Netflix (NFLX) Receives a New Rating from a Top Analyst

By Jason Carr

Needham analyst Laura Martin assigned a Sell rating to Netflix (NFLXResearch Report) today. The company’s shares closed last Tuesday at $549.57.

According to TipRanks.com, Martin is a top 100 analyst with an average return of 29.5% and a 65.3% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and CuriosityStream.

Currently, the analyst consensus on Netflix is a Moderate Buy with an average price target of $588.84, a 6.2% upside from current levels. In a report issued on April 9, Benchmark Co. also maintained a Sell rating on the stock with a $472.00 price target.

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The company has a one-year high of $593.29 and a one-year low of $393.60. Currently, Netflix has an average volume of 4.03M.

Based on the recent corporate insider activity of 44 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 subscription-based streaming service through which members can view TV shows, documentaries and movies on any internet-connected device. The company also offers its DVD-by-mail service in the United States. Founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997, Netflix is headquartered in Los Gatos, CA.