Twitter Inc. (TWTR) Downgraded to “Sell” at Vetr Inc.
Twitter Inc. (NYSE:TWTR) was downgraded by equities researchers at Vetr from a “hold” rating to a “sell” rating in a report released on Tuesday. They currently have a $23.06 price target on the social networking company’s stock. Vetr‘s price objective points to a potential upside of 16.17% from the stock’s current price.
A number of other analysts have also recently commented on TWTR. Deutsche Bank AG reaffirmed a “buy” rating on shares of Twitter in a report on Sunday, July 10th. MKM Partners set a $18.50 target price on shares of Twitter and gave the company a “hold” rating in a report on Sunday, September 4th. Pacific Crest reaffirmed a “hold” rating on shares of Twitter in a report on Wednesday, July 27th. Cantor Fitzgerald cut shares of Twitter from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, Argus reaffirmed a “hold” rating on shares of Twitter in a report on Thursday, July 28th. Thirteen analysts have rated the stock with a sell rating, twenty-six have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus target price of $19.66.
Twitter (NYSE:TWTR) traded down 0.10% during mid-day trading on Tuesday, hitting $19.85. 38,675,653 shares of the stock were exchanged. Twitter has a 52 week low of $13.73 and a 52 week high of $31.87. The company has a 50-day moving average of $19.97 and a 200-day moving average of $17.35. The stock’s market capitalization is $13.90 billion.
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Twitter (NYSE:TWTR) last issued its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. The company had revenue of $602 million for the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities analysts predict that Twitter will post $0.51 EPS for the current fiscal year.
In other news, insider Robert Kaiden sold 13,231 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $17.87, for a total transaction of $236,437.97. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Adam Messinger sold 4,901 shares of the business’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 disclosure for this sale can be found here. Insiders own 10.79% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in TWTR. Integrated Investment Consultants LLC boosted its position 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 last quarter. Advisory Services Network LLC boosted its position 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 last quarter. Mizuho Asset Management Co. Ltd. boosted its position 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 last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Twitter during the second quarter valued at $152,000. Finally, Peapack Gladstone Financial Corp purchased a new position in shares of Twitter during the first quarter valued at $169,000. 41.87% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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