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Analysts Debate Owning Netflix (NFLX) Stock on CNBC

NEW YORK (TheStreet) -- Gerber Kawasaki CEO Ross Gerber and FBR Capital Markets analyst Barton Crockett appeared on CNBC's "Closing Bell" on Thursday to debate whether Netflix (NFLX) is a smart buy right now.

Recent insider buying and the stock being down by 15% this year could both be signs that better times are on the horizon for Netflix, CNBC's Bill Griffeth noted.

The 15% pullback this year is a result of the stock's strong performance last year when it was the best performer in the S&P 500, Gerber said.

"You see it all the time - everybody just looking at short-term performance. When you have a 150% year of course you're going to take time to consolidate here before you move to a new level," he explained.

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The stock has also held on to its $95 range "pretty solidly" even when earnings dipped, he...