Netflix (NASDAQ:NFLX) Stock Rating Reaffirmed as "Market Perform" by Citizens Jmp

Key Points

• Citizens JMP reaffirmed its “Market Perform” rating on Netflix, while the broader analyst consensus remains “Moderate Buy” with an average price target of $91.80.
• Netflix reported quarterly EPS of $0.87, beating the $0.82 consensus estimate, with revenue of $12.87 billion—up 11.9% year over year.
• The stock opened at $68.69, down 1.7%, and remains well below its 12-month high of $124.86; insiders have sold about $13.1 million of shares over the past 90 days.

Netflix (NASDAQ:NFLX - Get Free Report)'s stock had its "market perform" rating reaffirmed by stock analysts at Citizens Jmp in a report released on Wednesday, Benzinga reports.

A number of other research firms have also commented on NFLX. Deutsche Bank Aktiengesellschaft upgraded Netflix from a "hold" rating to a "buy" rating and decreased their price target for the stock from $100.00 to $95.00 in a research report on Tuesday, September 29th. Morgan Stanley cut their price objective on Netflix from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, October 8th. Loop Capital reduced their price objective on Netflix from $115.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Piper Sandler reissued an "overweight" rating and issued a $85.00 price objective (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. Finally, TD Cowen restated a "buy" rating and set a $100.00 target price on shares of Netflix in a report on Monday, October 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $91.80.

Netflix Stock Down 1.7%

NFLX stock opened at $68.69 on Wednesday. Netflix has a twelve month low of $65.08 and a twelve month high of $124.86. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a market cap of $286.02 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. The business's 50-day simple moving average is $74.92 and its 200 day simple moving average is $80.20.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. The firm had revenue of $12.87 billion during the quarter, compared to analyst estimates of $12.87 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share. On average, research analysts anticipate that Netflix will post 3.59 earnings per share for the current year.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 5,723 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total value of $416,920.55. Following the transaction, the insider directly owned 316,100 shares in the company, valued at approximately $23,027,885. This trade represents a 1.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard N. Barton sold 2,160 shares of Netflix stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the completion of the sale, the director directly owned 246 shares of the company's stock, valued at $18,474.60. This trade represents a 89.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 179,045 shares of company stock worth $13,132,194 over the last ninety days. 1.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Netflix

A number of institutional investors and hedge funds have recently made changes to their positions in the company. American Capital Advisory LLC grew its position in shares of Netflix by 0.8% during the 1st quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network's stock worth $1,345,000 after buying an additional 109 shares during the period. CWS Financial Advisors LLC raised its stake in shares of Netflix by 3.2% during the first quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network's stock worth $347,000 after buying an additional 112 shares during the last quarter. Warner Group LLC lifted its holdings in Netflix by 2.2% in the first quarter. Warner Group LLC now owns 5,230 shares of the Internet television network's stock valued at $503,000 after buying an additional 114 shares during the period. Financial Avengers Inc. lifted its holdings in Netflix by 9.8% in the first quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network's stock valued at $124,000 after buying an additional 115 shares during the period. Finally, PAX Financial Group LLC lifted its holdings in Netflix by 2.5% in the first quarter. PAX Financial Group LLC now owns 4,847 shares of the Internet television network's stock valued at $466,000 after buying an additional 116 shares during the period. Institutional investors own 80.93% of the company's stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q3 results exceeded profit expectations: Netflix reported $0.87 in diluted EPS versus roughly $0.82 expected. Revenue rose 12% year over year to $12.87 billion, while net income increased 44% to approximately $3.66 billion and operating margin reached 34.6%. Netflix Q3 earnings results
• Positive Sentiment: Management remains confident in long-term revenue growth: CFO Spencer Neumann said Netflix could deliver double-digit revenue growth into 2027 through pricing, advertising and a broad content slate, even if viewing-hour growth remains modest. Netflix CFO revenue growth outlook
• Positive Sentiment: Content and engagement initiatives are planned: Netflix is targeting stronger U.S. execution and expects upcoming films, series and live programming—including projects involving Brad Pitt, Narnia and NFL games—to improve viewing and membership trends. Netflix content and engagement strategy

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.

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