Twitter, Inc. (NYSE:TWTR)‘s stock had its “sell” rating reissued by equities researchers at Stifel Nicolaus in a research note issued to investors on Sunday, July 30th. They currently have a $12.00 price target on the social networking company’s stock, up from their previous price target of $10.00. Stifel Nicolaus’ price objective suggests a potential downside of 24.62% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. UBS AG reissued a “sell” rating and set a $14.00 price objective (up previously from $12.00) on shares of Twitter in a research report on Friday, April 28th. Drexel Hamilton reissued a “buy” rating on shares of Twitter in a research report on Tuesday, May 2nd. Vetr raised shares of Twitter from a “hold” rating to a “buy” rating and set a $18.35 price objective for the company in a research report on Tuesday, June 6th. OTR Global upgraded shares of Twitter from a “negative” rating to a “mixed” rating in a report on Thursday, July 13th. Finally, MKM Partners restated a “neutral” rating and set a $16.00 target price on shares of Twitter in a report on Tuesday, April 25th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.59.
Twitter (NYSE TWTR) traded up 1.08% during midday trading on Friday, reaching $15.92. The company’s stock had a trading volume of 8,442,542 shares. The firm’s 50-day moving average price is $17.99 and its 200-day moving average price is $16.88. The stock’s market capitalization is $11.67 billion. Twitter has a 52 week low of $14.12 and a 52 week high of $25.25.
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, topping the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $574 million for the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. Twitter’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share. On average, analysts anticipate that Twitter will post $0.34 earnings per share for the current year.
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In related news, insider Robert Kaiden sold 2,815 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $18.37, for a total value of $51,711.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan Clark Williams sold 373,100 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $18.38, for a total value of $6,857,578.00. Following the completion of the sale, the director now directly owns 2,838,269 shares of the company’s stock, valued at approximately $52,167,384.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,337,873 shares of company stock worth $42,520,779. Company insiders own 10.79% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Twitter by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,606,588 shares of the social networking company’s stock worth $28,708,000 after buying an additional 231,878 shares during the period. Renaissance Technologies LLC purchased a new position in Twitter during the second quarter worth about $43,694,000. Parametric Portfolio Associates LLC increased its position in Twitter by 3.4% in the second quarter. Parametric Portfolio Associates LLC now owns 471,374 shares of the social networking company’s stock worth $8,423,000 after buying an additional 15,480 shares during the period. Advisor Group Inc. increased its position in Twitter by 22.5% in the second quarter. Advisor Group Inc. now owns 80,311 shares of the social networking company’s stock worth $1,431,000 after buying an additional 14,748 shares during the period. Finally, Nordea Investment Management AB increased its position in Twitter by 2.3% in the second quarter. Nordea Investment Management AB now owns 19,027 shares of the social networking company’s stock worth $340,000 after buying an additional 422 shares during the period. Institutional investors and hedge funds own 47.02% of the company’s stock.
Twitter Company Profile
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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