Twitter Upgraded by Wunderlich to Hold (TWTR)
Twitter (NYSE:TWTR) was upgraded by investment analysts at Wunderlich from a “sell” rating to a “hold” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $35.00 target price on the stock, down from their previous target price of $38.00. Wunderlich’s price target suggests a potential upside of 6.81% from the stock’s previous close.
The analysts wrote, “victim of blind investors and hype machine” which was “hijacked”
A number of other analysts have also recently weighed in on TWTR. Analysts at Atlantic Securities upgraded shares of Twitter from an “underweight” rating to a “neutral” rating in a research note on Thursday. They now have a $35.00 price target on the stock. Separately, analysts at Pivotal Research upgraded shares of Twitter from a “sell” rating to a “hold” rating in a research note on Wednesday. They now have a $34.00 price target on the stock. Finally, analysts at Nomura cut their price target on shares of Twitter from $47.00 to $43.00 in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the company. Twitter presently has a consensus rating of “Hold” and an average price target of $45.67.
In other Twitter news, VP Luca Baratta unloaded 9,285 shares of Twitter stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $31.44, for a total value of $291,920.40. Following the completion of the transaction, the vice president now directly owns 331,904 shares of the company’s stock, valued at approximately $10,435,062. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Twitter (NYSE:TWTR) traded down 0.36% on Friday, hitting $32.6523. The stock had a trading volume of 5,243,227 shares. Twitter has a 1-year low of $29.51 and a 1-year high of $74.73. The stock has a 50-day moving average of $40. and a 200-day moving average of $50.58. The company’s market cap is $18.619 billion. Twitter also was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 50,098,350 shares, an increase of 7.2% from the April 15th total of 46,744,485 shares. Based on an average trading volume of 15,312,281 shares, the short-interest ratio is currently 3.3 days. Approximately 19.5% of the company’s stock are short sold.
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. Analysts expect that Twitter will post $0.04 EPS 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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