Twitter, Inc. (NYSE:TWTR) has been assigned an average recommendation of “Hold” from the forty-nine research firms that are presently covering the firm, Marketbeat.com reports. Seventeen research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.11.

Several research firms recently weighed in on TWTR. MKM Partners reiterated a “neutral” rating and set a $18.00 price objective (up previously from $16.00) on shares of Twitter in a research note on Thursday, August 10th. Cowen and Company reiterated an “underperform” rating and set a $14.00 price objective (up previously from $12.00) on shares of Twitter in a research note on Friday, July 28th. Mizuho began coverage on shares of Twitter in a research note on Monday, August 7th. They set an “underperform” rating and a $14.50 price objective on the stock. Citigroup Inc. reiterated a “sell” rating and set a $12.00 price objective on shares of Twitter in a research note on Thursday, August 10th. Finally, SunTrust Banks, Inc. began coverage on shares of Twitter in a research note on Tuesday, August 15th. They set a “hold” rating and a $16.00 price objective on the stock.

Shares of Twitter (NYSE TWTR) opened at 17.45 on Friday. The firm’s market capitalization is $12.79 billion. The firm has a 50-day moving average price of $16.87 and a 200-day moving average price of $16.83. Twitter has a 1-year low of $14.12 and a 1-year high of $25.25. Twitter also was the target of some unusual options trading activity on Thursday. Stock investors purchased 40,001 call options on the company. This represents an increase of approximately 218% compared to the average volume of 12,588 call options.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $574 million for the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 EPS. On average, analysts forecast that Twitter will post $0.33 EPS for the current fiscal year.

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In other Twitter news, General Counsel Vijaya Gadde sold 7,500 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $18.03, for a total value of $135,225.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Evan Clark Williams sold 276,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $16.84, for a total transaction of $4,647,840.00. Following the completion of the transaction, the director now directly owns 2,816,819 shares of the company’s stock, valued at $47,435,231.96. The disclosure for this sale can be found here. Insiders have sold a total of 2,091,670 shares of company stock valued at $37,741,115 over the last three months. 10.79% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clinton Group Inc. raised its stake in shares of Twitter by 28.8% in the first quarter. Clinton Group Inc. now owns 103,394 shares of the social networking company’s stock worth $1,546,000 after acquiring an additional 23,128 shares during the last quarter. World Asset Management Inc raised its stake in shares of Twitter by 26.1% in the first quarter. World Asset Management Inc now owns 27,077 shares of the social networking company’s stock worth $405,000 after acquiring an additional 5,597 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Twitter by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock worth $519,000 after acquiring an additional 12,690 shares during the last quarter. Allen Investment Management LLC bought a new position in shares of Twitter in the second quarter worth about $7,169,000. Finally, Contrarius Investment Management Ltd raised its stake in shares of Twitter by 17.4% in the second quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock worth $99,233,000 after acquiring an additional 822,455 shares during the last quarter. 49.17% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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