In a report released today, Steven Cahall from Wells Fargo maintained a Sell rating on Netflix (NFLX). The company’s shares closed last Tuesday at $375.50, close to its 52-week high of $393.52.
According to TipRanks.com, Cahall is a 4-star analyst with an average return of 2.0% and a 51.9% success rate. Cahall covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and Lions Gate Ent Cl A.
Netflix has an analyst consensus of Moderate Buy, with a price target consensus of $385.21, representing a 4.7% upside. In a report issued on March 23, Needham also assigned a Sell rating to the stock.
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Netflix’s market cap is currently $162.8B and has a P/E ratio of 86.50. The company has a Price to Book ratio of -9.26.
Based on the recent corporate insider activity of 20 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.
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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