Netflix Rating Lowered to Hold at Hudson Square Research (NFLX)
Netflix (NASDAQ:NFLX) was downgraded by investment analysts at Hudson Square Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Shares of Netflix (NASDAQ:NFLX) opened at 321.69 on Wednesday. Netflix has a one year low of $57.40 and a one year high of $334.50. The stock’s 50-day moving average is $304.7 and its 200-day moving average is $245.2. The company has a market cap of $18.955 billion and a P/E ratio of 400.61.
Netflix (NASDAQ:NFLX) last released its earnings data on Monday, July 22nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.09. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts predict that Netflix will post $1.54 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Hanson initiated coverage on shares of Netflix in a research note to investors on Monday. They set a “neutral” rating and a $320.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Netflix from $290.00 to $340.00 in a research note to investors on Monday. Finally, analysts at Brean Capital reiterated a “positive” rating on shares of Netflix in a research note to investors on Monday. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $248.40.
In other Netflix news, Director Leslie J. Kilgore unloaded 2,945 shares of Netflix stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $325.00, for a total transaction of $957,125.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Netflix, Inc (NASDAQ:NFLX), incorporated on August 29, 1997, is an Internet subscription service streaming television shows and movies.
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