Somewhat Favorable News Coverage Somewhat Unlikely to Impact Twitter (TWTR) Stock Price
Press coverage about Twitter (NYSE:TWTR) has been trending somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Twitter earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the social networking company an impact score of 43.2195818834739 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Twitter, Inc. (TWTR) Rating Reiterated by KeyCorp (americanbankingnews.com)
- Who’s Val Plame And Why Does She Want To Buy Twitter? (finance.yahoo.com)
- The big call on Twitter (finance.yahoo.com)
- Why Video Won’t Turn Twitter Around (finance.yahoo.com)
- Insider Selling: Twitter, Inc. (TWTR) Director Sells 9,173 Shares of Stock (americanbankingnews.com)
Twitter (TWTR) traded down 1.42% during midday trading on Friday, hitting $16.65. The stock had a trading volume of 11,496,786 shares. Twitter has a 52 week low of $14.12 and a 52 week high of $25.25. The company’s market capitalization is $12.20 billion. The company’s 50-day moving average price is $17.54 and its 200 day moving average price is $16.82.
Twitter (NYSE:TWTR) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative net margin of 20.30% and a negative return on equity of 9.92%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. On average, analysts expect that Twitter will post $0.34 EPS for the current year.
Several brokerages recently issued reports on TWTR. J P Morgan Chase & Co reissued a “neutral” rating and issued a $15.00 price objective on shares of Twitter in a research note on Saturday, July 22nd. Morgan Stanley reissued an “underweight” rating and issued a $10.00 price objective on shares of Twitter in a research note on Saturday, July 22nd. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Twitter in a research note on Saturday, July 22nd. Canaccord Genuity reaffirmed a “hold” rating and set a $15.00 price target on shares of Twitter in a research note on Monday, July 24th. Finally, Wedbush downgraded Twitter from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $14.00 to $16.00 in a research note on Monday, July 24th. Sixteen analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have given a buy rating to the company’s stock. Twitter has an average rating of “Hold” and a consensus target price of $15.49.
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In other news, insider Robert Kaiden sold 2,815 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $18.37, for a total transaction of $51,711.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 373,100 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $18.38, for a total transaction of $6,857,578.00. Following the transaction, the director now directly owns 2,838,269 shares of the company’s stock, valued at $52,167,384.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,489,473 shares of company stock valued at $45,041,152. Insiders own 10.79% of the company’s stock.
Twitter Company Profile
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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