Twitter’s (TWTR) Neutral Rating Reaffirmed at Susquehanna
Susquehanna reissued their neutral rating on shares of Twitter Inc. (NYSE:TWTR) in a research note published on Wednesday morning. Susquehanna currently has a $15.00 target price on the social networking company’s stock.
A number of other research analysts also recently issued reports on the stock. Canaccord Genuity restated a buy rating and set a $20.00 target price on shares of Twitter in a research report on Monday, July 11th. JPMorgan Chase & Co. reiterated a hold rating and issued a $17.00 price objective on shares of Twitter in a research report on Tuesday, September 27th. Deutsche Bank AG reiterated a buy rating and issued a $23.00 price objective on shares of Twitter in a research report on Tuesday, July 19th. Vetr upgraded shares of Twitter from a buy rating to a strong-buy rating and set a $20.69 price objective for the company in a research report on Monday, August 29th. Finally, Citigroup Inc. reiterated a neutral rating and issued a $16.00 price objective on shares of Twitter in a research report on Monday, September 26th. Fourteen research analysts have rated the stock with a sell rating, twenty-five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Twitter currently has a consensus rating of Hold and an average price target of $19.63.
Shares of Twitter (NYSE:TWTR) traded down 20.59% on Wednesday, hitting $19.75. The stock had a trading volume of 75,599,381 shares. The firm’s 50-day moving average price is $19.95 and its 200 day moving average price is $17.31. The firm’s market cap is $13.83 billion. Twitter has a 12 month low of $13.73 and a 12 month high of $31.87.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping 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 business earned $602 million during the quarter, compared to the consensus estimate of $606.37 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. Analysts anticipate that Twitter will post $0.51 EPS for the current fiscal year.
In other Twitter news, insider Robert Kaiden sold 13,231 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $17.87, for a total transaction of $236,437.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Messinger sold 52,914 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $16.76, for a total transaction of $886,838.64. The disclosure for this sale can be found here. 10.79% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. purchased a new stake in Twitter during the third quarter worth approximately $668,000. First American Trust FSB purchased a new stake in Twitter during the third quarter worth approximately $1,985,000. CT Mason purchased a new stake in Twitter during the third quarter worth approximately $272,000. CAPROCK Group Inc. raised its stake in Twitter by 41.2% in the second quarter. CAPROCK Group Inc. now owns 16,286 shares of the social networking company’s stock worth $275,000 after buying an additional 4,755 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Twitter by 28.4% in the second quarter. IFP Advisors Inc now owns 54,934 shares of the social networking company’s stock worth $929,000 after buying an additional 12,166 shares in the last quarter. 41.87% of the stock is 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.
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