Somewhat Favorable Press Coverage Somewhat Likely to Impact Twitter (TWTR) Stock Price
Media coverage about Twitter (NYSE:TWTR) has been trending somewhat positive this week, according to AlphaOne Sentiment. The research firm, a subsidiary of Accern, scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Twitter earned a news sentiment score of 0.04 on AlphaOne’s scale. AlphaOne also gave media headlines about the social networking company an impact score of 62 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Alpha One’s scoring:
- Twitter: 5 Reasons You Should Sell Now – Seeking Alpha (seekingalpha.com)
- Twitter, Inc. (NYSE:TWTR) in Focus: A look at EBITDA & Valuation – Lenox Ledger (lenoxledger.com)
- More Free Profits from Twitter Inc (TWTR) Stock While We Wait For the Headline (investorplace.com)
- Twitter for Apple TV adds live, 360 degree video and Periscope's global map (finance.yahoo.com)
- Snap vs. Twitter: Which Social Media Stock Is The Better Buy? (finance.yahoo.com)
Several brokerages have recently commented on TWTR. Canaccord Genuity decreased their price target on Twitter from $18.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, February 9th. Morgan Stanley decreased their price target on Twitter from $13.50 to $10.00 and set an “underweight” rating on the stock in a research note on Thursday, February 9th. Cowen and Company lowered Twitter from a “market perform” rating to an “underperform” rating and set a $12.00 price target on the stock. in a research note on Thursday, February 9th. Royal Bank of Canada decreased their price target on Twitter from $14.00 to $12.00 and set an “underperform” rating on the stock in a research note on Thursday, February 9th. Finally, FBN Securities decreased their price target on Twitter from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, February 9th. Sixteen analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.80.
Shares of Twitter (NYSE:TWTR) traded up 1.56% during midday trading on Friday, hitting $18.23. The stock had a trading volume of 10,459,358 shares. The firm’s market cap is $13.23 billion. The company’s 50-day moving average price is $16.88 and its 200-day moving average price is $16.89. Twitter has a 12-month low of $14.00 and a 12-month high of $25.25.
Twitter (NYSE:TWTR) last released its earnings results on Wednesday, April 26th. The social networking company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.27. The company had revenue of $548 million during the quarter, compared to analyst estimates of $513.04 million. Twitter had a negative return on equity of 4.59% and a negative net margin of 18.06%. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. Equities research analysts forecast that Twitter will post $0.33 EPS for the current year.
In other news, Director Evan Clark Williams sold 684,900 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $18.58, for a total value of $12,725,442.00. Following the transaction, the director now directly owns 2,872,607 shares of the company’s stock, valued at $53,373,038.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $14.71, for a total transaction of $220,650.00. The disclosure for this sale can be found here. Insiders sold 1,294,773 shares of company stock valued at $21,740,833 in the last 90 days. Corporate insiders own 10.79% of the company’s stock.
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Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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