Twitter’s (TWTR) “Hold” Rating Reaffirmed at KeyCorp
A number of other equities research analysts have also issued reports on TWTR. Jefferies Group LLC reiterated a buy rating and issued a $20.00 target price on shares of Twitter in a research note on Thursday, April 27th. Zacks Investment Research upgraded Twitter from a hold rating to a strong-buy rating and set a $18.00 target price for the company in a research note on Friday, April 28th. BMO Capital Markets reiterated a market perform rating and issued a $17.00 target price on shares of Twitter in a research note on Friday, April 28th. JMP Securities reiterated a market perform rating on shares of Twitter in a research note on Friday, April 28th. Finally, Instinet increased their target price on Twitter from $13.00 to $14.00 and gave the company a neutral rating in a research note on Friday, April 28th. Sixteen analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $15.49.
Twitter (NYSE:TWTR) traded down 1.42% during mid-day trading on Friday, reaching $16.65. 11,496,786 shares of the company’s stock traded hands. The stock has a 50 day moving average of $17.54 and a 200 day moving average of $16.82. Twitter has a 12-month low of $14.12 and a 12-month high of $25.25. The company’s market cap is $12.20 billion.
Twitter (NYSE:TWTR) last posted its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The business had revenue of $574 million during the quarter, compared to analyst estimates of $536.63 million. During the same quarter last year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that Twitter will post $0.34 earnings per share for the current fiscal year.
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In other news, insider Robert Kaiden sold 2,815 shares of Twitter stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $18.37, for a total value of $51,711.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 9,173 shares of Twitter stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $16.91, for a total value of $155,115.43. Following the completion of the transaction, the director now owns 2,692,230 shares in the company, valued at $45,525,609.30. The disclosure for this sale can be found here. Insiders sold 2,489,473 shares of company stock worth $45,041,152 over the last quarter. 10.79% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Mosaic Family Wealth LLC raised its position in shares of Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock valued at $105,000 after buying an additional 875 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Twitter during the first quarter valued at about $107,000. Toronto Dominion Bank raised its position in shares of Twitter by 21.3% in the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after buying an additional 1,333 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of Twitter by 46.0% in the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock valued at $152,000 after buying an additional 3,295 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its position in shares of Twitter by 112.3% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock valued at $157,000 after buying an additional 4,645 shares in the last quarter. Hedge funds and other institutional investors own 47.36% 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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