Jefferies Group LLC Lowers Twitter, Inc. (TWTR) Price Target to $20.00

Twitter, Inc. (NYSE:TWTR) had its price target cut by Jefferies Group LLC to $20.00 in a research report issued to clients and investors on Friday. Jefferies Group LLC’s price target would indicate a potential upside of 26.50% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Evercore ISI reiterated a “hold” rating and issued a $17.00 target price on shares of Twitter in a report on Saturday, October 29th. Vetr downgraded Twitter from a “strong-buy” rating to a “buy” rating and set a $18.24 target price for the company. in a report on Wednesday, January 4th. RBC Capital Markets reiterated an “underperform” rating and issued a $14.00 target price on shares of Twitter in a report on Friday, October 28th. Atlantic Securities downgraded Twitter from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $16.00 to $13.00 in a report on Friday. Finally, Mizuho lowered their target price on Twitter from $15.00 to $12.00 and set an “underperform” rating for the company in a report on Friday. Seventeen analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.09.

Analyst Recommendations for Twitter (NYSE:TWTR)

Shares of Twitter (NYSE:TWTR) opened at 15.81 on Friday. The firm has a 50-day moving average of $17.03 and a 200-day moving average of $18.39. Twitter has a 1-year low of $13.73 and a 1-year high of $25.25. The firm’s market capitalization is $11.28 billion.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, February 9th. The social networking company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The company had revenue of $717 million for the quarter, compared to analyst estimates of $740.17 million. Twitter had a negative return on equity of 4.59% and a negative net margin of 18.06%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, equities research analysts anticipate that Twitter will post $0.37 EPS for the current fiscal year.

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In other news, insider Robert Kaiden sold 3,988 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $18.19, for a total value of $72,541.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.79% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWTR. TIAA CREF Investment Management LLC raised its position in Twitter by 15.6% in the third quarter. TIAA CREF Investment Management LLC now owns 2,283,838 shares of the social networking company’s stock worth $52,642,000 after buying an additional 308,711 shares during the period. Polar Capital LLP raised its position in Twitter by 0.5% in the second quarter. Polar Capital LLP now owns 1,081,124 shares of the social networking company’s stock worth $18,270,000 after buying an additional 5,831 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new position in Twitter during the third quarter worth $14,701,000. BlackRock Japan Co. Ltd raised its position in Twitter by 6.5% in the third quarter. BlackRock Japan Co. Ltd now owns 787,166 shares of the social networking company’s stock worth $18,144,000 after buying an additional 47,799 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its position in Twitter by 307.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,886,736 shares of the social networking company’s stock worth $48,815,000 after buying an additional 2,177,825 shares during the period. Institutional investors own 44.45% of the company’s stock.

Twitter Company Profile

Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.

5 Day Chart for NYSE:TWTR

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