OTR Global reaffirmed their negative rating on shares of Twitter Inc. (NYSE:TWTR) in a research report sent to investors on Wednesday morning.

A number of other research firms have also recently commented on TWTR. RBC Capital Markets reissued a sector perform rating and set a $20.00 price target on shares of Twitter in a report on Tuesday, July 26th. Deutsche Bank AG reaffirmed a buy rating and issued a $22.00 target price on shares of Twitter in a report on Wednesday, October 12th. Evercore ISI reaffirmed a hold rating and issued a $17.00 target price on shares of Twitter in a report on Saturday, October 29th. Cantor Fitzgerald cut Twitter from a buy rating to a hold rating in a report on Wednesday, July 27th. Finally, Pacific Crest reaffirmed a hold rating on shares of Twitter in a report on Wednesday, July 27th. Ten investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $18.43.

Twitter (NYSE:TWTR) opened at 18.30 on Wednesday. The company’s market cap is $12.96 billion. Twitter has a one year low of $13.73 and a one year high of $26.25. The firm’s 50-day moving average price is $17.97 and its 200-day moving average price is $17.85.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 27th. The social networking company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.28. Twitter had a negative return on equity of 5.18% and a negative net margin of 15.06%. The company earned $616 million during the quarter, compared to analysts’ expectations of $606.40 million. During the same quarter in the previous year, the firm earned $0.10 EPS. Twitter’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that Twitter will post $0.52 earnings per share for the current fiscal year.

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In other news, insider Robert Kaiden sold 5,808 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $17.99, for a total value of $104,485.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Messinger sold 52,187 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $17.58, for a total value of $917,447.46. The disclosure for this sale can be found here. 10.79% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of TWTR. Polar Capital LLP raised its stake in Twitter by 0.5% in the second quarter. Polar Capital LLP now owns 1,081,124 shares of the social networking company’s stock valued at $18,270,000 after buying an additional 5,831 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Twitter by 307.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,886,736 shares of the social networking company’s stock valued at $48,815,000 after buying an additional 2,177,825 shares in the last quarter. Swiss National Bank raised its stake in Twitter by 3.7% in the second quarter. Swiss National Bank now owns 1,564,600 shares of the social networking company’s stock valued at $26,457,000 after buying an additional 56,500 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Twitter by 21.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 901,244 shares of the social networking company’s stock valued at $15,240,000 after buying an additional 158,309 shares in the last quarter. Finally, ING Groep NV raised its stake in Twitter by 12.2% in the second quarter. ING Groep NV now owns 324,421 shares of the social networking company’s stock valued at $5,479,000 after buying an additional 35,385 shares in the last quarter. 44.28% of the stock is owned by hedge funds and other institutional investors.

About Twitter

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.

5 Day Chart for NYSE:TWTR

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