Twitter Inc. (NYSE:TWTR) was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday. They presently have a $23.06 target price on the social networking company’s stock. Vetr‘s target price would indicate a potential downside of 3.92% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity reaffirmed a “buy” rating on shares of Twitter in a research report on Sunday, September 25th. Jefferies Group reaffirmed a “buy” rating and set a $23.00 price target on shares of Twitter in a research report on Monday, August 22nd. Evercore ISI cut Twitter from a “hold” rating to a “sell” rating and dropped their price target for the company from $18.00 to $17.00 in a research report on Thursday, August 18th. Zacks Investment Research cut Twitter from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $16.00 price target on shares of Twitter in a research report on Tuesday, July 26th. Fourteen analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.65.

Shares of Twitter (NYSE:TWTR) opened at 24.00 on Tuesday. Twitter has a 1-year low of $13.73 and a 1-year high of $31.87. The company has a 50-day moving average price of $19.75 and a 200 day moving average price of $17.21. The firm’s market capitalization is $16.81 billion.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The business had revenue of $602 million for the quarter, compared to analysts’ expectations of $606.37 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s revenue 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 other Twitter news, insider Robert Kaiden sold 13,231 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $17.87, for a total transaction of $236,437.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam Messinger sold 52,914 shares of the business’s 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 insiders.

Large investors have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Twitter by 3.5% in the first quarter. State Street Corp now owns 9,367,582 shares of the social networking company’s stock valued at $155,031,000 after buying an additional 317,209 shares during the last quarter. BB&T Securities LLC raised its position in shares of Twitter by 21.7% in the first quarter. BB&T Securities LLC now owns 59,176 shares of the social networking company’s stock valued at $979,000 after buying an additional 10,554 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Twitter by 126.4% in the first quarter. Canada Pension Plan Investment Board now owns 195,700 shares of the social networking company’s stock valued at $3,239,000 after buying an additional 109,243 shares during the period. Motley Fool Wealth Management LLC raised its position 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 valued at $3,849,000 after buying an additional 7,483 shares during the period. Finally, Maryland Capital Management raised its position 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 period. 41.87% of the stock is currently owned by institutional investors.

Twitter Company Profile

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.

5 Day Chart for NYSE:TWTR

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