Twitter Inc. (TWTR) Given “Sell” Rating at Loop Capital
Twitter Inc. (NYSE:TWTR)‘s stock had its “sell” rating reissued by investment analysts at Loop Capital in a note issued to investors on Saturday. They currently have a $18.00 target price on the social networking company’s stock. Loop Capital’s target price indicates a potential downside of 9.32% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. MKM Partners reissued a “buy” rating on shares of Twitter in a report on Wednesday, June 22nd. SunTrust Banks Inc. reissued a “buy” rating and issued a $18.00 price target on shares of Twitter in a report on Tuesday, June 21st. Cantor Fitzgerald reissued a “buy” rating on shares of Twitter in a report on Sunday, July 10th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $22.00 price target on shares of Twitter in a report on Tuesday, July 12th. Finally, Pivotal Research reissued a “buy” rating and issued a $26.00 price target (down previously from $27.00) on shares of Twitter in a report on Tuesday, July 12th. Thirteen analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Twitter presently has an average rating of “Hold” and an average target price of $19.66.
Shares of Twitter (NYSE:TWTR) opened at 19.85 on Friday. The firm’s 50 day moving average is $19.97 and its 200-day moving average is $17.35. The company’s market capitalization is $13.90 billion. Twitter has a 52-week low of $13.73 and a 52-week high of $31.87.
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Twitter (NYSE:TWTR) last announced its earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $602 million for the quarter, compared to analyst estimates of $606.37 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Twitter’s revenue was up 19.9% compared to the same quarter last year. Equities research analysts anticipate that Twitter will post $0.51 earnings per share for the current fiscal year.
In related news, insider Adam Messinger sold 52,914 shares of Twitter 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 document filed with the SEC, which can be accessed through this link. Also, insider Robert Kaiden sold 3,604 shares of Twitter stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $20.06, for a total value of $72,296.24. The disclosure for this sale can be found here. Insiders own 10.79% of the company’s stock.
Several institutional investors have recently bought and sold shares of TWTR. Vanguard Group Inc. raised its position in Twitter by 36.5% in the second quarter. Vanguard Group Inc. now owns 33,938,829 shares of the social networking company’s stock worth $573,906,000 after buying an additional 9,067,613 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Twitter by 307.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,886,736 shares of the social networking company’s stock worth $48,815,000 after buying an additional 2,177,825 shares in the last quarter. Quantitative Investment Management LLC bought a new position in Twitter during the second quarter worth approximately $22,334,000. Contrarius Investment Management Ltd raised its position in Twitter by 25.6% in the second quarter. Contrarius Investment Management Ltd now owns 4,147,508 shares of the social networking company’s stock worth $70,134,000 after buying an additional 844,273 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Twitter during the first quarter worth approximately $13,056,000. 41.87% of the stock is currently owned by institutional investors.
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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