Twitter Inc. (TWTR) Rating Reiterated by Susquehanna
Twitter Inc. (NYSE:TWTR)‘s stock had its “neutral” rating reiterated by Susquehanna in a research note issued to investors on Wednesday. They presently have a $15.00 price objective on the social networking company’s stock. Susquehanna’s target price suggests a potential downside of 24.43% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. Canaccord Genuity reaffirmed a “buy” rating on shares of Twitter in a research note on Sunday, September 25th. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $22.10 price objective for the company in a research note on Monday, September 5th. Jefferies Group reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Twitter in a research note on Monday, August 22nd. Evercore ISI lowered shares of Twitter from a “hold” rating to a “sell” rating and cut their target price for the stock from $18.00 to $17.00 in a research report on Thursday, August 18th. Finally, Zacks Investment Research lowered shares of Twitter from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Thirteen research analysts have rated the stock with a sell rating, twenty-six have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.66.
Shares of Twitter (NYSE:TWTR) traded down 0.10% during trading on Wednesday, reaching $19.85. The company’s stock had a trading volume of 38,675,653 shares. The stock’s market capitalization is $13.90 billion. Twitter has a 1-year low of $13.73 and a 1-year high of $31.87. The company’s 50-day moving average price is $19.97 and its 200 day moving average price is $17.35.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/twitter-inc-twtr-rating-reiterated-by-susquehanna.html
Twitter (NYSE:TWTR) last released its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating 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 business earned $602 million during the quarter, compared to analyst estimates of $606.37 million. During the same quarter in the previous year, the business earned $0.07 EPS. Twitter’s quarterly revenue was up 19.9% compared to the same quarter last year. Analysts anticipate that Twitter will post $0.51 EPS for the current year.
In other news, insider Adam Messinger sold 4,901 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $23.64, for a total transaction of $115,859.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robert Kaiden sold 12,990 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $217,712.40. The disclosure for this sale can be found here. 10.79% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. 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 valued at $113,000 after buying an additional 950 shares during the period. 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 valued at $113,000 after buying an additional 3,099 shares during the period. 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 valued at $129,000 after buying an additional 5,115 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Twitter during the second quarter valued at $152,000. Finally, Peapack Gladstone Financial Corp acquired a new stake in shares of Twitter during the first quarter valued at $169,000. 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.
Receive News & Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related companies with MarketBeat.com's FREE daily email newsletter.