Netflix Receives Average Rating of “Hold” from Analysts (NASDAQ:NFLX)
Netflix (NASDAQ:NFLX) has received a consensus rating of “Hold” from the forty-four analysts that are currently covering the stock, Analyst Ratings.Net reports. Four analysts have rated the stock with a sell rating, twenty-three have given a hold rating and fifteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $349.77.
A number of research firms have recently commented on NFLX. Analysts at UBS AG initiated coverage on shares of Netflix in a research note on Friday, February 7th. They set a “buy” rating and a $475.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. They now have a $475.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating in a research note on Friday, January 31st.
In other Netflix news, Director Leslie Kilgore unloaded 1,000 shares of the stock on the open market in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $425.00, for a total value of $425,000.00. Following the completion of the transaction, the director now directly owns 12,028 shares in the company, valued at approximately $5,111,900. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Netflix (NASDAQ:NFLX) traded down 0.24% on Friday, hitting $435.52. The stock had a trading volume of 502,229 shares. Netflix has a 52-week low of $159.00 and a 52-week high of $439.49. The stock’s 50-day moving average is $376.5 and its 200-day moving average is $330.3. The company has a market cap of $26.047 billion and a P/E ratio of 235.85.
Netflix (NASDAQ:NFLX) last released its earnings data on Wednesday, January 22nd. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.14. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $0.13 earnings per share. Netflix’s revenue was up 24.3% compared to the same quarter last year. Analysts expect that Netflix will post $4.06 EPS for the current fiscal year.
Netflix, Inc is an Internet television network with more than 33 million members in over 40 countries.
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