Twitter Inc. (TWTR) Upgraded to “Hold” by TheStreet
Twitter Inc. (NYSE:TWTR) was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Several other research analysts have also recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating on shares of Twitter in a research report on Sunday, September 25th. Vetr raised Twitter from a “buy” rating to a “strong-buy” rating and set a $22.10 price objective for the company in a research report on Monday, September 5th. Jefferies Group reaffirmed a “buy” rating and set a $23.00 price objective on shares of Twitter in a research report on Monday, August 22nd. Evercore ISI cut Twitter from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $18.00 to $17.00 in a research report on Thursday, August 18th. Finally, Zacks Investment Research cut Twitter from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Fourteen investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.63.
Shares of Twitter (NYSE:TWTR) traded down 0.10% on Wednesday, reaching $19.85. The company’s stock had a trading volume of 38,675,653 shares. The firm’s market cap is $13.90 billion. The company’s 50 day moving average is $19.97 and its 200-day moving average is $17.35. Twitter has a 1-year low of $13.73 and a 1-year high of $31.87.
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Twitter (NYSE:TWTR) last posted its earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The firm earned $602 million during the quarter, compared to analysts’ expectations of $606.37 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. Equities research analysts expect that Twitter will post $0.51 EPS for the current year.
In other Twitter news, CAO Robert Kaiden sold 12,990 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $16.76, for a total transaction of $217,712.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Messinger sold 52,914 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $16.76, for a total transaction of $886,838.64. The disclosure for this sale can be found here. 10.79% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted its stake in shares of Twitter by 24.1% in the third quarter. Advisory Services Network LLC now owns 4,890 shares of the social networking company’s stock worth $113,000 after buying an additional 950 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock worth $113,000 after buying an additional 3,099 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Twitter by 204.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,618 shares of the social networking company’s stock worth $129,000 after buying an additional 5,115 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Twitter during the second quarter worth about $152,000. Finally, Peapack Gladstone Financial Corp acquired a new stake in shares of Twitter during the first quarter worth about $169,000. 41.87% of the stock is currently owned by institutional investors and hedge funds.
Twitter Company Profile
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.
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