Media headlines about Netflix (NASDAQ:NFLX) have trended somewhat positive this week, InfoTrie reports. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Netflix earned a news impact score of 1.25 on their scale. InfoTrie also gave news stories about the Internet television network an news buzz score of 7 out of 10, indicating that recent media coverage is likely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Netflix’s analysis:
- Netflix Orders Animated Series ‘Dino Girl Gauko’ From Japan (EXCLUSIVE) – Variety (variety.com)
- Netflix Teams With Forest Whitaker on ‘Hello, Universe’ Movie – Variety (variety.com)
- Every new movie and show on Netflix: June 2019 – CNET (cnet.com)
- ‘Riverdale’ Leaps Over ‘Dead To Me’ To Top Netflix’s Most-Watched List In The UK – Deadline (deadline.com)
- Netflix Gives Each New ‘Black Mirror’ Episode A Must-Watch Trailer – Forbes (forbes.com)
A number of analysts recently weighed in on NFLX shares. Rosenblatt Securities reissued a “hold” rating on shares of Netflix in a report on Wednesday, April 17th. UBS Group lowered their price target on shares of Netflix from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. SunTrust Banks reissued a “buy” rating on shares of Netflix in a report on Friday, April 12th. Barclays reissued a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Finally, ValuEngine lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $385.03.
NASDAQ NFLX traded up $5.46 on Wednesday, hitting $359.73. The company’s stock had a trading volume of 6,018,237 shares, compared to its average volume of 8,787,588. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.61 and a current ratio of 0.61. Netflix has a 1-year low of $231.23 and a 1-year high of $423.21. The stock has a market cap of $154.69 billion, a P/E ratio of 134.23, a price-to-earnings-growth ratio of 3.53 and a beta of 1.33.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.19. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the prior year, the company posted $0.64 EPS. The company’s revenue was up 22.2% on a year-over-year basis. Analysts predict that Netflix will post 3.35 earnings per share for the current fiscal year.
In other news, Director Anne M. Sweeney sold 1,649 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $370.00, for a total transaction of $610,130.00. Following the completion of the sale, the director now directly owns 609 shares in the company, valued at $225,330. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Reed Hastings sold 52,458 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $367.25, for a total transaction of $19,265,200.50. Following the sale, the chief executive officer now owns 52,458 shares of the company’s stock, valued at $19,265,200.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,487 shares of company stock valued at $61,025,502. Corporate insiders own 4.29% of the company’s stock.
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Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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