Twitter Inc. (TWTR) Given “Neutral” Rating at Monness Crespi & Hardt
Several other brokerages also recently commented on TWTR. Vetr downgraded Twitter from a strong-buy rating to a buy rating and set a $20.52 target price on the stock. in a report on Monday, July 18th. RBC Capital Markets reaffirmed a sector perform rating and set a $20.00 price objective on shares of Twitter in a report on Tuesday, July 26th. Cantor Fitzgerald downgraded Twitter from a buy rating to a hold rating in a report on Wednesday, July 27th. Pacific Crest reaffirmed a hold rating on shares of Twitter in a report on Wednesday, July 27th. Finally, Robert W. Baird reissued a neutral rating and issued a $16.00 price target on shares of Twitter in a research note on Wednesday, July 27th. Twelve research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $19.66.
Shares of Twitter (NYSE:TWTR) traded up 1.338% during mid-day trading on Monday, reaching $17.795. The company’s stock had a trading volume of 20,188,017 shares. The firm’s market capitalization is $12.46 billion. The company has a 50 day moving average of $19.93 and a 200-day moving average of $17.38. Twitter has a 12 month low of $13.73 and a 12 month high of $31.87.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $602 million for the quarter, compared to analyst estimates of $606.37 million. During the same period in the previous year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. Equities research analysts forecast that Twitter will post $0.51 EPS for the current year.
In related news, CAO Robert Kaiden sold 12,990 shares of Twitter stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $16.76, for a total transaction of $217,712.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Messinger sold 4,901 shares of Twitter stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $23.64, for a total transaction of $115,859.64. The disclosure for this sale can be found here. 10.79% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TWTR. Integrated Investment Consultants LLC raised 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 worth $113,000 after buying an additional 3,099 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Twitter by 24.1% in the third quarter. Advisory Services Network LLC now owns 4,890 shares of the social networking company’s stock worth $113,000 after buying an additional 950 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of 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 worth $129,000 after buying an additional 5,115 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Twitter during the second quarter worth approximately $152,000. Finally, Hartford Investment Management Co. raised its stake in shares of Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock worth $174,000 after buying an additional 192 shares in the last quarter. 41.87% of the stock is owned by institutional investors.
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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