Twitter Inc. (TWTR) Lifted to “Hold” at TheStreet
Several other research analysts have also recently issued reports on the stock. SunTrust Banks Inc. restated a neutral rating and issued a $18.00 target price on shares of Twitter in a report on Wednesday, October 5th. Susquehanna restated a neutral rating and issued a $15.00 target price on shares of Twitter in a report on Wednesday, October 5th. Vetr cut shares of Twitter from a hold rating to a sell rating and set a $23.06 target price on the stock. in a report on Tuesday, October 4th. Morgan Stanley restated a sell rating on shares of Twitter in a report on Thursday, September 29th. Finally, Loop Capital cut shares of Twitter from a hold rating to a sell rating and set a $18.00 target price on the stock. in a report on Wednesday, September 28th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $19.66.
Shares of Twitter (NYSE:TWTR) opened at 19.85 on Wednesday. The company’s market cap is $13.90 billion. The firm’s 50-day moving average is $19.97 and its 200-day moving average is $17.35. Twitter has a 52 week low of $13.73 and a 52 week high of $31.87.
Twitter (NYSE:TWTR) last issued its earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The firm had revenue of $602 million for the quarter, compared to analysts’ expectations of $606.37 million. During the same quarter last year, the business earned $0.07 earnings per share. The business’s revenue was up 19.9% on a year-over-year basis. Equities research analysts predict that Twitter will post $0.51 earnings per share for the current year.
In other news, CAO Robert Kaiden sold 12,990 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $217,712.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Messinger sold 52,914 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The disclosure for this sale can be found here. 10.79% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of TWTR. Aperio Group LLC increased its position in Twitter by 100.9% in the first quarter. Aperio Group LLC now owns 97,709 shares of the social networking company’s stock worth $1,617,000 after buying an additional 49,075 shares during the last quarter. Ngam Advisors L.P. increased its position in Twitter by 106.8% in the first quarter. Ngam Advisors L.P. now owns 266,730 shares of the social networking company’s stock worth $4,414,000 after buying an additional 137,743 shares during the last quarter. BlackRock Japan Co. Ltd increased its position in Twitter by 1.1% in the first quarter. BlackRock Japan Co. Ltd now owns 735,230 shares of the social networking company’s stock worth $12,168,000 after buying an additional 7,709 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in Twitter during the first quarter worth about $169,000. Finally, Algebris Investments UK LLP purchased a new position in Twitter during the first quarter worth about $190,000. 41.87% of the stock is currently owned by institutional investors and hedge funds.
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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