Headlines about Netflix (NASDAQ:NFLX) have trended somewhat positive on Saturday, according to Accern. Accern identifies positive and negative press 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 positive one, with scores closest to one being the most favorable. Netflix earned a news impact score of 0.15 on Accern’s scale. Accern also gave news articles about the Internet television network an impact score of 45.933513600174 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Netflix announces sequel A Christmas Prince: The Royal Wedding (independent.co.uk)
- You can now skip Netflix intros on your Chromecast (techradar.com)
- Netflix Cancels 13 Reasons Why Premiere After Texas High School Shooting (time.com)
- Textbook Authors Are Suing The Netflix-For-Textbooks Subscription Business Cengage (forbes.com)
- Watch the First Teaser for Michelle Wolf’s Netflix Show (slate.com)
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, April 19th. Vetr downgraded Netflix from a “hold” rating to a “sell” rating and set a $303.70 price objective for the company. in a research report on Wednesday, April 18th. Bank of America raised their price objective on Netflix from $300.00 to $347.00 and gave the stock a “buy” rating in a research report on Tuesday, April 17th. BMO Capital Markets raised their price objective on Netflix from $310.00 to $324.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 17th. Finally, Morgan Stanley lifted their target price on Netflix from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Tuesday, April 17th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $296.12.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the business earned $0.40 earnings per share. The business’s revenue was up 40.3% on a year-over-year basis. sell-side analysts anticipate that Netflix will post 2.9 earnings per share for the current year.
In related news, Director A George Battle sold 10,000 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $309.87, for a total transaction of $3,098,700.00. Following the transaction, the director now directly owns 3,269 shares in the company, valued at $1,012,965.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $279.75, for a total value of $195,825.00. Following the transaction, the director now owns 7,393 shares in the company, valued at $2,068,191.75. The disclosure for this sale can be found here. Insiders sold 249,230 shares of company stock worth $77,215,089 over the last 90 days. Company 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.
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