Citigroup Inc. reissued their neutral rating on shares of Twitter Inc. (NYSE:TWTR) in a research report sent to investors on Monday. The brokerage currently has a $16.00 price target on the social networking company’s stock.
TWTR has been the subject of a number of other research reports. Canaccord Genuity restated a buy rating and issued a $20.00 price target on shares of Twitter in a research report on Monday, July 11th. Deutsche Bank AG restated a buy rating and issued a $23.00 price target on shares of Twitter in a research report on Tuesday, July 19th. SunTrust Banks Inc. restated a buy rating and issued a $18.00 price target on shares of Twitter in a research report on Tuesday, May 31st. Vetr upgraded Twitter from a buy rating to a strong-buy rating and set a $20.69 price target for the company in a research report on Monday, August 29th. Finally, Standpoint Research cut Twitter from a buy rating to a reduce rating in a research report on Monday. Eleven investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $19.59.
Twitter (NYSE:TWTR) opened at 23.37 on Monday. The firm’s market cap is $16.36 billion. The firm has a 50-day moving average of $19.14 and a 200-day moving average of $16.97. Twitter has a 52-week low of $13.73 and a 52-week high of $31.87.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The firm earned $602 million during the quarter, compared to analysts’ expectations of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. Twitter’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. Equities analysts anticipate that Twitter will post $0.51 EPS for the current year.
In other news, CAO Robert Kaiden sold 12,990 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $217,712.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Messinger sold 52,914 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The disclosure for this sale can be found here. Insiders own 10.79% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of 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. Norges Bank acquired a new stake in shares of Twitter during the fourth quarter valued at $78,597,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of Twitter by 307.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,886,736 shares of the social networking company’s stock valued at $48,815,000 after buying an additional 2,177,825 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of Twitter during the second quarter valued at $22,334,000. Finally, Contrarius Investment Management Ltd increased its stake in shares of Twitter by 25.6% in the second quarter. Contrarius Investment Management Ltd now owns 4,147,508 shares of the social networking company’s stock valued at $70,134,000 after buying an additional 844,273 shares during the last quarter. 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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