Twitter, Inc. (NYSE:TWTR) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other analysts also recently weighed in on the stock. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 price target for the company in a report on Monday, June 12th. BidaskClub raised shares of Twitter from a “sell” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Twitter in a report on Saturday, July 22nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $20.00 price objective on shares of Twitter in a report on Sunday, July 30th. Seventeen research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.49.

Shares of Twitter (NYSE:TWTR) traded down 0.30% during midday trading on Friday, hitting $16.86. 8,515,176 shares of the stock were exchanged. The firm’s market cap is $12.36 billion. Twitter has a 12-month low of $14.12 and a 12-month high of $25.25. The stock’s 50 day moving average is $17.29 and its 200 day moving average is $16.81.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The firm had revenue of $574 million during the quarter, compared to the consensus estimate of $536.63 million. During the same period in the prior year, the firm earned $0.13 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts forecast that Twitter will post $0.33 earnings per share for the current fiscal year.

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In other news, Director Evan Clark Williams sold 9,173 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $16.91, for a total value of $155,115.43. Following the sale, the director now owns 2,692,230 shares of the company’s stock, valued at $45,525,609.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert Kaiden sold 4,725 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $16.06, for a total transaction of $75,883.50. The disclosure for this sale can be found here. In the last three months, insiders sold 2,113,558 shares of company stock worth $38,131,863. 10.79% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Intl Fcstone Inc. increased its position in shares of Twitter by 1.0% in the first quarter. Intl Fcstone Inc. now owns 13,552 shares of the social networking company’s stock worth $221,000 after buying an additional 136 shares during the last quarter. Rothschild Asset Management Inc. increased its position in shares of Twitter by 0.4% in the second quarter. Rothschild Asset Management Inc. now owns 35,078 shares of the social networking company’s stock worth $627,000 after buying an additional 151 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Twitter by 1.4% in the first quarter. Nordea Investment Management AB now owns 18,605 shares of the social networking company’s stock worth $278,000 after buying an additional 257 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Twitter by 3.3% in the first quarter. Pacer Advisors Inc. now owns 14,272 shares of the social networking company’s stock worth $213,000 after buying an additional 456 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Twitter by 1.8% in the second quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock worth $557,000 after buying an additional 489 shares during the last quarter. Institutional investors and hedge funds own 49.16% of the company’s stock.

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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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