Twitter, Inc. (TWTR) Stock Rating Reaffirmed by Royal Bank Of Canada
Royal Bank Of Canada restated their sell rating on shares of Twitter, Inc. (NYSE:TWTR) in a report published on Sunday. They currently have a $14.00 target price on the social networking company’s stock.
Several other research firms also recently issued reports on TWTR. BidaskClub raised shares of Twitter from a hold rating to a buy rating in a report on Sunday, July 16th. BMO Capital Markets reissued a hold rating and issued a $17.00 price target on shares of Twitter in a report on Sunday, July 16th. Cantor Fitzgerald reissued a neutral rating and issued a $16.00 price target on shares of Twitter in a report on Tuesday, July 25th. Vetr downgraded shares of Twitter from a strong-buy rating to a buy rating and set a $19.22 price target for the company. in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a $15.00 price target on shares of Twitter in a report on Saturday, July 22nd. Sixteen analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $15.44.
Shares of Twitter (NYSE:TWTR) opened at 17.73 on Friday. The stock’s market cap is $13.00 billion. Twitter has a 1-year low of $14.12 and a 1-year high of $20.88. The company’s 50-day moving average is $17.34 and its 200 day moving average is $17.19.
Twitter (NYSE:TWTR) last posted 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 business had revenue of $574.00 million during the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. Twitter’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. Equities research 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 853,700 shares of Twitter stock in a transaction on Friday, July 14th. The shares were sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the completion of the transaction, the director now directly owns 2,735,038 shares of the company’s stock, valued at $53,005,036.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $16.07, for a total transaction of $241,050.00. The disclosure for this sale can be found here. Insiders sold 2,189,030 shares of company stock worth $39,560,018 over the last quarter. 9.18% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank lifted its position in Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after purchasing an additional 1,333 shares during the period. Gilder Gagnon Howe & Co. LLC raised its stake in Twitter by 112.3% during 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 in the last quarter. Federated Investors Inc. PA acquired a new position in Twitter during the second quarter worth about $174,000. NEXT Financial Group Inc raised its stake in Twitter by 6.3% during 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 in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Twitter during the second quarter worth about $211,000. 49.14% of the stock is owned by 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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