Loop Capital started coverage on shares of Twitter Inc. (NYSE:TWTR) in a research note issued to investors on Thursday morning. The firm issued a hold rating and a $18.00 target price on the social networking company’s stock. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently weighed in on TWTR. Cantor Fitzgerald reissued a buy rating on shares of Twitter in a report on Saturday, June 4th. Deutsche Bank AG reissued a buy rating on shares of Twitter in a report on Sunday, July 10th. MKM Partners set a $18.50 target price on Twitter and gave the stock a hold rating in a report on Sunday, September 4th. Nomura dropped their target price on Twitter from $16.00 to $13.00 and set a neutral rating for the company in a report on Wednesday, July 27th. Finally, Wedbush reissued a neutral rating and set a $14.00 target price (down previously from $20.00) on shares of Twitter in a report on Monday, July 25th. Twelve analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $19.61.
Shares of Twitter (NYSE:TWTR) opened at 23.72 on Thursday. The firm has a 50-day moving average of $19.29 and a 200-day moving average of $17.02. The firm’s market capitalization is $16.61 billion. Twitter has a 1-year low of $13.73 and a 1-year high of $31.87.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The business earned $602 million during the quarter, compared to the consensus estimate of $606.37 million. During the same quarter last year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 19.9% on a year-over-year basis. On average, equities research analysts anticipate 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 dated Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $886,838.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Robert Kaiden sold 12,990 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $16.76, for a total value of $217,712.40. The disclosure for this sale can be found here. Insiders own 10.79% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Botty Investors LLC raised its position in shares of Twitter by 2.3% in the first quarter. Botty Investors LLC now owns 53,211 shares of the social networking company’s stock valued at $881,000 after buying an additional 1,198 shares during the period. Peapack Gladstone Financial Corp bought a new position in Twitter during the first quarter valued at about $169,000. BlackRock Japan Co. Ltd raised its position in Twitter by 1.1% in the first quarter. BlackRock Japan Co. Ltd now owns 735,230 shares of the social networking company’s stock valued at $12,168,000 after buying an additional 7,709 shares during the last quarter. Wrapmanager Inc. raised its position in Twitter by 97.3% in the first quarter. Wrapmanager Inc. now owns 32,607 shares of the social networking company’s stock valued at $540,000 after buying an additional 16,081 shares during the last quarter. Finally, Ngam Advisors L.P. raised its position in Twitter by 106.8% in the first quarter. Ngam Advisors L.P. now owns 266,730 shares of the social networking company’s stock valued at $4,414,000 after buying an additional 137,743 shares during the last quarter. Hedge funds and other institutional investors own 41.87% of the company’s stock.
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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