Stifel Nicolaus Reaffirms “Hold” Rating for Twitter (TWTR)

Twitter (NYSE:TWTR)‘s stock had its “hold” rating reissued by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday, MarketBeat reports. They currently have a $21.00 target price on the social networking company’s stock, up from their previous target price of $17.00. Stifel Nicolaus’ target price would indicate a potential downside of 11.24% from the stock’s current price.

A number of other equities research analysts have also commented on TWTR. Jefferies Group restated a “hold” rating and set a $16.00 price objective on shares of Twitter in a report on Thursday, September 28th. BidaskClub lowered shares of Twitter from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Morgan Stanley restated an “underweight” rating and set a $10.00 price objective on shares of Twitter in a report on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of Twitter in a report on Wednesday, October 4th. Finally, Vetr lowered shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 price objective on the stock. in a report on Wednesday, October 4th. Ten research analysts have rated the stock with a sell rating, twenty have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Twitter has an average rating of “Hold” and a consensus target price of $19.73.

Twitter (TWTR) traded down $0.38 on Friday, reaching $23.66. 17,512,133 shares of the company’s stock traded hands, compared to its average volume of 18,790,000. Twitter has a 12 month low of $14.12 and a 12 month high of $25.85. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $17,570.00, a price-to-earnings ratio of -46.39, a PEG ratio of 10.48 and a beta of 1.11.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The business had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. During the same period last year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. research analysts forecast that Twitter will post 0.02 earnings per share for the current fiscal year.

In other news, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $24.17, for a total value of $443,446.99. Following the completion of the transaction, the director now owns 2,291,665 shares of the company’s stock, valued at approximately $55,389,543.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert Kaiden sold 6,574 shares of Twitter stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $20.59, for a total transaction of $135,358.66. The disclosure for this sale can be found here. In the last three months, insiders sold 5,320,712 shares of company stock valued at $113,341,301. Insiders own 10.79% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Exane Derivatives grew its position in shares of Twitter by 18.7% in the 3rd quarter. Exane Derivatives now owns 59,516 shares of the social networking company’s stock valued at $1,004,000 after acquiring an additional 9,363 shares during the period. Toronto Dominion Bank grew its position in shares of Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after acquiring an additional 1,333 shares during the period. Global X MANAGEMENT CO LLC grew its position in shares of Twitter by 16.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 835,541 shares of the social networking company’s stock valued at $14,096,000 after acquiring an additional 116,985 shares during the period. PineView Asset Management LP boosted its holdings in shares of Twitter by 179.4% during the 2nd quarter. PineView Asset Management LP now owns 799,121 shares of the social networking company’s stock worth $35,689,000 after buying an additional 513,084 shares during the period. Finally, Amerigo Asset Management boosted its holdings in shares of Twitter by 46.2% during the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after buying an additional 2,172,000 shares during the period. 50.69% of the stock is owned by institutional investors.

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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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