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Netflix (NASDAQ:NFLX) Lifted to Buy at Zacks Investment Research

17 April 2018

Netflix has surged 35 percent since its previous quarterly report on January 22, making it one of Wall Street's best performers as the S&P 500 has slipped into correction territory and investors worry a nine-year bull market may be ending. Outside of the United States, membership grew by 5.46m (vs. forecast of 4.90m).

Global Google searches for Netflix in the first quarter rose 32 percent year over year, slightly more than the 26 percent increase in the prior quarter, suggesting solid growth but no big upside surprise, wrote B. Riley FBR analyst Barton Crockett in a note to clients. The company is estimating to achieve earnings per share (EPS) growth of 235.50% in this year and the earnings per share (EPS) growth expected to be 57.76% in the next year. Netflix had a net margin of 4.78% and a return on equity of 17.20%.

The company's Average Revenue Estimate for the current quarter is $3.89 Billion, while Low and High Revenue Estimates are $3.77 Billion and $4 Billion respectively. During the same period in the previous year, the business earned $0.15 earnings per share.

Revenue grew 43% year over year in Q1, the fastest pace in the history of our streaming business, due to a 25% increase in average paid streaming memberships and a 14% rise in ASP. Netflix stock has continued to demolish records since, setting new highs in dozens of sessions in February, March and April. Raymond James Financial boosted their target price on Netflix from $290.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 10th. Finally, Canaccord Genuity reaffirmed a "buy" rating and set a $140.00 price objective on shares of Netflix in a report on Wednesday, December 21st.

In terms of performance, shares of Netflix, Inc. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company.

In 2014 a private company spent $12.8 million to fix up the property and opened a theme park on the grounds, but the estate itself sits abandoned, having been repeatedly ransacked. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. For example, a 20-period moving average is the average of the closing prices for the past 20 periods, including the current period. On Monday, November 16 the stock rating was maintained by Topeka Capital Markets with "Buy". The disclosure for this sale can be found here.

A number of institutional investors have recently added to or reduced their stakes in NFLX.

Earlier this month, Netflix pulled out of the Cannes film festival in a dispute over rules for French media releases.

Therefore, I have examined how Netflix share prices have historically reacted to each of the above ER metrics, underlying tech sector returns, and NFLX mispricing. Following the transaction, the insider now owns 972 shares in the company, valued at approximately $218,816.64. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Netflix during the fourth quarter valued at $653,000. (NASDAQ:NFLX) shares have been seen trading 3.31% away from the 20-day moving average. About 11.73 million shares traded. A company with a lower ratio, on the other hand, is usually an indication of poor current and future performance. The company has a market capitalization of $135,240.03, a price-to-earnings ratio of 249.32, a P/E/G ratio of 4.27 and a beta of 0.99.

Meanwhile, the company has average true range (ATR) of up to 12.24, which is a high-low trend in the stock market.

Netflix (NASDAQ:NFLX)'s stock had its "hold" rating reissued by equities researchers at Aegis in a report issued on Monday. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & worldwide copyright legislation. They use historic price data to observe stock price patterns to predict the direction of that price going forward.

Netflix (NASDAQ:NFLX) Lifted to Buy at Zacks Investment Research