Twitter, Inc. (NYSE:TWTR) had its target price upped by equities researchers at Bank of America Corporation from $15.50 to $17.00 in a research note issued to investors on Tuesday. The brokerage presently has an “underperform” rating on the social networking company’s stock. Bank of America Corporation’s price objective points to a potential downside of 14.87% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 target price for the company in a research report on Monday, June 12th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research report on Friday, April 28th. Aegis reaffirmed a “sell” rating and issued a $12.00 target price on shares of Twitter in a research report on Thursday, April 13th. Barclays PLC reaffirmed an “underweight” rating and issued a $14.00 target price on shares of Twitter in a research report on Monday, April 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $20.00 target price on shares of Twitter in a research report on Friday, April 28th. Sixteen investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.34.

Twitter (NYSE:TWTR) traded down 0.15% on Tuesday, reaching $19.97. The company’s stock had a trading volume of 13,591,593 shares. The firm’s market cap is $14.49 billion. Twitter has a 12 month low of $14.12 and a 12 month high of $25.25. The firm’s 50 day moving average is $18.21 and its 200-day moving average is $16.91.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Wednesday, April 26th. The social networking company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.27. Twitter had a negative net margin of 17.67% and a negative return on equity of 4.23%. The business had revenue of $548 million for the quarter, compared to analyst estimates of $513.04 million. During the same quarter last year, the firm earned $0.15 EPS. The company’s revenue was down 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Twitter will post $0.34 EPS for the current year.

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In other Twitter news, CEO Jack Dorsey acquired 574,002 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were purchased at an average price of $16.62 per share, with a total value of $9,539,913.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Kaiden sold 4,569 shares of the company’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 disclosure for this sale can be found here. Insiders have sold 2,764,042 shares of company stock worth $51,116,529 in the last ninety days. 9.18% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mosaic Family Wealth LLC raised its stake in Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock valued at $105,000 after buying an additional 875 shares during the period. Advisory Services Network LLC purchased a new stake in Twitter during the first quarter valued at $107,000. Nicolet Bankshares Inc. raised its stake in Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock valued at $117,000 after buying an additional 5,434 shares during the period. Westside Investment Management Inc. raised its stake in Twitter by 46.0% in the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock valued at $152,000 after buying an additional 3,295 shares during the period. Finally, TRUE Private Wealth Advisors purchased a new stake in Twitter during the first quarter valued at $153,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

About Twitter

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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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