Twitter Inc. (TWTR) Rating Increased to Hold at TheStreet
Twitter Inc. (NYSE:TWTR) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a report issued on Wednesday.
A number of other equities research analysts have also recently commented on the stock. Canaccord Genuity restated a “buy” rating on shares of Twitter in a report on Sunday, September 25th. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $22.10 price target for the company in a report on Monday, September 5th. Jefferies Group reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Twitter in a research note on Monday, August 22nd. Evercore ISI lowered shares of Twitter from a “hold” rating to a “sell” rating and dropped their price objective for the company from $18.00 to $17.00 in a research note on Thursday, August 18th. Finally, Zacks Investment Research lowered shares of Twitter from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Fourteen research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.63.
Twitter (NYSE:TWTR) opened at 19.87 on Wednesday. The stock has a 50 day moving average of $19.94 and a 200 day moving average of $17.33. The firm’s market cap is $13.91 billion. Twitter has a one year low of $13.73 and a one year high of $31.87.
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 net margin of 16.51% and a negative return on equity of 6.01%. The company earned $602 million during the quarter, compared to analysts’ expectations of $606.37 million. During the same period in the prior year, the company posted $0.07 earnings per share. Twitter’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities research analysts predict that Twitter will post $0.51 EPS for the current fiscal year.
In other news, insider Adam Messinger sold 52,914 shares of Twitter stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $886,838.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Kaiden sold 3,604 shares of Twitter stock in a transaction on Wednesday, September 7th. The stock was 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 corporate insiders.
Several hedge funds have recently added to or reduced their stakes in TWTR. Integrated Investment Consultants LLC increased its stake in Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock valued at $113,000 after buying an additional 3,099 shares during the period. Mizuho Asset Management Co. Ltd. increased its stake in Twitter by 204.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,618 shares of the social networking company’s stock valued at $129,000 after buying an additional 5,115 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Twitter during the second quarter valued at $152,000. Peapack Gladstone Financial Corp acquired a new stake in Twitter during the first quarter valued at $169,000. Finally, Hartford Investment Management Co. increased its stake in Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock valued at $174,000 after buying an additional 192 shares during the period. Institutional investors and hedge funds own 41.87% of the company’s stock.
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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