Twitter (TWTR) Earns News Sentiment Score of 0.12
Media stories about Twitter (NYSE:TWTR) have been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Twitter earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the social networking company an impact score of 44.7093363561747 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Twitter, Inc. (NYSE:TWTR) Receives Sell Rating from Citigroup Inc. (americanbankingnews.com)
- Insider Selling: Twitter, Inc. (NYSE:TWTR) Director Sells 273,300 Shares of Stock (americanbankingnews.com)
- Is the Drop in Twitter Inc (TWTR) Stock a Good Buying Opportunity? (investorplace.com)
- Twitter’s (NYSE:TWTR) Neutral Rating Reiterated at MKM Partners (americanbankingnews.com)
- Twitter Short Interest Plunges – 24/7 Wall St. (247wallst.com)
TWTR has been the subject of several research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $20.00 price target on shares of Twitter in a report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $20.00 target price on shares of Twitter in a report on Friday, April 28th. BTIG Research reiterated a “buy” rating on shares of Twitter in a report on Friday, April 28th. Drexel Hamilton reiterated a “buy” rating on shares of Twitter in a report on Tuesday, May 2nd. Finally, Vetr upgraded Twitter from a “hold” rating to a “buy” rating and set a $18.68 target price for the company in a report on Monday, May 29th. Sixteen investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.59.
Shares of Twitter (TWTR) traded down 2.42% during trading on Thursday, hitting $15.75. The stock had a trading volume of 11,909,191 shares. The stock’s 50-day moving average is $18.06 and its 200-day moving average is $16.88. The stock’s market cap is $11.54 billion. Twitter has a 12-month low of $14.12 and a 12-month high of $25.25.
Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $574 million for the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 earnings per share. On average, equities research analysts expect that Twitter will post $0.34 EPS for the current year.
In related news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $17.46, for a total transaction of $261,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Evan Clark Williams sold 273,300 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $16.16, for a total value of $4,416,528.00. Following the transaction, the director now directly owns 2,710,576 shares in the company, valued at approximately $43,802,908.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,022,773 shares of company stock worth $55,246,221. Corporate insiders own 10.79% of the company’s stock.
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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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