Canaccord Genuity reiterated their hold rating on shares of Twitter Inc. (NYSE:TWTR) in a research note issued to investors on Wednesday. Canaccord Genuity currently has a $16.00 price target on the social networking company’s stock.

Several other brokerages have also recently commented on TWTR. Vetr cut shares of Twitter from a hold rating to a sell rating and set a $23.06 price objective for the company. in a research note on Tuesday, October 4th. Mizuho cut shares of Twitter from a neutral rating to an underperform rating and set a $15.00 price objective for the company. in a research note on Wednesday, September 28th. Nomura restated a neutral rating and set a $13.00 price objective on shares of Twitter in a research note on Wednesday, September 28th. Loop Capital cut shares of Twitter from a hold rating to a sell rating and set a $18.00 price objective for the company. in a research note on Wednesday, September 28th. Finally, SunTrust Banks Inc. restated a neutral rating and set a $18.00 price objective on shares of Twitter in a research note on Wednesday, October 5th. Twelve equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Twitter currently has an average rating of Hold and an average price target of $19.64.

Analyst Recommendations for Twitter (NYSE:TWTR)

Twitter (NYSE:TWTR) traded down 1.2471% during trading on Wednesday, reaching $17.8249. 5,831,392 shares of the company traded hands. Twitter has a 52 week low of $13.73 and a 52 week high of $31.87. The company’s market capitalization is $12.48 billion. The firm has a 50-day moving average price of $19.89 and a 200-day moving average price of $17.39.

Twitter (NYSE:TWTR) last released its 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 earned $602 million during 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 for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. 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 Twitter stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert Kaiden sold 3,604 shares of Twitter stock in a transaction dated Wednesday, September 7th. The shares were 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 insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Twitter by 36.5% in the second quarter. Vanguard Group Inc. now owns 33,938,829 shares of the social networking company’s stock worth $573,906,000 after buying an additional 9,067,613 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Twitter by 307.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,886,736 shares of the social networking company’s stock worth $48,815,000 after buying an additional 2,177,825 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in Twitter during the second quarter worth about $22,334,000. Contrarius Investment Management Ltd increased its stake in 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 worth $70,134,000 after buying an additional 844,273 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Twitter during the first quarter worth about $13,056,000. 41.87% of the stock is currently owned by institutional investors and hedge funds.

About Twitter

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.

5 Day Chart for NYSE:TWTR

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