Twitter, Inc. (TWTR) Stock Rating Reaffirmed by KeyCorp
Twitter, Inc. (NYSE:TWTR)‘s stock had its “hold” rating reissued by analysts at KeyCorp in a report released on Wednesday.
Several other research analysts have also commented on TWTR. Vetr upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $18.35 price target on the stock in a research note on Tuesday, June 6th. BidaskClub lowered shares of Twitter from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Robert W. Baird restated a “neutral” rating on shares of Twitter in a research note on Monday, July 3rd. 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 Sunday, July 9th. Finally, Pivotal Research increased their price target on shares of Twitter from $15.00 to $17.00 and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Fifteen equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.44.
Twitter (TWTR) opened at 18.25 on Wednesday. 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 released its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The firm had revenue of $574.00 million for 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 2.91%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. On average, equities analysts anticipate that Twitter will post $0.33 earnings per share for the current year.
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In related news, insider Robert Kaiden sold 4,725 shares of Twitter stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $16.06, for a total transaction of $75,883.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Evan Clark Williams sold 853,700 shares of Twitter stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the transaction, the director now directly owns 2,735,038 shares in the company, valued at approximately $53,005,036.44. The disclosure for this sale can be found here. Insiders sold a total of 2,253,600 shares of company stock worth $40,779,711 in the last ninety days. Insiders own 10.79% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TWTR. ProShare Advisors LLC boosted its stake in Twitter by 14.2% during the 1st quarter. ProShare Advisors LLC now owns 14,669 shares of the social networking company’s stock worth $219,000 after acquiring an additional 1,825 shares during the last quarter. US Bancorp DE boosted its stake in Twitter by 33.8% during the 1st quarter. US Bancorp DE now owns 18,284 shares of the social networking company’s stock worth $273,000 after acquiring an additional 4,616 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Twitter by 11.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,542,325 shares of the social networking company’s stock worth $23,058,000 after acquiring an additional 153,668 shares during the last quarter. Karp Capital Management Corp bought a new position in Twitter during the 1st quarter worth approximately $1,184,000. Finally, Parametric Portfolio Associates LLC boosted its stake in Twitter by 12.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 455,894 shares of the social networking company’s stock worth $6,816,000 after acquiring an additional 49,193 shares during the last quarter. 49.14% of the stock is currently owned by institutional investors and hedge funds.
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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