Twitter Inc. (NYSE:TWTR)‘s stock had its “neutral” rating reiterated by Wedbush in a research note issued to investors on Friday. They presently have a $14.00 target price on the social networking company’s stock. Wedbush’s target price points to a potential downside of 23.79% from the stock’s previous close.

Several other research firms also recently issued reports on TWTR. Vetr downgraded 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 downgraded 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 reiterated a “neutral” rating and set a $13.00 price objective on shares of Twitter in a research note on Wednesday, September 28th. Loop Capital downgraded shares of Twitter from a “hold” rating to a “sell” rating and set a $18.00 target price for the company. in a research note on Wednesday, September 28th. Finally, Susquehanna restated a “neutral” rating and issued a $15.00 target price on shares of Twitter in a research note on Wednesday, October 5th. Nine research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Twitter currently has a consensus rating of “Hold” and an average price target of $18.43.

Analyst Recommendations for Twitter (NYSE:TWTR)

Twitter (NYSE:TWTR) opened at 18.37 on Friday. The company has a 50 day moving average of $19.28 and a 200-day moving average of $17.50. The stock’s market capitalization is $13.01 billion. Twitter has a 52-week low of $13.73 and a 52-week high of $26.70.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 27th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.28. Twitter had a negative net margin of 15.06% and a negative return on equity of 5.18%. The company earned $616 million during the quarter, compared to the consensus estimate of $606.40 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Twitter’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities research analysts anticipate that Twitter will post $0.52 EPS for the current year.

In related news, insider Adam Messinger sold 52,187 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $17.58, for a total value of $917,447.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Kaiden sold 5,808 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $17.99, for a total value of $104,485.92. The disclosure for this sale can be found here. 10.79% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted 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. BlackRock Institutional Trust Company N.A. boosted its position in shares of Twitter by 3.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 14,720,526 shares of the social networking company’s stock worth $248,924,000 after buying an additional 500,681 shares during the last quarter. Contrarius Investment Management Ltd boosted its position in shares of Twitter by 31.9% in the third quarter. Contrarius Investment Management Ltd now owns 5,471,146 shares of the social networking company’s stock worth $126,110,000 after buying an additional 1,323,638 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Twitter by 17.7% in the second quarter. First Trust Advisors LP now owns 5,249,841 shares of the social networking company’s stock worth $88,775,000 after buying an additional 787,807 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Twitter by 3.7% in the third quarter. Northern Trust Corp now owns 4,923,717 shares of the social networking company’s stock worth $113,492,000 after buying an additional 173,415 shares during the last quarter. 41.37% of the stock is owned by hedge funds and other institutional investors.

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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