Investment analysts at SunTrust Banks, Inc. started coverage on shares of Twitter, Inc. (NYSE:TWTR) in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage set a “hold” rating on the social networking company’s stock.

Several other brokerages have also issued reports on TWTR. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $15.00 target price on shares of Twitter in a research report on Saturday, July 22nd. Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 target price on shares of Twitter in a research report on Saturday, July 22nd. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Twitter in a research report on Saturday, July 22nd. Canaccord Genuity reaffirmed a “hold” rating and set a $15.00 target price on shares of Twitter in a research report on Monday, July 24th. Finally, Wedbush lowered Twitter from an “outperform” rating to a “neutral” rating and upped their target price for the company from $14.00 to $16.00 in a research report on Monday, July 24th. Sixteen research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $15.59.

Shares of Twitter (NYSE TWTR) traded down 0.87% during trading on Tuesday, hitting $15.95. The stock had a trading volume of 5,948,142 shares. The company’s market cap is $11.69 billion. The stock has a 50-day moving average price of $17.86 and a 200 day moving average price of $16.87. Twitter has a 12 month low of $14.12 and a 12 month high of $25.25.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The company had revenue of $574 million for the quarter, compared to analyst estimates of $536.63 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts expect that Twitter will post $0.34 EPS for the current fiscal year.

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In other news, Director Evan Clark Williams sold 273,300 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $16.16, for a total transaction of $4,416,528.00. Following the completion of the transaction, the director now directly owns 2,710,576 shares in the company, valued at $43,802,908.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert Kaiden sold 2,815 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $18.37, for a total value of $51,711.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,337,873 shares of company stock valued at $42,520,779. Company insiders own 9.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in Twitter during the first quarter worth about $244,000. Nisa Investment Advisors LLC raised its position in Twitter by 3.9% in the first quarter. Nisa Investment Advisors LLC now owns 106,400 shares of the social networking company’s stock worth $1,591,000 after buying an additional 4,000 shares during the period. Kessler Investment Group LLC raised its position in Twitter by 90.7% in the first quarter. Kessler Investment Group LLC now owns 22,890 shares of the social networking company’s stock worth $342,000 after buying an additional 10,884 shares during the period. DnB Asset Management AS raised its position in Twitter by 20.0% in the first quarter. DnB Asset Management AS now owns 52,100 shares of the social networking company’s stock worth $779,000 after buying an additional 8,700 shares during the period. Finally, TB Alternative Assets Ltd. bought a new position in Twitter during the first quarter worth about $4,486,000. Hedge funds and other institutional investors own 47.36% 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.

The Fly

Analyst Recommendations for Twitter (NYSE:TWTR)

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