Twitter Inc. (TWTR) Receives Buy Rating from Deutsche Bank AG
Twitter Inc. (NYSE:TWTR)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank AG in a research note issued to investors on Wednesday. They currently have a $22.00 target price on the social networking company’s stock. Deutsche Bank AG’s price target suggests a potential upside of 21.88% from the company’s current price.
Other research analysts also recently issued research reports about the company. MKM Partners set a $18.50 price objective on Twitter and gave the company a “hold” rating in a research note on Sunday, September 4th. SunTrust Banks Inc. reiterated a “hold” rating and issued a $18.00 target price on shares of Twitter in a report on Wednesday. Nomura reduced their target price on Twitter from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. Wedbush reiterated a “neutral” rating and issued a $14.00 target price (down from $20.00) on shares of Twitter in a report on Monday, July 25th. Finally, Macquarie reiterated a “neutral” rating on shares of Twitter in a report on Wednesday, July 27th. Twelve investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.64.
Twitter (NYSE:TWTR) traded up 0.28% during mid-day trading on Wednesday, hitting $18.05. 23,480,718 shares of the stock were exchanged. The company’s market capitalization is $12.64 billion. The stock has a 50 day moving average price of $19.91 and a 200 day moving average price of $17.38. Twitter has a 1-year low of $13.73 and a 1-year high of $31.87.
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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 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 company earned $602 million during the quarter, compared to the consensus estimate of $606.37 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. On average, equities analysts anticipate that Twitter will post $0.51 earnings per share for the current fiscal year.
In related news, insider Robert Kaiden sold 3,604 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $20.06, for a total transaction of $72,296.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Messinger sold 4,901 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $23.64, for a total value of $115,859.64. The disclosure for this sale can be found here. 10.79% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of TWTR. Eagle Asset Management Inc. boosted its stake in Twitter by 7.6% in the third quarter. Eagle Asset Management Inc. now owns 535,800 shares of the social networking company’s stock worth $12,350,000 after buying an additional 38,031 shares during the period. Grassi Investment Management boosted its stake in Twitter by 31.8% in the third quarter. Grassi Investment Management now owns 54,250 shares of the social networking company’s stock worth $1,250,000 after buying an additional 13,100 shares during the period. Hills Bank & Trust Co. boosted its stake in Twitter by 3.3% in the third quarter. Hills Bank & Trust Co. now owns 12,345 shares of the social networking company’s stock worth $285,000 after buying an additional 395 shares during the period. Advisory Services Network LLC boosted its stake in 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. Finally, Nadler Financial Group Inc. purchased a new stake in Twitter during the third quarter worth approximately $299,000. 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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