Twitter, Inc. (NYSE:TWTR) Downgraded by BidaskClub
BidaskClub cut shares of Twitter, Inc. (NYSE:TWTR) from a buy rating to a hold rating in a report issued on Friday.
Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC reaffirmed a buy rating and issued a $20.00 price objective on shares of Twitter in a report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $20.00 price objective on shares of Twitter in a report on Friday, April 28th. BTIG Research reaffirmed a buy rating on shares of Twitter in a report on Friday, April 28th. Drexel Hamilton reaffirmed a buy rating on shares of Twitter in a report on Tuesday, May 2nd. Finally, Vetr raised shares of Twitter from a hold rating to a buy rating and set a $18.68 price objective for the company in a report on Monday, May 29th. Sixteen investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have issued a buy rating to the stock. Twitter presently has a consensus rating of Hold and an average price target of $15.55.
Shares of Twitter (NYSE:TWTR) traded up 0.715% during mid-day trading on Friday, reaching $16.205. 9,308,558 shares of the company were exchanged. The company’s 50-day moving average is $18.25 and its 200 day moving average is $16.93. Twitter has a 12 month low of $14.12 and a 12 month high of $25.25. The firm’s market capitalization is $11.83 billion.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $574 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 2.93%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Analysts predict that Twitter will post $0.34 EPS for the current year.
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In other Twitter news, Director Evan Clark Williams sold 276,000 shares of the stock in a transaction on 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 in the company, valued at $47,435,231.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Vijaya Gadde sold 7,500 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $18.03, for a total value of $135,225.00. The disclosure for this sale can be found here. Insiders sold 2,751,973 shares of company stock valued at $50,901,432 over the last 90 days. 9.18% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC raised its position in Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock valued at $105,000 after buying an additional 875 shares in the last quarter. Advisory Services Network LLC bought a new position in Twitter during the first quarter valued at about $107,000. Nicolet Bankshares Inc. raised its position in Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock valued at $117,000 after buying an additional 5,434 shares in the last quarter. Westside Investment Management Inc. raised its position in Twitter by 46.0% in the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock valued at $152,000 after buying an additional 3,295 shares in the last quarter. Finally, TRUE Private Wealth Advisors bought a new position in Twitter during the first quarter valued at about $153,000. Hedge funds and other institutional investors own 47.41% 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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