Twitter, Inc. (TWTR) Receives $16.50 Average PT from Analysts
Twitter, Inc. (NYSE:TWTR) has received an average rating of “Hold” from the forty-three research firms that are currently covering the firm, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.32.
TWTR has been the subject of a number of research reports. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 price objective for the company in a report on Monday, October 23rd. Barclays PLC restated a “sell” rating and issued a $16.00 price objective on shares of Twitter in a report on Friday, July 28th. Argus upgraded shares of Twitter from a “hold” rating to a “buy” rating and lifted their price objective for the company from $19.71 to $25.00 in a report on Friday. Wedbush set a $16.00 price objective on shares of Twitter and gave the company a “hold” rating in a report on Monday, October 23rd. Finally, Susquehanna Bancshares Inc lifted their price objective on shares of Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, October 26th.
Twitter (TWTR) traded down $0.71 during trading on Friday, hitting $19.90. 22,228,887 shares of the stock were exchanged, compared to its average volume of 23,289,780. The company has a quick ratio of 9.79, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. sell-side analysts anticipate that Twitter will post 0.02 earnings per share for the current fiscal year.
In other Twitter news, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the sale, the director now directly owns 2,530,241 shares of the company’s stock, valued at approximately $53,286,875.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $16.78, for a total transaction of $62,002.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,753,819 shares of company stock worth $72,690,993. 10.79% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Twitter by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock worth $872,704,000 after acquiring an additional 2,838,459 shares during the period. Northern Trust Corp lifted its holdings in shares of Twitter by 78.3% during the 2nd quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock worth $149,215,000 after acquiring an additional 3,667,233 shares during the period. First Trust Advisors LP raised its holdings in Twitter by 5.3% in the third quarter. First Trust Advisors LP now owns 7,633,764 shares of the social networking company’s stock valued at $128,782,000 after buying an additional 385,181 shares during the period. Amerigo Asset Management raised its holdings in Twitter by 46.2% in the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after buying an additional 2,172,000 shares during the period. Finally, Contrarius Investment Management Ltd raised its holdings in Twitter by 17.4% in the second quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock valued at $99,233,000 after buying an additional 822,455 shares during the period. Institutional investors and hedge funds own 49.50% 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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