Shares of Twitter, Inc. (NYSE:TWTR) have been given an average rating of “Hold” by the forty-seven brokerages that are covering the firm, Marketbeat.com reports. Fifteen equities research analysts have rated the stock with a sell recommendation, twenty-five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.11.

A number of equities research analysts have issued reports on the stock. OTR Global raised shares of Twitter from a “negative” rating to a “mixed” rating in a report on Thursday, July 13th. Vetr raised shares of Twitter from a “hold” rating to a “buy” rating and set a $18.35 price objective for the company in a research note on Tuesday, June 6th. Pivotal Research reaffirmed a “hold” rating and set a $17.00 price objective (up from $15.00) on shares of Twitter in a research note on Monday, July 17th. Wells Fargo & Company reiterated a “market perform” rating on shares of Twitter in a report on Saturday, July 22nd. Finally, Barclays PLC reiterated a “sell” rating and set a $16.00 target price on shares of Twitter in a report on Friday, July 28th.

Twitter (NYSE:TWTR) opened at 17.59 on Wednesday. The company’s market capitalization is $12.89 billion. Twitter has a 52-week low of $14.12 and a 52-week high of $25.25. The stock has a 50 day moving average price of $17.06 and a 200 day moving average price of $17.08.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $574.00 million during 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 firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. Equities research analysts forecast that Twitter will post $0.33 earnings per share for the current year.

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In other news, General Counsel Vijaya Gadde sold 7,500 shares of Twitter stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $18.03, for a total transaction of $135,225.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Evan Clark Williams sold 853,700 shares of Twitter stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the sale, the director now owns 2,735,038 shares in the company, valued at approximately $53,005,036.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,253,600 shares of company stock worth $40,779,711. Insiders own 9.18% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vivaldi Asset Management LLC bought a new stake in Twitter in the 2nd quarter valued at $7,521,000. Allen Investment Management LLC purchased a new stake in Twitter in the 2nd quarter worth $7,169,000. State of Alaska Department of Revenue lifted its stake in Twitter by 77.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock worth $519,000 after purchasing an additional 12,690 shares in the last quarter. Contrarius Investment Management Ltd boosted its holdings in shares of Twitter by 17.4% during the 2nd quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock valued at $99,233,000 after purchasing an additional 822,455 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new position in shares of Twitter during the 2nd quarter valued at about $315,000. 49.14% 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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