Twitter, Inc. (NYSE:TWTR) had its price target lowered by Goldman Sachs Group, Inc. (The) from $22.00 to $20.00 in a research note issued to investors on Friday morning. The firm currently has a buy rating on the social networking company’s stock.

A number of other equities analysts also recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Twitter from $16.00 to $15.00 and set a market perform rating for the company in a research note on Friday, February 10th. Bank of America Corporation dropped their target price on shares of Twitter from $16.00 to $14.50 and set an underperform rating for the company in a research note on Friday, February 10th. Raymond James Financial, Inc. downgraded shares of Twitter from a market perform rating to an underperform rating in a research note on Thursday, February 9th. Canaccord Genuity dropped their target price on shares of Twitter from $18.00 to $15.00 and set a hold rating for the company in a research note on Thursday, February 9th. Finally, Morgan Stanley dropped their target price on shares of Twitter from $13.50 to $10.00 and set an underweight rating for the company in a research note on Thursday, February 9th. Seventeen research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Twitter has an average rating of Hold and an average price target of $16.02.

Twitter (NYSE:TWTR) traded down 2.33% during midday trading on Friday, reaching $16.35. 21,636,195 shares of the company’s stock were exchanged. Twitter has a 1-year low of $13.73 and a 1-year high of $25.25. The stock’s market cap is $11.67 billion. The firm’s 50-day moving average is $17.00 and its 200 day moving average is $18.36.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, February 9th. The social networking company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. Twitter had a negative net margin of 18.06% and a negative return on equity of 4.59%. The company earned $717 million during the quarter, compared to the consensus estimate of $740.17 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The company’s revenue was up .9% on a year-over-year basis. Equities analysts anticipate that Twitter will post $0.32 earnings per share for the current fiscal year.

This article was originally published by Daily Political and is owned by of Daily Political. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright & trademark laws. The legal version of this article can be read at http://www.dailypolitical.com/2017/02/16/twitter-inc-twtr-price-target-cut-to-20-00-by-analysts-at-goldman-sachs-group-inc-the.html.

In other Twitter news, insider Robert Kaiden sold 3,988 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $18.19, for a total value of $72,541.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jack Dorsey acquired 425,998 shares of the firm’s stock in a transaction on Tuesday, February 14th. The stock was bought at an average price of $16.43 per share, for a total transaction of $6,999,147.14. The disclosure for this purchase can be found here. 10.79% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. bought a new position in Twitter during the second quarter valued at approximately $281,000. Lourd Capital LLC increased its position in Twitter by 4.7% in the second quarter. Lourd Capital LLC now owns 11,925 shares of the social networking company’s stock valued at $202,000 after buying an additional 534 shares during the period. Commerzbank Aktiengesellschaft FI increased its position 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 during the period. TRUE Private Wealth Advisors acquired a new position in Twitter during the second quarter valued at approximately $175,000. Finally, Buckingham Asset Management LLC increased its position in Twitter by 1.0% in the second quarter. Buckingham Asset Management LLC now owns 11,780 shares of the social networking company’s stock valued at $199,000 after buying an additional 118 shares during the period. Hedge funds and other institutional investors own 44.45% of the company’s stock.

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

Receive News & Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related companies with MarketBeat.com's FREE daily email newsletter.