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Equities researchers at Macquarie decreased their target price on shares of Twitter (NYSE:TWTR) from $46.00 to $36.00 in a research report issued on Wednesday, AnalystRatings.Net reports. The firm currently has an “underperform” rating on the stock. Macquarie’s target price would suggest a potential downside of 15.53% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Cowen and Company reiterated an “underperform” rating on shares of Twitter in a research note on Wednesday. They now have a $26.00 price target on the stock, down previously from $32.00. Separately, analysts at UBS AG cut their price target on shares of Twitter from $42.00 to $35.00 in a research note on Wednesday. Finally, analysts at Nomura cut their price target on shares of Twitter from $52.00 to $47.00 in a research note on Wednesday. Ten research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. Twitter has a consensus rating of “Hold” and a consensus price target of $46.27.

Twitter (NYSE:TWTR) traded down 10.72% on Wednesday, hitting $38.05. The stock had a trading volume of 30,076,704 shares. Twitter has a 52-week low of $38.80 and a 52-week high of $74.73. The stock’s 50-day moving average is $46.35 and its 200-day moving average is $52.21. The company’s market cap is $21.424 billion.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.19. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 119.7% on a year-over-year basis. On average, analysts predict that Twitter will post $0.02 earnings per share for the current fiscal year.

Twitter, Inc (NYSE:TWTR), is a global platform for public self-expression and conversation in real time.

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