Twitter Inc (NYSE:TWTR) – Equities research analysts at Jefferies Group reduced their FY2017 earnings per share estimates for Twitter in a report issued on Thursday. Jefferies Group analyst B. Thill now forecasts that the social networking company will earn $0.02 per share for the year, down from their prior estimate of $0.03. Jefferies Group has a “Hold” rating and a $22.00 price target on the stock. Jefferies Group also issued estimates for Twitter’s Q4 2017 earnings at $0.05 EPS.
Other research analysts have also issued reports about the company. BidaskClub raised Twitter from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 price objective for the company. in a research report on Wednesday, October 4th. Goldman Sachs Group set a $26.00 price objective on Twitter and gave the stock a “buy” rating in a research report on Friday, October 27th. Argus raised Twitter from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $19.71 to $25.00 in a research report on Friday, November 3rd. Finally, Summit Redstone began coverage on Twitter in a research note on Monday, December 18th. They issued a “buy” rating and a $26.00 target price for the company. Ten research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.90.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The firm had revenue of $590.00 million during the quarter, compared to analyst estimates of $586.22 million. During the same period last year, the company posted $0.09 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in TWTR. Comerica Bank boosted its stake in shares of Twitter by 1.8% in the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock worth $557,000 after buying an additional 489 shares during the last quarter. Federated Investors Inc. PA purchased a new position in shares of Twitter in the 2nd quarter worth approximately $174,000. Prudential Financial Inc. boosted its stake in shares of Twitter by 6.9% in the 2nd quarter. Prudential Financial Inc. now owns 43,650 shares of the social networking company’s stock worth $780,000 after buying an additional 2,800 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Twitter by 72.9% in the 2nd quarter. Principal Financial Group Inc. now owns 73,460 shares of the social networking company’s stock worth $1,313,000 after buying an additional 30,980 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Twitter in the 2nd quarter worth approximately $449,000. Hedge funds and other institutional investors own 50.69% of the company’s stock.
In other Twitter news, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $24.27, for a total transaction of $445,281.69. Following the completion of the transaction, the director now owns 2,328,359 shares in the company, valued at approximately $56,509,272.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Kaiden sold 1,186 shares of Twitter stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total value of $28,985.84. The disclosure for this sale can be found here. Insiders have sold a total of 5,320,712 shares of company stock valued at $113,341,301 in the last quarter. Company insiders own 10.79% of the company’s stock.
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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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