MKM Partners Reiterates “Neutral” Rating for Twitter Inc. (TWTR)
Twitter Inc. (NYSE:TWTR)‘s stock had its “neutral” rating reiterated by stock analysts at MKM Partners in a research report issued on Tuesday. They currently have a $18.50 price target on the social networking company’s stock. MKM Partners’ price objective would indicate a potential downside of 0.70% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Nomura reduced their price target on shares of Twitter from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Mizuho reaffirmed an “underperform” rating on shares of Twitter in a research report on Thursday, November 10th. Wedbush reaffirmed a “neutral” rating and set a $14.00 price target (down from $20.00) on shares of Twitter in a research report on Monday, July 25th. Axiom Securities cut shares of Twitter from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $16.00 in a research report on Wednesday, July 27th. Finally, Macquarie reissued a “neutral” rating on shares of Twitter in a research report on Wednesday, July 27th. Nine equities 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 stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.43.
Twitter (NYSE:TWTR) opened at 18.63 on Tuesday. Twitter has a 52-week low of $13.73 and a 52-week high of $26.70. The stock’s market capitalization is $13.19 billion. The company has a 50 day moving average of $18.91 and a 200-day moving average of $17.60.
Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 27th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm 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 was up 8.3% compared to the same quarter last year. 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 Twitter stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Kaiden sold 3,896 shares of Twitter stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $19.77, for a total value of $77,023.92. The disclosure for this sale can be found here. 10.79% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the company. Apriem Advisors raised its stake in shares of Twitter by 4.5% in the third quarter. Apriem Advisors now owns 4,650 shares of the social networking company’s stock worth $107,000 after buying an additional 200 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock worth $113,000 after buying an additional 3,099 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Twitter by 24.1% in the third quarter. Advisory Services Network LLC now owns 4,890 shares of the social networking company’s stock worth $113,000 after buying an additional 950 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of Twitter by 204.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,618 shares of the social networking company’s stock worth $129,000 after buying an additional 5,115 shares during the last quarter. Finally, Edmond de Rothschild Europe bought a new position in shares of Twitter during the third quarter worth about $149,000. Hedge funds and other institutional investors own 41.40% 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.
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.