Twitter’s (TWTR) Hold Rating Reaffirmed at Pivotal Research
Pivotal Research reissued their hold rating on shares of Twitter (NYSE:TWTR) in a research note issued to investors on Wednesday. Pivotal Research currently has a $21.00 target price on the social networking company’s stock.
Other research analysts have also recently issued research reports about the company. Vetr upgraded Twitter from a buy rating to a strong-buy rating and set a $19.82 price objective on the stock in a research note on Monday, October 23rd. Argus upgraded Twitter from a hold rating to a buy rating and boosted their price objective for the stock from $19.71 to $25.00 in a research note on Friday, November 3rd. Wedbush set a $16.00 price objective on Twitter and gave the stock a hold rating in a research note on Monday, October 23rd. Susquehanna Bancshares boosted their price objective on Twitter from $17.00 to $20.00 and gave the stock a neutral rating in a research note on Thursday, October 26th. Finally, BidaskClub upgraded Twitter from a hold rating to a buy rating in a research note on Tuesday, October 17th. Twelve investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $18.90.
Shares of Twitter (NYSE TWTR) traded up $1.06 during trading on Wednesday, reaching $25.41. The company had a trading volume of 36,973,000 shares, compared to its average volume of 17,420,000. Twitter has a 52-week low of $14.12 and a 52-week high of $25.85. The firm has a market capitalization of $18,870.00, a PE ratio of -49.82, a P/E/G ratio of 10.62 and a beta of 1.11. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.
Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $590.00 million for the quarter, compared to analysts’ expectations of $586.22 million. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. analysts predict that Twitter will post 0.02 EPS for the current fiscal year.
In related news, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $18.19, for a total value of $272,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $24.27, for a total value of $445,281.69. Following the completion of the sale, the director now directly owns 2,328,359 shares of the company’s stock, valued at $56,509,272.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,335,712 shares of company stock worth $113,614,151. Insiders own 10.79% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TWTR. Schwab Charles Investment Management Inc. increased its holdings in Twitter by 12.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 999,683 shares of the social networking company’s stock valued at $17,865,000 after buying an additional 114,156 shares during the last quarter. Comerica Bank increased its holdings in Twitter by 1.8% in the second quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after buying an additional 489 shares during the last quarter. Federated Investors Inc. PA bought a new stake in Twitter in the second quarter valued at about $174,000. Prudential Financial Inc. increased its holdings in Twitter by 6.9% in the second quarter. Prudential Financial Inc. now owns 43,650 shares of the social networking company’s stock valued at $780,000 after buying an additional 2,800 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Twitter by 8.4% in the second quarter. Pacer Advisors Inc. now owns 15,468 shares of the social networking company’s stock valued at $276,000 after buying an additional 1,196 shares during the last quarter. 50.69% of the stock is owned by hedge funds and other institutional investors.
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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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