Twitter, Inc. (TWTR) Rating Reiterated by JMP Securities
Twitter, Inc. (NYSE:TWTR)‘s stock had its “market perform” rating reissued by equities research analysts at JMP Securities in a research report issued on Thursday, July 13th.
Several other analysts have also recently commented on the stock. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $16.88 price target for the company in a report on Tuesday, March 21st. Jefferies Group LLC restated a “buy” rating and set a $20.00 price target on shares of Twitter in a report on Thursday, March 23rd. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a report on Friday, April 28th. Aegis restated a “sell” rating and set a $12.00 price target on shares of Twitter in a report on Thursday, April 13th. Finally, Barclays PLC restated an “underweight” rating and set a $14.00 price target on shares of Twitter in a report on Monday, April 17th. Sixteen research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.57.
Shares of Twitter (TWTR) opened at 16.15 on Thursday. The stock’s market capitalization is $11.79 billion. Twitter has a 1-year low of $14.12 and a 1-year high of $25.25. The stock’s 50 day moving average is $18.17 and its 200 day moving average is $16.90.
Twitter (NYSE:TWTR) last released its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $574 million for the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. On average, equities analysts forecast that Twitter will post $0.34 EPS for the current year.
In other Twitter news, Director Evan Clark Williams sold 684,900 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $18.58, for a total transaction of $12,725,442.00. Following the transaction, the director now owns 2,872,607 shares in the company, valued at approximately $53,373,038.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Kaiden sold 2,815 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $18.37, for a total value of $51,711.55. The disclosure for this sale can be found here. Insiders have sold a total of 2,749,473 shares of company stock valued at $50,829,693 in the last ninety days. Insiders own 9.18% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC boosted its position in shares of Twitter by 17.8% in the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock worth $550,249,000 after buying an additional 5,561,940 shares during the last quarter. Norges Bank bought a new position in shares of Twitter during the fourth quarter worth approximately $57,696,000. OppenheimerFunds Inc. boosted its position in shares of Twitter by 42.3% in the first quarter. OppenheimerFunds Inc. now owns 10,088,428 shares of the social networking company’s stock worth $150,822,000 after buying an additional 2,999,690 shares during the last quarter. Amerigo Asset Management boosted its position in shares of Twitter by 64.3% in the first quarter. Amerigo Asset Management now owns 6,463,910 shares of the social networking company’s stock worth $96,635,000 after buying an additional 2,528,910 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Twitter during the second quarter worth approximately $38,366,000. Institutional investors own 47.02% of the company’s stock.
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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