Twitter Inc. (NYSE:TWTR) Receives Average Recommendation of “Hold” from Analysts
Shares of Twitter Inc. (NYSE:TWTR) have received an average rating of “Hold” from the forty-eight analysts that are covering the company. Thirteen investment analysts have rated the stock with a sell recommendation, twenty-six have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $18.67.
Several research analysts recently commented on the company. Mizuho cut Twitter from a “neutral” rating to an “underperform” rating and set a $15.00 target price for the company. in a research report on Wednesday. Nomura reissued a “neutral” rating and set a $13.00 price objective on shares of Twitter in a report on Wednesday. Loop Capital cut Twitter from a “hold” rating to a “sell” rating and set a $18.00 price objective for the company. in a report on Wednesday. Citigroup Inc. reissued a “neutral” rating and set a $16.00 price objective on shares of Twitter in a report on Monday. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $17.00 price objective on shares of Twitter in a report on Tuesday.
In other news, insider Adam Messinger sold 52,914 shares of the 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 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 dated 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 company insiders.
Large investors have recently modified their holdings of the stock. Maryland Capital Management boosted its stake in shares of Twitter by 31.4% in the first quarter. Maryland Capital Management now owns 555,182 shares of the social networking company’s stock valued at $9,188,000 after buying an additional 132,661 shares during the last quarter. Algebris Investments UK LLP acquired a new stake in Twitter during the first quarter valued at approximately $190,000. Contrarius Investment Management Ltd boosted its stake in Twitter by 6.3% in the first quarter. Contrarius Investment Management Ltd now owns 3,303,235 shares of the social networking company’s stock valued at $54,669,000 after buying an additional 197,064 shares in the last quarter. Marcus Capital LLC boosted its stake in Twitter by 319.3% in the first quarter. Marcus Capital LLC now owns 98,750 shares of the social networking company’s stock valued at $1,634,000 after buying an additional 75,200 shares in the last quarter. Finally, Botty Investors LLC boosted its stake in Twitter by 2.3% in the first quarter. Botty Investors LLC now owns 53,211 shares of the social networking company’s stock valued at $881,000 after buying an additional 1,198 shares in the last quarter. 41.87% of the stock is owned by institutional investors.
Shares of Twitter (NYSE:TWTR) traded down 3.5299% during midday trading on Wednesday, reaching $22.8827. 30,544,144 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $19.29 and a 200-day moving average of $17.02. The company’s market capitalization is $16.02 billion. Twitter has a 1-year low of $13.73 and a 1-year high of $31.87.
Twitter (NYSE:TWTR) last issued its earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping the 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 quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.07 earnings per share. Equities analysts expect that Twitter will post $0.51 earnings per share for the current fiscal year.
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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