Twitter, Inc. (NYSE:TWTR) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday. They currently have a $19.82 price objective on the social networking company’s stock. Vetr‘s price objective suggests a potential upside of 11.66% from the stock’s current price.

TWTR has been the subject of several other reports. Morgan Stanley reiterated an “underweight” rating and issued a $10.00 target price on shares of Twitter in a report on Monday. BidaskClub cut shares of Twitter from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Robert W. Baird reiterated a “hold” rating and issued a $17.00 target price on shares of Twitter in a report on Friday, September 1st. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $20.00 target price on shares of Twitter in a report on Sunday, July 30th. Finally, JMP Securities reiterated a “market perform” rating on shares of Twitter in a report on Thursday, July 13th. Fifteen equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have given a buy rating to the company. Twitter currently has a consensus rating of “Hold” and an average target price of $15.44.

Twitter (NYSE:TWTR) traded up 0.91% during mid-day trading on Wednesday, reaching $17.75. 17,353,809 shares of the company were exchanged. The stock’s market capitalization is $13.01 billion. Twitter has a 12 month low of $14.12 and a 12 month high of $21.00. The company’s 50 day moving average price is $17.11 and its 200-day moving average price is $17.09.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The company had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. On average, equities analysts expect that Twitter will post $0.33 earnings per share for the current fiscal year.

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In related news, General Counsel Vijaya Gadde sold 7,500 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $18.03, for a total transaction of $135,225.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 42,070 shares of the company’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $19.26, for a total transaction of $810,268.20. Following the transaction, the director now owns 2,735,038 shares in the company, valued at approximately $52,676,831.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,253,600 shares of company stock worth $40,779,711. 9.18% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vivaldi Asset Management LLC acquired a new position in Twitter during the 2nd quarter worth about $7,521,000. Allen Investment Management LLC bought a new stake in Twitter during the 2nd quarter worth about $7,169,000. State of Alaska Department of Revenue raised its holdings in Twitter by 77.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock worth $519,000 after purchasing an additional 12,690 shares during the last quarter. Contrarius Investment Management Ltd raised its holdings in Twitter by 17.4% during the 2nd quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock worth $99,233,000 after purchasing an additional 822,455 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new stake in Twitter during the 2nd quarter worth about $315,000. Institutional investors and hedge funds own 49.14% of the company’s stock.

About Twitter

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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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