Netflix (NFLX): Price Target and June Short Interest Disclosure

Netflix (NFLX) : Average target price received by Netflix (NFLX) is $119.3 with an expected standard deviation of $25.24. The most aggressive target on the stock is $146, whereas the most downbeat target is $45. 27 financial analysts are currently covering the stock.

Netflix (NFLX), A drop of 2,410,101 shares or 6.6% was seen in the short interest of Netflix, Inc.. Even as the interest dropped from 36,389,827 shares on June 15,2016 to 33,979,726 shares on June 30,2016, the days to cover came in at 3. The updated interest stood at 8.2% of the stocks floats. The stock has seen an average daily volume of 10,680,568 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Jefferies downgrades its rating on Netflix (NASDAQ:NFLX). The global brokerage major lowers the current price target from $120 per share to $80 per share. Analysts at the Jefferies have a current rating of Underperform on the shares. The shares were previously rated Hold. The rating by the firm was issued on July 6, 2016.


Netflix (NASDAQ:NFLX): stock turned positive on Thursday. Though the stock opened at $97, the bulls momentum made the stock top out at $98.27 level for the day. The stock recorded a low of $96.8 and closed the trading day at $98.02, in the green by 1.65%. The total traded volume for the day was 9,885,009. The stock had closed at $96.43 in the previous days trading.

Netflix, Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States, its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.