Twitter Inc. (TWTR) Stock Rating Lowered by Mizuho
Mizuho lowered shares of Twitter Inc. (NYSE:TWTR) from a neutral rating to an underperform rating in a report released on Wednesday morning. They currently have $15.00 target price on the social networking company’s stock.
Other equities analysts also recently issued research reports about the company. Cantor Fitzgerald reaffirmed a buy rating on shares of Twitter in a research report on Saturday, June 4th. Deutsche Bank AG reaffirmed a buy rating on shares of Twitter in a research report on Sunday, July 10th. MKM Partners set a $18.50 target price on Twitter and gave the company a hold rating in a research report on Sunday, September 4th. Nomura decreased their target price on Twitter from $16.00 to $13.00 and set a neutral rating on the stock in a research report on Wednesday, July 27th. Finally, Wedbush reaffirmed a neutral rating and issued a $14.00 target price (down previously from $20.00) on shares of Twitter in a research report on Monday, July 25th. Fourteen equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $19.65.
Twitter (NYSE:TWTR) opened at 24.00 on Wednesday. The firm has a 50-day moving average price of $19.75 and a 200 day moving average price of $17.21. The company’s market cap is $16.81 billion. Twitter has a 12 month low of $13.73 and a 12 month high of $31.87.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $602 million for the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The business’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, equities analysts expect that Twitter will post $0.51 earnings per share for the current year.
In other Twitter news, insider Robert Kaiden sold 13,231 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $17.87, for a total value of $236,437.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Messinger sold 52,914 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $886,838.64. The disclosure for this sale can be found here. Insiders own 10.79% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Integrated Investment Consultants LLC increased its stake in Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock valued at $113,000 after buying an additional 3,099 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in Twitter by 204.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,618 shares of the social networking company’s stock valued at $129,000 after buying an additional 5,115 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Twitter during the second quarter valued at $152,000. Peapack Gladstone Financial Corp acquired a new stake in Twitter during the first quarter valued at $169,000. Finally, Hartford Investment Management Co. increased its stake in Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock valued at $174,000 after buying an additional 192 shares in the last quarter. 41.87% of the stock is owned by institutional investors and hedge funds.
Twitter Company Profile
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.
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