Shares of Twitter Inc (NYSE:TWTR) have earned a consensus rating of “Hold” from the forty-six brokerages that are presently covering the firm. Sixteen equities research analysts have rated the stock with a sell recommendation, twenty-four have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $14.82.
Several analysts have issued reports on the company. Vetr downgraded Twitter from a “hold” rating to a “sell” rating and set a $18.78 price objective on the stock. in a report on Monday, December 12th. Wedbush restated a “neutral” rating and set a $14.00 price objective on shares of Twitter in a report on Thursday, December 15th. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Twitter in a report on Friday, December 16th. Evercore ISI dropped their target price on Twitter from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, February 9th. Finally, FBN Securities dropped their target price on Twitter from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th.
In other Twitter news, CEO Jack Dorsey bought 425,998 shares of the firm’s stock in a transaction dated Tuesday, February 14th. The shares were bought at an average price of $16.43 per share, for a total transaction of $6,999,147.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Robert Kaiden sold 7,802 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $17.67, for a total value of $137,861.34. The disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.
Several hedge funds have recently made changes to their positions in TWTR. Amerigo Asset Management acquired a new stake in shares of Twitter during the third quarter valued at approximately $100,874,000. Norges Bank acquired a new stake in shares of Twitter during the fourth quarter valued at approximately $57,696,000. First Eagle Investment Management LLC boosted its stake in shares of Twitter by 1,213.0% in the third quarter. First Eagle Investment Management LLC now owns 2,127,000 shares of the social networking company’s stock valued at $49,027,000 after buying an additional 1,965,000 shares during the last quarter. Highland Capital Management LP boosted its stake in shares of Twitter by 45.4% in the fourth quarter. Highland Capital Management LP now owns 6,169,150 shares of the social networking company’s stock valued at $100,556,000 after buying an additional 1,926,150 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Twitter by 3,560.6% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,404,226 shares of the social networking company’s stock valued at $32,367,000 after buying an additional 1,365,865 shares during the last quarter. Institutional investors own 44.45% of the company’s stock.
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Twitter (NYSE:TWTR) opened at 15.08 on Monday. The firm’s market capitalization is $10.80 billion. The firm’s 50-day moving average is $16.24 and its 200-day moving average is $17.90. Twitter has a 12 month low of $13.73 and a 12 month high of $25.25.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, February 9th. The social networking company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The firm had revenue of $717 million for the quarter, compared to the consensus estimate of $740.17 million. Twitter had a negative return on equity of 4.59% and a negative net margin of 18.06%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 EPS. On average, equities research analysts expect that Twitter will post $0.29 EPS for the current year.
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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