Twitter Inc. (TWTR) Earns Neutral Rating from Robert W. Baird
Twitter Inc. (NYSE:TWTR)‘s stock had its “neutral” rating reissued by Robert W. Baird in a report released on Tuesday. They currently have a $16.00 price target on the social networking company’s stock. Robert W. Baird’s price target points to a potential downside of 4.36% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the company. RBC Capital Markets reaffirmed an “underperform” rating and issued a $14.00 target price on shares of Twitter in a report on Saturday. Canaccord Genuity reiterated a “hold” rating and issued a $16.00 price target on shares of Twitter in a research report on Wednesday, October 12th. Deutsche Bank AG reiterated a “buy” rating and issued a $22.00 price target on shares of Twitter in a research report on Wednesday, October 12th. SunTrust Banks Inc. reiterated a “hold” rating and issued a $18.00 price target on shares of Twitter in a research report on Wednesday, October 12th. Finally, Evercore ISI upgraded Twitter from a “sell” rating to a “hold” rating and set a $17.00 price target on the stock in a research report on Tuesday, October 11th. Twelve investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.42.
Twitter (NYSE:TWTR) traded up 1.08% during midday trading on Tuesday, hitting $16.91. The stock had a trading volume of 11,346,720 shares. The stock’s market capitalization is $11.84 billion. The company’s 50 day moving average price is $19.80 and its 200-day moving average price is $17.42. 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 issued its earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $602 million during the quarter, compared to analysts’ expectations of $606.37 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities analysts anticipate that Twitter will post $0.51 earnings per share for the current fiscal year.
In other Twitter news, CAO Robert Kaiden sold 12,990 shares of Twitter stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $217,712.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Adam Messinger sold 4,901 shares of Twitter stock in a transaction that occurred 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. Corporate insiders own 10.79% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TWTR. Vanguard Group Inc. boosted its stake in Twitter by 36.5% in the second quarter. Vanguard Group Inc. now owns 33,938,829 shares of the social networking company’s stock valued at $573,906,000 after buying an additional 9,067,613 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Twitter by 3.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 14,720,526 shares of the social networking company’s stock worth $248,924,000 after buying an additional 500,681 shares in the last quarter. State Street Corp boosted its stake in shares of Twitter by 3.5% in the first quarter. State Street Corp now owns 9,367,582 shares of the social networking company’s stock worth $155,031,000 after buying an additional 317,209 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Twitter by 17.7% in the second quarter. First Trust Advisors LP now owns 5,249,841 shares of the social networking company’s stock worth $88,775,000 after buying an additional 787,807 shares in the last quarter. Finally, Amerigo Asset Management bought a new stake in shares of Twitter during the third quarter worth approximately $100,874,000. 41.84% of the stock is currently owned by institutional investors and hedge funds.
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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