Monness analyst Brian White maintained a Buy rating on Netflix (NFLX) today and set a price target of $500.00. The company’s shares closed last Thursday at $507.76, close to its 52-week high of $510.00.
According to TipRanks.com, White is a top 25 analyst with an average return of 29.5% and a 78.3% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Salesforce.
Netflix has an analyst consensus of Moderate Buy, with a price target consensus of $481.87, a -5.2% downside from current levels. In a report issued on June 30, Cowen & Co. also maintained a Buy rating on the stock with a $535.00 price target.
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The company has a one-year high of $510.00 and a one-year low of $252.28. Currently, Netflix has an average volume of 7.39M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NFLX in relation to earlier this year. Earlier this month, Gregory K. Peters, the CPO of NFLX sold 5,357 shares for a total of $2,544,575.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Netflix, Inc. is a streaming entertainment service company, which provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting solely of streaming content to its members in the United States. The International Streaming segment includes fees from members outside the United States. The Domestic DVD segment covers revenues from services consisting solely of DVD-by-mail. The company was founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997 and is headquartered in Los Gatos, CA.
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