Cowen and Company restated their market perform rating on shares of Twitter Inc. (NYSE:TWTR) in a research report released on Tuesday morning. They currently have a $13.00 target price on the social networking company’s stock.
Other equities analysts also recently issued research reports about the company. Vetr upgraded Twitter from a buy rating to a strong-buy rating and set a $20.69 price objective for the company in a report on Monday, August 29th. Loop Capital began coverage on Twitter in a report on Thursday, September 22nd. They issued a hold rating and a $18.00 price objective for the company. They noted that the move was a valuation call. Cantor Fitzgerald reiterated a hold rating and issued a $18.00 price objective on shares of Twitter in a report on Wednesday, September 14th. Jefferies Group reissued a buy rating and issued a $23.00 target price on shares of Twitter in a research note on Tuesday, August 9th. Finally, Axiom Securities reissued a hold rating on shares of Twitter in a research note on Tuesday, September 27th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $19.65.
Twitter (NYSE:TWTR) opened at 23.05 on Tuesday. The firm’s 50-day moving average is $19.62 and its 200-day moving average is $17.15. The stock’s market capitalization is $16.14 billion. Twitter has a 12-month low of $13.73 and a 12-month high of $31.87.
Twitter (NYSE:TWTR) last announced its earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company earned $602 million during the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. Analysts predict that Twitter will post $0.51 EPS for the current fiscal year.
In other Twitter news, insider Adam Messinger sold 52,914 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Kaiden sold 3,604 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $20.06, for a total value of $72,296.24. The disclosure for this sale can be found here. 10.79% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Integrated Investment Consultants LLC boosted its position in shares of Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock worth $113,000 after buying an additional 3,099 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Twitter by 204.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,618 shares of the social networking company’s stock worth $129,000 after buying an additional 5,115 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Twitter during the second quarter worth approximately $152,000. Peapack Gladstone Financial Corp purchased a new position in shares of Twitter during the first quarter worth approximately $169,000. Finally, Hartford Investment Management Co. boosted its position in shares of Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock worth $174,000 after buying an additional 192 shares during the last quarter. 41.87% of the stock is owned by institutional investors and hedge funds.
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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