Twitter’s (TWTR) “Neutral” Rating Reiterated at SunTrust Banks Inc.
SunTrust Banks Inc. reissued their neutral rating on shares of Twitter Inc. (NYSE:TWTR) in a research report report published on Wednesday morning. The firm currently has a $18.00 target price on the social networking company’s stock.
A number of other analysts have also commented on the company. Canaccord Genuity reiterated a buy rating on shares of Twitter in a report on Sunday, September 25th. Vetr upgraded Twitter from a buy rating to a strong-buy rating and set a $22.10 price target on the stock in a report on Monday, September 5th. Jefferies Group reiterated a buy rating and set a $23.00 price target on shares of Twitter in a report on Monday, August 22nd. Evercore ISI downgraded Twitter from a hold rating to a sell rating and decreased their target price for the stock from $18.00 to $17.00 in a research report on Thursday, August 18th. Finally, Zacks Investment Research downgraded Twitter from a hold rating to a sell rating in a research report on Wednesday, July 20th. Thirteen research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The stock 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 capitalization is $13.90 billion. Twitter has a 52-week low of $13.73 and a 52-week high of $31.87. The stock’s 50 day moving average price is $19.97 and its 200-day moving average price is $17.35.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The business had revenue of $602 million for the quarter, compared to analyst estimates of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. Twitter’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the company posted $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 news, insider Robert Kaiden sold 3,604 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $20.06, for a total transaction of $72,296.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Messinger sold 52,914 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were 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 hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its position in shares of Twitter by 24.1% in the third quarter. Advisory Services Network LLC now owns 4,890 shares of the social networking company’s stock worth $113,000 after buying an additional 950 shares during the last quarter. Integrated Investment Consultants LLC raised its position in shares of Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock worth $113,000 after buying an additional 3,099 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of 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 worth $129,000 after buying an additional 5,115 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Twitter during the second quarter worth $152,000. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of Twitter during the first quarter worth $169,000. Hedge funds and other institutional investors own 41.87% of the company’s stock.
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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