Twitter Inc. (TWTR) Earns Neutral Rating from Monness Crespi & Hardt
Twitter Inc. (NYSE:TWTR)‘s stock had its “neutral” rating reaffirmed by Monness Crespi & Hardt in a report issued on Monday.
Several other equities analysts also recently issued reports on the company. Canaccord Genuity reiterated a “buy” rating on shares of Twitter in a research report on Sunday, September 25th. Vetr upgraded 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 reiterated a “buy” rating and issued a $23.00 price objective on shares of Twitter in a research report on Monday, August 22nd. Evercore ISI downgraded Twitter from a “hold” rating to a “sell” rating and dropped their target price for the stock from $18.00 to $17.00 in a research report on Thursday, August 18th. Finally, Zacks Investment Research downgraded 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 issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Twitter presently has an average rating of “Hold” and an average target price of $19.66.
Twitter (NYSE:TWTR) traded down 12.09% during trading on Monday, hitting $17.45. The company had a trading volume of 16,572,226 shares. The firm 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 company’s market capitalization is $12.22 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 the consensus estimate of $606.37 million. During the same quarter in the previous year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts forecast that Twitter will post $0.51 earnings per share for the current year.
In other Twitter news, insider Adam Messinger sold 4,901 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $23.64, for a total transaction of $115,859.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. 10.79% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. 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. 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. 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, Hartford Investment Management Co. boosted its stake in shares of Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock worth $174,000 after buying an additional 192 shares during the last quarter. 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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