Mizuho Initiates Coverage on Twitter, Inc. (TWTR)
Equities research analysts at Mizuho started coverage on shares of Twitter, Inc. (NYSE:TWTR) in a research report issued on Monday. The brokerage set an “underperform” rating on the social networking company’s stock.
Other analysts have also recently issued research reports about the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Twitter in a research note on Tuesday, April 18th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Twitter in a research note on Saturday, June 3rd. Barclays PLC reaffirmed a “sell” rating and set a $16.00 target price on shares of Twitter in a research note on Friday, July 28th. Wedbush reaffirmed a “neutral” rating and set a $14.00 target price (up previously from $13.00) on shares of Twitter in a research note on Wednesday, April 26th. Finally, Pivotal Research reaffirmed a “hold” rating and set a $17.00 target price (up previously from $15.00) on shares of Twitter in a research note on Monday, July 17th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.50.
Twitter (NYSE TWTR) traded up 0.68% during midday trading on Monday, reaching $16.40. The company had a trading volume of 9,100,043 shares. The stock’s 50 day moving average is $18.23 and its 200 day moving average is $16.92. The company’s market capitalization is $11.97 billion. Twitter has a one year low of $14.12 and a one year high of $25.25.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $574 million for the quarter, compared to analysts’ expectations of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. Equities research analysts forecast that Twitter will post $0.34 earnings per share for the current fiscal year.
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In other news, Director Evan Clark Williams sold 853,700 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the completion of the transaction, the director now directly owns 2,735,038 shares of the company’s stock, valued at approximately $53,005,036.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $17.46, for a total transaction of $261,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,749,473 shares of company stock valued at $50,829,693 over the last three months. Insiders own 9.18% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its stake in shares of Twitter by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 814,894 shares of the social networking company’s stock worth $13,283,000 after buying an additional 19,411 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Twitter by 22.0% in the first quarter. Raymond James Trust N.A. now owns 16,304 shares of the social networking company’s stock worth $243,000 after buying an additional 2,936 shares during the last quarter. Douglass Winthrop Advisors LLC acquired a new stake in shares of Twitter during the first quarter worth approximately $404,000. Gulf International Bank UK Ltd boosted its stake in shares of Twitter by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 174,487 shares of the social networking company’s stock worth $2,608,000 after buying an additional 2,800 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in shares of Twitter by 18.5% in the first quarter. Capstone Asset Management Co. now owns 16,680 shares of the social networking company’s stock worth $249,000 after buying an additional 2,600 shares during the last quarter. Institutional investors own 47.02% of the company’s stock.
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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