Netflix (NFLX) Receives a Hold from Stifel Nicolaus

In a report released today, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Netflix (NFLXResearch Report), with a price target of $550.00. The company’s shares closed last Thursday at $553.45.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 34.6% and a 71.2% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Alphabet Class A.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netflix with a $618.88 average price target.

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The company has a one-year high of $593.29 and a one-year low of $363.03. Currently, Netflix has an average volume of 4.65M.

Based on the recent corporate insider activity of 47 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.

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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.