Twitter Inc. (NYSE:TWTR)‘s stock had its “underperform” rating restated by research analysts at RBC Capital Markets in a research note issued to investors on Saturday. They presently have a $14.00 price target on the social networking company’s stock. RBC Capital Markets’ price objective indicates a potential downside of 17.06% from the stock’s previous close.

A number of other brokerages also recently weighed in on TWTR. SunTrust Banks Inc. reissued a “buy” rating and set a $18.00 price target on shares of Twitter in a research report on Tuesday, June 21st. MKM Partners reissued a “buy” rating on shares of Twitter in a research report on Wednesday, June 22nd. Cantor Fitzgerald reissued a “buy” rating on shares of Twitter in a research report on Sunday, July 10th. Monness Crespi & Hardt downgraded Twitter from a “buy” rating to a “neutral” rating in a research report on Monday, July 11th. Finally, Canaccord Genuity reissued a “buy” rating and set a $20.00 price target on shares of Twitter in a research report on Monday, July 11th. Twelve research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.42.

Analyst Recommendations for Twitter (NYSE:TWTR)

Twitter (NYSE:TWTR) opened at 16.88 on Friday. Twitter has a one year low of $13.73 and a one year high of $31.87. The stock has a 50 day moving average price of $19.84 and a 200-day moving average price of $17.40. The firm’s market capitalization is $11.82 billion.

Twitter (NYSE:TWTR) last released its earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $602 million for the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. Twitter’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, equities analysts forecast that Twitter will post $0.51 earnings per share for the current year.

In other Twitter news, CAO Robert Kaiden sold 12,990 shares of the business’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 $217,712.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Adam Messinger sold 4,901 shares of the business’s 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 company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its position in 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 last quarter. State Board of Administration of Florida Retirement System boosted its position in 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 last quarter. ING Groep NV boosted its position in 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 last quarter. Legal & General Group Plc boosted its position in 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 last quarter. Finally, State Street Corp boosted its position in 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 last quarter. Hedge funds and other institutional investors 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.

5 Day Chart for NYSE:TWTR

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