Robert W. Baird reiterated their neutral rating on shares of Twitter Inc. (NYSE:TWTR) in a report released on Tuesday morning. Robert W. Baird currently has a $16.00 target price on the social networking company’s stock.

Several other research analysts have also weighed in on the stock. RBC Capital Markets reaffirmed an underperform rating and set a $14.00 target price on shares of Twitter in a research note on Saturday. Canaccord Genuity reaffirmed a hold rating and set a $16.00 target price on shares of Twitter in a research note on Wednesday, October 12th. Deutsche Bank AG reaffirmed a buy rating and set a $22.00 target price on shares of Twitter in a research note on Wednesday, October 12th. SunTrust Banks Inc. reaffirmed a hold rating and set a $18.00 target price on shares of Twitter in a research note on Wednesday, October 12th. Finally, Evercore ISI raised shares of Twitter from a sell rating to a hold rating and set a $17.00 target price for the company in a research note on Tuesday, October 11th. Eleven equities research analysts have rated the stock with a sell rating, twenty-nine have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $19.38.

Shares of Twitter (NYSE:TWTR) traded up 2.347% during mid-day trading on Tuesday, hitting $17.225. 7,696,074 shares of the stock traded hands. The firm has a 50 day moving average of $19.75 and a 200 day moving average of $17.42. The stock’s market cap is $12.06 billion. Twitter has a 12 month low of $13.73 and a 12 month high of $31.87.

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, beating the Zacks’ consensus estimate of $0.10 by $0.03. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The firm earned $602 million during the quarter, compared to analyst estimates of $606.37 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Twitter’s quarterly revenue was up 19.9% on a year-over-year basis. On average, equities analysts expect that Twitter will post $0.51 EPS for the current fiscal year.

In other Twitter news, CAO Robert Kaiden sold 12,990 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $217,712.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Messinger sold 4,901 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $23.64, for a total value of $115,859.64. The disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in TWTR. Evanson Asset Management LLC raised its stake in Twitter by 34.6% in the third quarter. Evanson Asset Management LLC now owns 17,014 shares of the social networking company’s stock valued at $392,000 after buying an additional 4,370 shares in the last quarter. Kessler Investment Group LLC raised its stake in Twitter by 63.9% in the third quarter. Kessler Investment Group LLC now owns 13,192 shares of the social networking company’s stock valued at $304,000 after buying an additional 5,141 shares in the last quarter. National Pension Service raised its stake in Twitter by 9.3% in the third quarter. National Pension Service now owns 516,935 shares of the social networking company’s stock valued at $11,915,000 after buying an additional 44,052 shares in the last quarter. Amerigo Asset Management acquired a new stake in Twitter during the third quarter valued at about $100,874,000. Finally, Highland Capital Management LLC raised its stake in Twitter by 1.1% in the third quarter. Highland Capital Management LLC now owns 24,140 shares of the social networking company’s stock valued at $556,000 after buying an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 41.84% 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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