Twitter Inc. (TWTR) Lowered to “Underperform” at Mizuho
Mizuho lowered shares of Twitter Inc. (NYSE:TWTR) from a neutral rating to an underperform rating in a research report released on Wednesday morning. The firm currently has $15.00 target price on the social networking company’s stock.
Several other research firms also recently weighed in on TWTR. Vetr downgraded shares of Twitter from a strong-buy rating to a buy rating and set a $20.52 target price for the company. in a report on Monday, July 18th. RBC Capital Markets restated a sector perform rating and set a $20.00 target price on shares of Twitter in a report on Tuesday, July 26th. Cantor Fitzgerald downgraded shares of Twitter from a buy rating to a hold rating in a report on Wednesday, July 27th. Pacific Crest restated a hold rating on shares of Twitter in a report on Wednesday, July 27th. Finally, Robert W. Baird reiterated a neutral rating and set a $16.00 price target on shares of Twitter in a report on Wednesday, July 27th. Fourteen investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Twitter currently has an average rating of Hold and a consensus price target of $19.61.
Shares of Twitter (NYSE:TWTR) traded up 0.65% during trading on Wednesday, hitting $23.11. 8,341,565 shares of the stock traded hands. The firm’s market cap is $16.18 billion. Twitter has a 52-week low of $13.73 and a 52-week high of $31.87. The company’s 50 day moving average is $19.42 and its 200 day moving average is $17.06.
Twitter (NYSE:TWTR) last posted its earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The firm earned $602 million during the quarter, compared to the consensus estimate of $606.37 million. During the same period last year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities research analysts predict that Twitter will post $0.51 EPS for the current year.
In related news, insider Robert Kaiden sold 3,604 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $20.06, for a total value of $72,296.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Adam Messinger sold 52,914 shares of the stock in a transaction that occurred on 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. 10.79% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in TWTR. Motley Fool Wealth Management LLC boosted its stake in shares of Twitter by 3.3% in the first quarter. Motley Fool Wealth Management LLC now owns 232,595 shares of the social networking company’s stock worth $3,849,000 after buying an additional 7,483 shares during the last quarter. Maryland Capital Management boosted its stake in 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 in the last quarter. Algebris Investments UK LLP acquired a new stake in Twitter during the first quarter valued at $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. Finally, 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. Hedge funds and other 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.
Receive News & Stock Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related stocks with our FREE daily email newsletter.