Twitter (TWTR) Given Daily Media Impact Rating of 0.12
News articles about Twitter (NYSE:TWTR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Twitter earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the social networking company an impact score of 45.4640656559343 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Soompi and Twitter Launch Global Fan Art Competition To Celebrate EXO’s One Million Follower Milestone (finance.yahoo.com)
- Insider Selling: Twitter, Inc. (TWTR) Insider Sells 3,805 Shares of Stock (americanbankingnews.com)
- Can Flying Taxis Work? Tencent Invests in German Aviation Startup Lilium To Find Out (finance.yahoo.com)
- The 10 Most Popular Social-Media Networks (Bet You Haven't Heard of No. 5) (finance.yahoo.com)
- $589.63 Million in Sales Expected for Twitter, Inc. (TWTR) This Quarter (americanbankingnews.com)
A number of brokerages have commented on TWTR. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $15.00 price target on shares of Twitter in a research note on Saturday, July 22nd. Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 price target on shares of Twitter in a research note on Saturday, July 22nd. Wells Fargo & Company reissued a “market perform” rating on shares of Twitter in a research note on Saturday, July 22nd. Canaccord Genuity reissued a “hold” rating and issued a $15.00 price objective on shares of Twitter in a research note on Monday, July 24th. Finally, Wedbush cut shares of Twitter from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $14.00 to $16.00 in a research note on Monday, July 24th. Seventeen investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $15.49.
Shares of Twitter (NYSE TWTR) traded up 1.08% during midday trading on Wednesday, hitting $16.83. 12,335,533 shares of the company were exchanged. The company’s 50 day moving average price is $17.04 and its 200 day moving average price is $16.82. The firm’s market cap is $12.34 billion. Twitter has a one year low of $14.12 and a one year high of $25.25.
Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The business had revenue of $574 million during the quarter, compared to analyst estimates of $536.63 million. During the same period last year, the business posted $0.13 earnings per share. Twitter’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts expect that Twitter will post $0.33 EPS for the current year.
In related news, Director Evan Clark Williams sold 853,700 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $19.38, for a total value of $16,544,706.00. Following the completion of the transaction, the director now directly owns 2,735,038 shares in the company, valued at approximately $53,005,036.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Kaiden sold 4,725 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $16.06, for a total transaction of $75,883.50. The disclosure for this sale can be found here. Insiders have sold 2,102,975 shares of company stock valued at $37,941,013 over the last quarter. Company insiders own 9.18% 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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