Twitter, Inc. (TWTR) Rating Increased to Buy at BidaskClub
Twitter, Inc. (NYSE:TWTR) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday.
Several other brokerages have also commented on TWTR. BMO Capital Markets restated a “hold” rating and set a $17.00 price target on shares of Twitter in a research note on Sunday, July 16th. Cantor Fitzgerald restated a “neutral” rating and set a $16.00 price target on shares of Twitter in a research note on Tuesday, July 25th. J P Morgan Chase & Co restated a “neutral” rating and set a $15.00 price target on shares of Twitter in a research note on Saturday, July 22nd. Vetr upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, June 27th. Finally, Wedbush lowered shares of Twitter from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $14.00 to $16.00 in a research note on Monday, July 24th. Fifteen equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $15.44.
Twitter (NYSE:TWTR) opened at 18.25 on Friday. The company’s 50 day moving average is $17.17 and its 200 day moving average is $17.10. Twitter has a 12-month low of $14.12 and a 12-month high of $20.88. The firm’s market cap is $13.38 billion.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The company had revenue of $574.00 million for the quarter, compared to analyst estimates of $536.63 million. During the same quarter in the prior year, the business posted $0.13 EPS. Twitter’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts anticipate that Twitter will post $0.33 earnings per share for the current year.
In other news, 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 completion of the sale, the director now owns 2,735,038 shares in the company, valued at approximately $53,005,036.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Vijaya Gadde sold 7,500 shares of Twitter stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $18.03, for a total transaction of $135,225.00. The disclosure for this sale can be found here. Insiders sold a total of 2,253,600 shares of company stock valued at $40,779,711 in the last 90 days. Corporate insiders own 10.79% of the company’s stock.
Large investors have recently modified their holdings of the company. Toronto Dominion Bank grew its position in shares of Twitter by 21.3% during the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after buying an additional 1,333 shares during the period. Gilder Gagnon Howe & Co. LLC grew its position in shares of Twitter by 112.3% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after buying an additional 4,645 shares during the period. Federated Investors Inc. PA acquired a new stake in shares of Twitter during the 2nd quarter worth approximately $174,000. NEXT Financial Group Inc grew its position in shares of Twitter by 6.3% during the 2nd quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock worth $197,000 after buying an additional 650 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Twitter during the 2nd quarter worth approximately $211,000. Institutional investors own 49.14% 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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