Twitter’s (TWTR) “Hold” Rating Reiterated at KeyCorp
Twitter, Inc. (NYSE:TWTR)‘s stock had its “hold” rating reissued by equities research analysts at KeyCorp in a research note issued to investors on Wednesday.
A number of other research analysts have also weighed in on TWTR. Morgan Stanley restated an “underweight” rating and issued a $10.00 target price on shares of Twitter in a report on Monday. BidaskClub downgraded Twitter from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Jefferies Group LLC reiterated a “hold” rating and set a $16.00 price target on shares of Twitter in a report on Thursday, September 28th. BMO Capital Markets reissued a “hold” rating and issued a $17.00 price target on shares of Twitter in a research report on Wednesday, September 13th. Finally, ValuEngine lowered Twitter from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Fifteen research 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 stock. The stock has an average rating of “Hold” and an average price target of $15.44.
Twitter (NYSE:TWTR) traded up 0.80% during mid-day trading on Wednesday, reaching $17.73. 5,495,796 shares of the company’s stock traded hands. Twitter has a 12 month low of $14.12 and a 12 month high of $25.25. The company has a 50 day moving average price of $17.06 and a 200-day moving average price of $17.08. The stock’s market cap is $13.00 billion.
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 analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $574.00 million during the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. On average, analysts anticipate that Twitter will post $0.33 EPS for the current year.
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In other Twitter news, Director Evan Clark Williams sold 9,845 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $17.02, for a total transaction of $167,561.90. Following the completion of the transaction, the director now owns 2,636,518 shares of the company’s stock, valued at approximately $44,873,536.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $18.28, for a total value of $274,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,253,600 shares of company stock valued at $40,779,711. 9.18% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in shares of Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after acquiring an additional 1,333 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in 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 worth $157,000 after acquiring an additional 4,645 shares during the period. Federated Investors Inc. PA purchased a new stake in Twitter in the second quarter worth $174,000. NEXT Financial Group Inc lifted its stake in Twitter by 6.3% in the second quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock worth $197,000 after acquiring an additional 650 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in Twitter in the second quarter worth $211,000. 49.14% of the stock is currently owned by hedge funds and other institutional investors.
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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