Twitter, Inc. (TWTR) PT Raised to $16.00
Twitter, Inc. (NYSE:TWTR) had its price objective lifted by investment analysts at Wedbush to $16.00 in a report released on Monday, The Fly reports. The firm presently has a “neutral” rating on the social networking company’s stock. Wedbush’s price objective would indicate a potential downside of 20.44% from the company’s current price.
TWTR has been the topic of several other reports. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Twitter in a research note on Tuesday, April 18th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Twitter in a research note on Saturday, June 3rd. Barclays PLC upped their price target on shares of Twitter from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Monday, May 1st. Pivotal Research reaffirmed a “hold” rating and set a $17.00 price target (up from $15.00) on shares of Twitter in a research note on Monday, July 17th. Finally, Deutsche Bank AG upped their price target on shares of Twitter from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Sixteen analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.27.
Shares of Twitter (NYSE:TWTR) opened at 20.11 on Monday. Twitter has a one year low of $14.12 and a one year high of $25.25. The stock’s market capitalization is $14.59 billion. The company’s 50-day moving average is $18.12 and its 200-day moving average is $16.86.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Wednesday, April 26th. The social networking company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.27. The company had revenue of $548 million for the quarter, compared to analysts’ expectations of $513.04 million. Twitter had a negative net margin of 17.67% and a negative return on equity of 4.23%. Twitter’s revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, equities research analysts anticipate that Twitter will post $0.34 earnings per share for the current year.
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In other Twitter news, insider Robert Kaiden sold 4,569 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $17.35, for a total value of $79,272.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jack Dorsey bought 574,002 shares of the business’s stock in a transaction on Friday, April 28th. The stock was bought at an average price of $16.62 per share, for a total transaction of $9,539,913.24. The disclosure for this purchase can be found here. Insiders have sold 2,764,042 shares of company stock worth $51,116,529 over the last 90 days. 9.18% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of TWTR. Reliance Trust Co. of Delaware boosted its stake in Twitter by 33.0% in the first quarter. Reliance Trust Co. of Delaware now owns 80,951 shares of the social networking company’s stock worth $1,210,000 after buying an additional 20,080 shares during the last quarter. Berkshire Asset Management LLC PA bought a new stake in Twitter during the first quarter worth about $191,000. CWM LLC boosted its stake in Twitter by 29.2% in the first quarter. CWM LLC now owns 155,704 shares of the social networking company’s stock worth $2,328,000 after buying an additional 35,214 shares during the last quarter. Atria Investments LLC boosted its stake in Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock worth $156,000 after buying an additional 268 shares during the last quarter. Finally, Grassi Investment Management boosted its stake in Twitter by 3.0% in the first quarter. Grassi Investment Management now owns 52,300 shares of the social networking company’s stock worth $782,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 47.45% of the company’s stock.
Twitter Company Profile
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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