Somewhat Positive Media Coverage Somewhat Unlikely to Impact Twitter (TWTR) Share Price
News articles about Twitter (NYSE:TWTR) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Twitter earned a news impact score of 0.09 on Accern’s scale. Accern also gave news headlines about the social networking company an impact score of 44.2440237214424 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Was Amazon's $50 Million Football Bet Worth It? (finance.yahoo.com)
- David Einhorn’s Greenlight Capital buys Twitter stake, says shares undervalued vs Facebook (finance.yahoo.com)
- The Project Veritas Twitter Videos Show the Conservative Backlash Against Moderation (finance.yahoo.com)
- Einhorn’s Greenlight Capital Adds Stakes in Brighthouse and Twitter (finance.yahoo.com)
- Greenlight Capital reports net loss of 1.6% (finance.yahoo.com)
TWTR has been the topic of several recent analyst reports. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 price target on the stock in a research note on Monday, October 23rd. Stifel Nicolaus upgraded Twitter from a “sell” rating to a “hold” rating and boosted their price target for the stock from $12.00 to $17.00 in a research note on Thursday, October 26th. Argus upgraded Twitter from a “hold” rating to a “buy” rating and boosted their price target for the stock from $19.71 to $25.00 in a research note on Friday, November 3rd. Citigroup upgraded Twitter from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $19.90 to $20.00 in a research note on Monday, November 6th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $16.00 price objective on shares of Twitter in a research note on Monday, October 23rd. Ten equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $19.62.
Twitter (NYSE:TWTR) last posted its earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $590.00 million during the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share. sell-side analysts forecast that Twitter will post 0.02 EPS for the current fiscal year.
In related news, insider Robert Kaiden sold 1,186 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $24.44, for a total value of $28,985.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $18.19, for a total value of $272,850.00. The disclosure for this sale can be found here. Insiders have sold 5,335,712 shares of company stock valued at $113,614,151 over the last ninety days. Corporate insiders own 9.18% of the company’s stock.
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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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