Twitter (TWTR) Receives Coverage Optimism Score of 0.09
Media coverage about Twitter (NYSE:TWTR) has trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Twitter earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media stories about the social networking company an impact score of 42.1320086075799 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Twitter is testing Bookmarks, a feature to privately flag Tweets for later (yahoo.com)
- Knock at Technical analysis on Twitter, Inc. (TWTR) – Wall Street Morning (wallstreetmorning.com)
- Twitter, Inc. (TWTR) Raised to “Strong-Buy” at Vetr Inc. (americanbankingnews.com)
- [$$] Facebook Plans to Let Users Know If They Followed Russian Pages (finance.yahoo.com)
- Big Tech Becomes Theresa May’s Scapegoat (finance.yahoo.com)
Shares of Twitter (NYSE TWTR) traded up $0.15 during trading hours on Friday, hitting $22.42. The stock had a trading volume of 7,584,013 shares, compared to its average volume of 20,449,440. Twitter has a 12 month low of $14.12 and a 12 month high of $22.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40.
Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The company had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. sell-side analysts predict that Twitter will post 0.02 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $16.00 target price on shares of Twitter in a research report on Monday, October 23rd. Citigroup Inc. raised Twitter from a “sell” rating to a “neutral” rating and lifted their target price for the company from $19.90 to $20.00 in a research report on Monday, November 6th. Barclays PLC reaffirmed a “sell” rating and issued a $16.00 target price on shares of Twitter in a research report on Friday, July 28th. BidaskClub downgraded Twitter from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, MKM Partners reaffirmed a “neutral” rating and issued a $18.00 target price (up previously from $16.00) on shares of Twitter in a research report on Thursday, August 10th. Twelve equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Twitter has a consensus rating of “Hold” and a consensus price target of $17.75.
In other news, insider Robert Kaiden sold 3,695 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.78, for a total transaction of $62,002.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $17.66, for a total value of $264,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,034,845 shares of company stock valued at $79,904,107. Corporate insiders own 10.79% 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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