Twitter Inc. (TWTR) Rating Reiterated by OTR Global
Twitter Inc. (NYSE:TWTR)‘s stock had its “negative” rating reaffirmed by equities researchers at OTR Global in a research report issued on Wednesday.
Several other equities analysts have also recently weighed in on TWTR. Mizuho restated an “underperform” rating on shares of Twitter in a report on Thursday, November 10th. Vetr cut Twitter from a “strong-buy” rating to a “buy” rating and set a $21.09 price target for the company. in a report on Tuesday, November 15th. JPMorgan Chase & Co. restated a “hold” rating and set a $17.00 price target on shares of Twitter in a report on Tuesday, September 27th. Citigroup Inc. restated a “neutral” rating and set a $16.00 price target on shares of Twitter in a report on Monday, September 26th. Finally, TheStreet upgraded Twitter from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. Ten equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.43.
Shares of Twitter (NYSE:TWTR) opened at 18.63 on Wednesday. Twitter has a 12 month low of $13.73 and a 12 month high of $26.41. The company’s market cap is $13.19 billion. The firm has a 50-day moving average price of $18.40 and a 200 day moving average price of $17.74.
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, topping the consensus estimate of ($0.15) by $0.28. Twitter had a negative return on equity of 5.18% and a negative net margin of 15.06%. The firm earned $616 million during the quarter, compared to analysts’ expectations of $606.40 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. Equities analysts predict that Twitter will post $0.52 earnings per share for the current year.
In other news, insider Robert Kaiden sold 5,808 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Adam Messinger sold 4,901 shares of the stock in a transaction 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. Company insiders own 10.79% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Apriem Advisors boosted 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 valued at $107,000 after buying an additional 200 shares during the last quarter. Integrated Investment Consultants LLC boosted 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 valued at $113,000 after buying an additional 3,099 shares during the last quarter. Advisory Services Network LLC boosted 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 valued at $113,000 after buying an additional 950 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in 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 valued at $129,000 after buying an additional 5,115 shares during the period. Finally, Edmond de Rothschild Europe acquired a new position in Twitter during the third quarter valued at approximately $149,000. Institutional investors and hedge funds own 42.17% of the company’s stock.
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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.
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