Needham & Company LLC Reaffirms “Buy” Rating for Netflix (NASDAQ:NFLX)

Netflix (NASDAQ:NFLX)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research note issued on Tuesday, MarketBeat.com reports. They currently have a $150.00 target price on the Internet television network’s stock. Needham & Company LLC’s price target would indicate a potential upside of 61.79% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. TD Cowen decreased their price objective on shares of Netflix from $145.00 to $142.50 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Guggenheim restated a “buy” rating and issued a $145.00 price target on shares of Netflix in a research note on Wednesday, October 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price target (down from $150.00) on shares of Netflix in a report on Wednesday, October 22nd. The Goldman Sachs Group dropped their price objective on Netflix from $131.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Finally, Cowen restated a “buy” rating on shares of Netflix in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $131.31.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $92.71 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $392.84 billion, a price-to-earnings ratio of 38.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.71. The stock’s 50-day moving average is $111.43 and its two-hundred day moving average is $118.63. Netflix has a 1-year low of $82.11 and a 1-year high of $134.12.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, beating the consensus estimate of $0.69 by $5.18. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $11.52 billion. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s revenue was up 17.2% compared to the same quarter last year. Netflix has set its Q4 2025 guidance at 5.450-5.450 EPS. Analysts forecast that Netflix will post 24.58 EPS for the current fiscal year.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 20,270 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $109.21, for a total value of $2,213,646.16. Following the completion of the sale, the chief executive officer directly owned 151,680 shares of the company’s stock, valued at approximately $16,564,669.44. This represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $117.25, for a total transaction of $3,048,526.00. Following the transaction, the chief financial officer owned 36,910 shares in the company, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,619,840 shares of company stock worth $181,648,613 over the last ninety days. 1.37% of the stock is owned by corporate insiders.

Institutional Trading of Netflix

A number of large investors have recently bought and sold shares of the business. Imprint Wealth LLC acquired a new stake in shares of Netflix during the third quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in Netflix during the 2nd quarter valued at approximately $31,000. Retirement Wealth Solutions LLC acquired a new stake in Netflix during the 3rd quarter worth approximately $28,000. Stephens Consulting LLC grew its stake in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 15 shares during the last quarter. Finally, Rossby Financial LCC purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.