low of $122.87 and a 52 week high of $204.38. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $81,970.00, a PE ratio of 187.61, a PEG ratio of 5.52 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period last year, the firm earned $0.12 EPS. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. sell-side analysts predict that Netflix will post 1.26 EPS for the current year.

A number of equities analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $225.00 target price (up from $210.00) on shares of Netflix in a report on Friday, October 13th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 target price for the company in a report on Thursday, October 19th. BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, CIBC reaffirmed an “outperform” rating and set a $215.00 target price (up from $200.00) on shares of Netflix in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Netflix has a consensus rating of “Buy” and an average target price of $209.65.

In other Netflix news, Director Richard N. Barton sold 2,000 shares of Netflix stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $184.30, for a total transaction of $368,600.00. Following the sale, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,476,611.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Reed Hastings sold 75,467 shares of Netflix stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $185.02, for a total transaction of $13,962,904.34. Following the sale, the chief executive officer now directly owns 75,467 shares in the company, valued at approximately $13,962,904.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 325,285 shares of company stock worth $62,818,751. 4.90% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This report was originally posted by Week Herald and is the property of of Week Herald. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://weekherald.com/2017/12/14/netflix-nflx-receiving-somewhat-positive-media-coverage-study-shows.html.

About Netflix

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.

Insider Buying and Selling by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply