Canaccord Genuity reiterated their hold rating on shares of Twitter Inc. (NYSE:TWTR) in a research note issued to investors on Wednesday morning. They currently have a $16.00 price objective on the social networking company’s stock.
Several other research analysts also recently weighed in on the stock. Deutsche Bank AG restated a buy rating and set a $22.00 price target on shares of Twitter in a research report on Wednesday, October 12th. SunTrust Banks Inc. reiterated a hold rating and issued a $18.00 price objective on shares of Twitter in a report on Wednesday, October 12th. Evercore ISI upgraded shares of Twitter from a sell rating to a hold rating and set a $17.00 price objective for the company in a report on Tuesday, October 11th. Monness Crespi & Hardt reiterated a neutral rating on shares of Twitter in a report on Monday, October 10th. Finally, Loop Capital reiterated a sell rating and issued a $18.00 price objective on shares of Twitter in a report on Saturday, October 8th. Twelve research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Twitter has a consensus rating of Hold and an average price target of $19.42.
Twitter (NYSE:TWTR) opened at 16.88 on Wednesday. The firm’s 50 day moving average price is $19.84 and its 200 day moving average price is $17.40. The stock’s market cap is $11.82 billion. Twitter has a 12 month low of $13.73 and a 12 month high of $31.87.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The firm earned $602 million during the quarter, compared to the consensus estimate of $606.37 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities research analysts predict that Twitter will post $0.51 EPS for the current fiscal year.
In other news, insider Adam Messinger sold 52,914 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $16.76, for a total value of $886,838.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Kaiden sold 13,231 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $17.87, for a total transaction of $236,437.97. The disclosure for this sale can be found here. 10.79% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in TWTR. Vanguard Group Inc. raised its stake in Twitter by 36.5% in the second quarter. Vanguard Group Inc. now owns 33,938,829 shares of the social networking company’s stock valued at $573,906,000 after buying an additional 9,067,613 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Twitter by 3.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 14,720,526 shares of the social networking company’s stock valued at $248,924,000 after buying an additional 500,681 shares during the period. State Street Corp increased its position in shares of Twitter by 3.5% in the first quarter. State Street Corp now owns 9,367,582 shares of the social networking company’s stock valued at $155,031,000 after buying an additional 317,209 shares during the period. First Trust Advisors LP increased its position in shares of Twitter by 17.7% in the second quarter. First Trust Advisors LP now owns 5,249,841 shares of the social networking company’s stock valued at $88,775,000 after buying an additional 787,807 shares during the period. Finally, Amerigo Asset Management purchased a new position in shares of Twitter during the third quarter valued at $100,874,000. 41.84% of the stock is owned by institutional investors.
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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