Deutsche Bank AG Reaffirms Buy Rating for Twitter Inc. (TWTR)
Twitter Inc. (NYSE:TWTR)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a research note issued to investors on Wednesday. They currently have a $22.00 price target on the social networking company’s stock. Deutsche Bank AG’s target price suggests a potential upside of 21.88% from the stock’s previous close.
Several other research analysts have also recently issued reports on the company. SunTrust Banks Inc. reaffirmed a “hold” rating and issued a $18.00 price target on shares of Twitter in a report on Wednesday. Evercore ISI raised Twitter from a “sell” rating to a “hold” rating and set a $17.00 price target on the stock in a report on Tuesday. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Twitter in a report on Monday. Loop Capital reissued a “sell” rating and set a $18.00 target price on shares of Twitter in a research note on Saturday. Finally, Vetr raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $24.69 target price on the stock in a research note on Monday. Twelve investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Twitter currently has an average rating of “Hold” and a consensus price target of $19.64.
Shares of Twitter (NYSE:TWTR) traded up 0.28% on Wednesday, reaching $18.05. The company had a trading volume of 23,485,524 shares. The company has a 50 day moving average price of $19.91 and a 200 day moving average price of $17.38. The stock’s market capitalization is $12.64 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 released its earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm earned $602 million during the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, equities research analysts anticipate that Twitter will post $0.51 earnings per share for the current year.
In other Twitter news, insider Robert Kaiden sold 3,604 shares of Twitter stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $20.06, for a total value of $72,296.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam Messinger sold 4,901 shares of Twitter 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 disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.
Large investors have recently modified their holdings of the stock. Integrated Investment Consultants LLC increased 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 worth $113,000 after buying an additional 3,099 shares during the period. Advisory Services Network LLC increased 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 worth $113,000 after buying an additional 950 shares during the period. Mizuho Asset Management Co. Ltd. increased 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 worth $129,000 after buying an additional 5,115 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Twitter during the second quarter worth approximately $152,000. Finally, Hartford Investment Management Co. increased its position 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 period. Hedge funds and other institutional investors own 41.87% of the company’s stock.
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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