Twitter, Inc. (TWTR) Receives Hold Rating from Pivotal Research
Twitter, Inc. (NYSE:TWTR)‘s stock had its “hold” rating reaffirmed by research analysts at Pivotal Research in a report issued on Monday. They presently have a $17.00 target price on the social networking company’s stock, up from their previous target price of $15.00. Pivotal Research’s price target points to a potential downside of 13.44% from the stock’s previous close.
TWTR has been the subject of a number of other reports. UBS AG restated a “sell” rating and set a $14.00 price objective (up from $12.00) on shares of Twitter in a research report on Friday, April 28th. JMP Securities restated a “market perform” rating on shares of Twitter in a research report on Thursday. Barclays PLC restated an “underweight” rating and set a $15.00 price objective on shares of Twitter in a research report on Wednesday, July 12th. Robert W. Baird restated a “neutral” rating on shares of Twitter in a research report on Monday, July 3rd. Finally, BMO Capital Markets restated a “hold” rating and set a $17.00 price objective on shares of Twitter in a research report on Sunday. Sixteen investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.84.
Twitter (NYSE TWTR) opened at 19.64 on Monday. The company has a 50 day moving average price of $17.93 and a 200-day moving average price of $16.73. The company’s market capitalization is $14.25 billion. Twitter has a 12-month low of $14.12 and a 12-month high of $25.25.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Wednesday, April 26th. The social networking company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.27. Twitter had a negative return on equity of 4.23% and a negative net margin of 17.67%. The firm had revenue of $548 million for the quarter, compared to analyst estimates of $513.04 million. During the same period last year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts anticipate that Twitter will post $0.33 EPS for the current year.
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In related news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $18.28, for a total transaction of $274,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Evan Clark Williams sold 853,700 shares of Twitter stock in a transaction on Friday, July 14th. The shares were sold at an average price of $19.38, for a total value of $16,544,706.00. Following the transaction, the director now owns 2,735,038 shares in the company, valued at $53,005,036.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,037,242 shares of company stock worth $55,083,393. Company insiders own 9.18% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Nwam LLC boosted its stake in Twitter by 0.4% in the first quarter. Nwam LLC now owns 12,573 shares of the social networking company’s stock worth $188,000 after buying an additional 50 shares in the last quarter. Intl Fcstone Inc. boosted its stake in Twitter by 1.0% in the first quarter. Intl Fcstone Inc. now owns 13,552 shares of the social networking company’s stock worth $221,000 after buying an additional 136 shares in the last quarter. Nordea Investment Management AB boosted its stake in Twitter by 1.4% in the first quarter. Nordea Investment Management AB now owns 18,605 shares of the social networking company’s stock worth $278,000 after buying an additional 257 shares in the last quarter. Atria Investments LLC boosted its stake in Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock worth $156,000 after buying an additional 268 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Twitter by 3.3% in the first quarter. Pacer Advisors Inc. now owns 14,272 shares of the social networking company’s stock worth $213,000 after buying an additional 456 shares in the last quarter. Institutional investors own 47.43% of the company’s stock.
Twitter Company Profile
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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