Twitter Inc. (TWTR) Earns “Hold” Rating from SunTrust Banks Inc.
Twitter Inc. (NYSE:TWTR)‘s stock had its “hold” rating reiterated by equities researchers at SunTrust Banks Inc. in a report released on Wednesday. They presently have a $18.00 price target on the social networking company’s stock.
Several other research analysts have also recently issued reports on the company. Canaccord Genuity reissued a “buy” rating on shares of Twitter in a research note on Sunday, September 25th. Vetr raised Twitter from a “hold” rating to a “strong-buy” rating and set a $24.69 price objective on the stock in a research note on Monday. Jefferies Group reissued a “buy” rating and issued a $23.00 price objective on shares of Twitter in a research note on Monday, August 22nd. Evercore ISI cut Twitter from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $18.00 to $17.00 in a research note on Thursday, August 18th. Finally, Zacks Investment Research lowered Twitter from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Twelve equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Twitter presently has a consensus rating of “Hold” and an average price target of $19.66.
Twitter (NYSE:TWTR) traded up 0.28% during mid-day trading on Wednesday, hitting $18.05. The company’s stock had a trading volume of 23,426,459 shares. The company’s market cap is $12.64 billion. Twitter has a 12-month low of $13.73 and a 12-month high of $31.87. The firm’s 50-day moving average is $19.91 and its 200-day moving average is $17.38.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, topping 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 company had revenue of $602 million for the quarter, compared to analysts’ expectations of $606.37 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Twitter’s revenue was up 19.9% compared to the same quarter last year. 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 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 value of $886,838.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Kaiden sold 3,604 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $20.06, for a total transaction of $72,296.24. The disclosure for this sale can be found here. 10.79% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Swiss National Bank raised its position in shares of Twitter by 3.7% in the second quarter. Swiss National Bank now owns 1,564,600 shares of the social networking company’s stock worth $26,457,000 after buying an additional 56,500 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Twitter by 21.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 901,244 shares of the social networking company’s stock worth $15,240,000 after buying an additional 158,309 shares during the period. ING Groep NV raised its position in shares of Twitter by 12.2% in the second quarter. ING Groep NV now owns 324,421 shares of the social networking company’s stock worth $5,479,000 after buying an additional 35,385 shares during the period. Legal & General Group Plc raised its position in shares of Twitter by 4.1% in the first quarter. Legal & General Group Plc now owns 1,756,013 shares of the social networking company’s stock worth $29,062,000 after buying an additional 69,951 shares during the period. Finally, State Street Corp raised its position 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 worth $155,031,000 after buying an additional 317,209 shares during the period. 41.87% of the stock is owned by institutional investors and hedge funds.
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.
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.