Twitter Inc. (TWTR) Rating Reiterated by Robert W. Baird
Twitter Inc. (NYSE:TWTR)‘s stock had its “neutral” rating reiterated by research analysts at Robert W. Baird in a research report issued on Tuesday. They presently have a $16.00 price target on the social networking company’s stock. Robert W. Baird’s target price points to a potential downside of 4.36% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. SunTrust Banks Inc. restated a “buy” rating and issued a $18.00 target price on shares of Twitter in a research report on Tuesday, June 21st. MKM Partners restated a “buy” rating on shares of Twitter in a research report on Wednesday, June 22nd. Cantor Fitzgerald restated a “buy” rating on shares of Twitter in a research report on Sunday, July 10th. Monness Crespi & Hardt downgraded Twitter from a “buy” rating to a “neutral” rating in a research report on Monday, July 11th. Finally, Canaccord Genuity restated a “buy” rating and issued a $20.00 target price on shares of Twitter in a research report on Monday, July 11th. Twelve equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.42.
Shares of Twitter (NYSE:TWTR) traded up 0.8697% during trading on Tuesday, hitting $16.8755. The stock had a trading volume of 11,748,501 shares. The company’s market cap is $11.82 billion. Twitter has a 12-month low of $13.73 and a 12-month high of $31.87. The stock’s 50 day moving average is $19.80 and its 200-day moving average is $17.42.
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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, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The business 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 business’s revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. Analysts forecast that Twitter will post $0.51 earnings per share for the current year.
In other news, insider Adam Messinger sold 52,914 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Kaiden sold 3,604 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $20.06, for a total value of $72,296.24. The disclosure for this sale can be found here. 10.79% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Twitter by 36.5% in the second quarter. Vanguard Group Inc. now owns 33,938,829 shares of the social networking company’s stock worth $573,906,000 after buying an additional 9,067,613 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised 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 raised 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 raised 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 purchased a new stake in shares of Twitter during the third quarter worth about $100,874,000. Institutional investors and hedge funds own 41.84% 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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