Twitter, Inc. (NYSE:TWTR) Given New $14.00 Price Target at Royal Bank Of Canada
Twitter, Inc. (NYSE:TWTR) had its target price upped by Royal Bank Of Canada from $13.00 to $14.00 in a research report sent to investors on Friday morning, MarketBeat.com reports. They currently have an underperform rating on the social networking company’s stock.
Several other analysts also recently commented on the company. Vetr upgraded Twitter from a buy rating to a strong-buy rating and set a $19.17 target price for the company in a research note on Monday, June 12th. Zacks Investment Research upgraded Twitter from a hold rating to a strong-buy rating and set a $18.00 target price for the company in a research note on Friday, April 28th. Aegis restated a sell rating and issued a $12.00 target price on shares of Twitter in a research note on Thursday, April 13th. Barclays PLC restated an underweight rating and issued a $14.00 target price on shares of Twitter in a research note on Monday, April 17th. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating and issued a $20.00 target price on shares of Twitter in a research note on Friday, April 28th. Sixteen analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $15.55.
Twitter (NYSE:TWTR) opened at 16.09 on Friday. The firm has a 50-day moving average price of $18.25 and a 200-day moving average price of $16.93. Twitter has a 1-year low of $14.12 and a 1-year high of $25.25. The firm’s market capitalization is $11.75 billion.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.93% and a negative net margin of 18.25%. The firm had revenue of $574 million during the quarter, compared to analyst estimates of $536.63 million. During the same period last year, the company posted $0.13 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts expect that Twitter will post $0.34 earnings per share for the current fiscal year.
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In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $18.28, for a total transaction of $274,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Evan Clark Williams sold 276,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $16.84, for a total transaction of $4,647,840.00. Following the transaction, the director now directly owns 2,816,819 shares of the company’s stock, valued at approximately $47,435,231.96. The disclosure for this sale can be found here. Insiders have sold 2,751,973 shares of company stock valued at $50,901,432 in the last ninety days. Insiders own 9.18% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Comerica Bank purchased a new stake in Twitter during the fourth quarter worth approximately $473,000. Perigon Wealth Management LLC boosted its stake in Twitter by 1.9% in the fourth quarter. Perigon Wealth Management LLC now owns 31,209 shares of the social networking company’s stock worth $492,000 after buying an additional 590 shares during the last quarter. Teachers Advisors LLC boosted its stake in Twitter by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 814,894 shares of the social networking company’s stock worth $13,283,000 after buying an additional 19,411 shares during the last quarter. Raymond James Trust N.A. boosted its stake in Twitter by 22.0% in the first quarter. Raymond James Trust N.A. now owns 16,304 shares of the social networking company’s stock worth $243,000 after buying an additional 2,936 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC purchased a new stake in Twitter during the first quarter worth approximately $404,000. 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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