Twitter, Inc. (TWTR) Stock Rating Upgraded by BidaskClub
Twitter, Inc. (NYSE:TWTR) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
Several other research firms also recently weighed in on TWTR. Vetr downgraded Twitter from a “strong-buy” rating to a “hold” rating and set a $18.68 price target for the company. in a research report on Tuesday, May 23rd. BMO Capital Markets reissued a “hold” rating and set a $17.00 price target on shares of Twitter in a research report on Sunday, July 16th. Cantor Fitzgerald restated a “neutral” rating and set a $16.00 price objective on shares of Twitter in a report on Tuesday, July 25th. J P Morgan Chase & Co restated a “neutral” rating and set a $15.00 price objective on shares of Twitter in a report on Saturday, July 22nd. Finally, Wedbush cut Twitter from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $14.00 to $16.00 in a report on Monday, July 24th. Seventeen analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.49.
Twitter (NYSE TWTR) traded down 1.10% during midday trading on Friday, hitting $18.01. The company had a trading volume of 12,649,429 shares. The stock’s 50-day moving average price is $16.69 and its 200-day moving average price is $16.90. Twitter has a 52-week low of $14.12 and a 52-week high of $25.25. The stock’s market cap is $13.20 billion.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $574.00 million during the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. Twitter’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. On average, equities research analysts expect that Twitter will post $0.33 EPS for the current fiscal year.
In other news, Director Evan Clark Williams sold 452,500 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $17.82, for a total transaction of $8,063,550.00. Following the completion of the transaction, the director now directly owns 2,789,339 shares in the company, valued at $49,706,020.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Kaiden sold 4,725 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $16.06, for a total value of $75,883.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,361,870 shares of company stock valued at $43,006,805. Insiders own 10.79% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TWTR. Intl Fcstone Inc. lifted its position in Twitter by 174.1% in the second quarter. Intl Fcstone Inc. now owns 37,151 shares of the social networking company’s stock worth $664,000 after purchasing an additional 23,599 shares during the period. Toronto Dominion Bank lifted its position in Twitter by 21.3% in the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after purchasing an additional 1,333 shares during the period. EP Wealth Advisors LLC acquired a new stake in Twitter in the second quarter worth approximately $211,000. Public Employees Retirement System of Ohio lifted its position in Twitter by 2.3% in the second quarter. Public Employees Retirement System of Ohio now owns 284,027 shares of the social networking company’s stock worth $5,076,000 after purchasing an additional 6,446 shares during the period. Finally, National Asset Management Inc. lifted its position in Twitter by 14.4% in the second quarter. National Asset Management Inc. now owns 59,272 shares of the social networking company’s stock worth $1,060,000 after purchasing an additional 7,460 shares during the period. Institutional investors and hedge funds own 49.17% of the company’s stock.
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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