Twitter Inc. (TWTR) Upgraded to Hold at Evercore ISI
Evercore ISI upgraded shares of Twitter Inc. (NYSE:TWTR) from a sell rating to a hold rating in a research report report published on Tuesday. Evercore ISI currently has $17.00 price target on the social networking company’s stock.
TWTR has been the topic of a number of other research reports. Vetr raised shares of Twitter from a buy rating to a strong-buy rating and set a $20.69 price target on the stock in a report on Monday, August 29th. Loop Capital initiated coverage on shares of Twitter in a report on Thursday, September 22nd. They issued a hold rating and a $18.00 price target on the stock. They noted that the move was a valuation call. Nomura reaffirmed a neutral rating and issued a $13.00 price target on shares of Twitter in a report on Wednesday, September 28th. Monness Crespi & Hardt reaffirmed a neutral rating on shares of Twitter in a report on Monday. Finally, Morgan Stanley reaffirmed a sell rating on shares of Twitter in a report on Thursday, September 29th. Twelve investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $19.66.
Twitter (NYSE:TWTR) opened at 18.00 on Tuesday. The company’s market cap is $12.60 billion. The stock’s 50 day moving average price is $19.91 and its 200-day moving average price is $17.38. Twitter has a 52 week low of $13.73 and a 52 week high of $31.87.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $602 million for the quarter, compared to analysts’ expectations of $606.37 million. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. Twitter’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. On average, equities research analysts forecast that Twitter will post $0.51 earnings per share for the current fiscal year.
In related news, insider Adam Messinger sold 52,914 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert Kaiden sold 12,990 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $217,712.40. The disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Twitter by 36.5% in the second quarter. Vanguard Group Inc. now owns 33,938,829 shares of the social networking company’s stock valued at $573,906,000 after buying an additional 9,067,613 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of Twitter by 307.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,886,736 shares of the social networking company’s stock valued at $48,815,000 after buying an additional 2,177,825 shares during the period. Quantitative Investment Management LLC bought a new position in shares of Twitter during the second quarter valued at $22,334,000. Contrarius Investment Management Ltd raised its position in shares of Twitter by 25.6% in the second quarter. Contrarius Investment Management Ltd now owns 4,147,508 shares of the social networking company’s stock valued at $70,134,000 after buying an additional 844,273 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Twitter during the first quarter valued at $13,056,000. Hedge funds and other institutional investors own 41.87% of the company’s stock.
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.