Barclays PLC reissued their sell rating on shares of Twitter, Inc. (NYSE:TWTR) in a research report released on Friday, July 28th. Barclays PLC currently has a $16.00 target price on the social networking company’s stock.
A number of other analysts also recently issued reports on the company. Aegis reaffirmed a sell rating and issued a $12.00 target price on shares of Twitter in a research note on Thursday, April 13th. Zacks Investment Research raised Twitter from a hold rating to a buy rating and set a $20.00 target price for the company in a research note on Tuesday, June 27th. Wells Fargo & Company reaffirmed a hold rating and issued a $14.50 target price on shares of Twitter in a research note on Friday, May 12th. BidaskClub downgraded Twitter from a hold rating to a sell rating in a research note on Friday, June 16th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $20.00 target price on shares of Twitter in a research note on Friday, April 28th. Sixteen research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $15.57.
Twitter (NYSE:TWTR) traded down 1.52% during midday trading on Friday, hitting $16.15. 12,127,457 shares of the stock traded hands. The company’s 50 day moving average price is $18.17 and its 200 day moving average price is $16.90. Twitter has a 12 month low of $14.12 and a 12 month high of $25.25. The firm’s market cap is $11.79 billion.
Twitter (NYSE:TWTR) last announced its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm had revenue of $574 million for the quarter, compared to analyst estimates of $536.63 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue was down 4.7% on a year-over-year basis. Equities research analysts predict that Twitter will post $0.34 earnings per share for the current fiscal year.
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In other Twitter news, insider Robert Kaiden sold 7,775 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $16.28, for a total transaction of $126,577.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 853,700 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $19.38, for a total value of $16,544,706.00. Following the sale, the director now owns 2,735,038 shares in the company, valued at $53,005,036.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,749,473 shares of company stock worth $50,829,693. 9.18% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC boosted its position in Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock worth $105,000 after buying an additional 875 shares during the period. Advisory Services Network LLC bought a new position in Twitter during the first quarter worth $107,000. Nicolet Bankshares Inc. boosted its position in Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock worth $117,000 after buying an additional 5,434 shares during the period. Westside Investment Management Inc. boosted its position in Twitter by 46.0% in the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock worth $152,000 after buying an additional 3,295 shares during the period. Finally, TRUE Private Wealth Advisors bought a new position in Twitter during the first quarter worth $153,000. 47.02% of the stock is owned by institutional investors.
About Twitter
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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