Twitter Inc. (TWTR) Earns Sell Rating from Loop Capital
Twitter Inc. (NYSE:TWTR)‘s stock had its “sell” rating restated by Loop Capital in a report issued on Saturday. They presently have a $18.00 price objective on the social networking company’s stock. Loop Capital’s price target indicates a potential downside of 9.32% from the company’s previous close.
TWTR has been the topic of several other reports. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $20.69 price target on the stock in a research report on Monday, August 29th. Nomura reiterated a “neutral” rating and issued a $13.00 price target on shares of Twitter in a research report on Wednesday, September 28th. Morgan Stanley reiterated a “sell” rating on shares of Twitter in a research report on Thursday, September 29th. Cantor Fitzgerald reiterated a “hold” rating and issued a $18.00 price target on shares of Twitter in a research report on Wednesday, September 14th. Finally, Jefferies Group reissued a “buy” rating and issued a $23.00 price target on shares of Twitter in a research note on Tuesday, August 9th. Thirteen equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Twitter presently has a consensus rating of “Hold” and a consensus price target of $19.66.
Twitter (NYSE:TWTR) opened at 19.85 on Friday. The company has a 50-day moving average of $19.97 and a 200 day moving average of $17.35. Twitter has a 12-month low of $13.73 and a 12-month high of $31.87. The stock’s market cap is $13.90 billion.
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Twitter (NYSE:TWTR) last issued its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The firm had revenue of $602 million for the quarter, compared to analysts’ expectations of $606.37 million. During the same period in the previous year, the business earned $0.07 earnings per share. Twitter’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities analysts anticipate that Twitter will post $0.51 earnings per share for the current year.
In other Twitter news, insider Adam Messinger sold 52,914 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Kaiden sold 13,231 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $17.87, for a total value of $236,437.97. The disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TWTR. Swiss National Bank increased its position in Twitter by 3.7% in the second quarter. Swiss National Bank now owns 1,564,600 shares of the social networking company’s stock worth $26,457,000 after buying an additional 56,500 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Twitter by 21.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 901,244 shares of the social networking company’s stock worth $15,240,000 after buying an additional 158,309 shares in the last quarter. ING Groep NV increased its position in Twitter by 12.2% in the second quarter. ING Groep NV now owns 324,421 shares of the social networking company’s stock worth $5,479,000 after buying an additional 35,385 shares in the last quarter. Legal & General Group Plc increased its position in Twitter by 4.1% in the first quarter. Legal & General Group Plc now owns 1,756,013 shares of the social networking company’s stock worth $29,062,000 after buying an additional 69,951 shares in the last quarter. Finally, State Street Corp increased its position in Twitter by 3.5% in the first quarter. State Street Corp now owns 9,367,582 shares of the social networking company’s stock worth $155,031,000 after buying an additional 317,209 shares in the last quarter. Hedge funds and other institutional investors own 41.87% of the company’s stock.
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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