JPMorgan Chase & Co. reissued their neutral rating on shares of Twitter, Inc. (NYSE:TWTR) in a research report sent to investors on Saturday, July 22nd. The firm currently has a $15.00 price target on the social networking company’s stock.
Several other analysts have also weighed in on the company. Vetr raised Twitter from a buy rating to a strong-buy rating and set a $19.17 price objective on the stock in a report on Monday, June 12th. Zacks Investment Research raised Twitter from a hold rating to a strong-buy rating and set a $18.00 price objective on the stock in a report on Friday, April 28th. Aegis reaffirmed a sell rating and issued a $12.00 price target on shares of Twitter in a research note on Thursday, April 13th. Barclays PLC reaffirmed an underweight rating and issued a $14.00 price target on shares of Twitter in a research note on Monday, April 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $20.00 price target on shares of Twitter in a research note on Friday, April 28th. Sixteen analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $15.59.
Twitter (TWTR) opened at 15.92 on Friday. The stock’s market capitalization is $11.67 billion. The stock’s 50 day moving average price is $17.99 and its 200 day moving average price is $16.88. Twitter has a 1-year low of $14.12 and a 1-year high of $25.25.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The company had revenue of $574 million for the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. Equities research analysts forecast that Twitter will post $0.34 earnings per share for the current year.
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In related news, insider Robert Kaiden sold 4,725 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $16.06, for a total transaction of $75,883.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 373,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were 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 owns 2,838,269 shares in the company, valued at approximately $52,167,384.22. The disclosure for this sale can be found here. Insiders have sold 2,337,873 shares of company stock valued at $42,520,779 over the last three months. Insiders own 10.79% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake 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 valued at $28,708,000 after buying an additional 231,878 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Twitter during the second quarter valued at about $43,694,000. Parametric Portfolio Associates LLC raised its stake 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 valued at $8,423,000 after buying an additional 15,480 shares in the last quarter. Advisor Group Inc. raised its stake in Twitter by 22.5% in the second quarter. Advisor Group Inc. now owns 80,311 shares of the social networking company’s stock valued at $1,431,000 after buying an additional 14,748 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake 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 valued at $340,000 after buying an additional 422 shares in the last quarter. Hedge funds and other institutional investors 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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