Twitter, Inc. (TWTR) Upgraded to Buy at BidaskClub
BidaskClub upgraded shares of Twitter, Inc. (NYSE:TWTR) from a hold rating to a buy rating in a research note issued to investors on Friday.
Other equities research analysts also recently issued research reports about the company. Vetr raised Twitter from a hold rating to a buy rating and set a $18.35 price target for the company in a report on Tuesday, June 6th. OTR Global raised Twitter from a negative rating to a mixed rating in a report on Thursday, July 13th. Royal Bank Of Canada reaffirmed an underperform rating on shares of Twitter in a report on Saturday, June 3rd. Pivotal Research reiterated a hold rating and set a $17.00 price objective (up previously from $15.00) on shares of Twitter in a research report on Monday, July 17th. Finally, Wells Fargo & Company reiterated a market perform rating on shares of Twitter in a research report on Saturday, July 22nd. Seventeen analysts have rated the stock with a sell rating, twenty-four have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $15.49.
Shares of Twitter (TWTR) traded down 1.10% during trading on Friday, reaching $18.01. 12,649,429 shares of the company were exchanged. Twitter has a one year low of $14.12 and a one year high of $25.25. The stock’s market capitalization is $13.20 billion. The company has a 50 day moving average price of $16.69 and a 200-day moving average price of $16.90.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The business had revenue of $574.00 million during the quarter, compared to the consensus estimate of $536.63 million. During the same quarter last year, the firm posted $0.13 EPS. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts predict that Twitter will post $0.33 EPS for the current year.
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In other news, Director Evan Clark Williams sold 853,700 shares of the business’s 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 completion of the sale, the director now owns 2,735,038 shares in the company, valued at $53,005,036.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $18.28, for a total value of $274,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,361,870 shares of company stock valued at $43,006,805. Corporate insiders own 10.79% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intl Fcstone Inc. increased its holdings in shares of Twitter by 174.1% during the second quarter. Intl Fcstone Inc. now owns 37,151 shares of the social networking company’s stock valued at $664,000 after acquiring an additional 23,599 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after acquiring an additional 1,333 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Twitter during the second quarter valued at approximately $211,000. Public Employees Retirement System of Ohio increased its holdings in shares of Twitter by 2.3% during the second quarter. Public Employees Retirement System of Ohio now owns 284,027 shares of the social networking company’s stock valued at $5,076,000 after acquiring an additional 6,446 shares in the last quarter. Finally, National Asset Management Inc. increased its holdings in shares of Twitter by 14.4% during the second quarter. National Asset Management Inc. now owns 59,272 shares of the social networking company’s stock valued at $1,060,000 after acquiring an additional 7,460 shares in the last quarter. Hedge funds and other institutional investors own 49.17% 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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