Twitter, Inc. (NYSE:TWTR) had its target price lowered by Mizuho from $15.00 to $12.00 in a research report sent to investors on Friday. The brokerage currently has an underperform rating on the social networking company’s stock.
A number of other brokerages also recently weighed in on TWTR. Vetr downgraded shares of Twitter from a hold rating to a sell rating and set a $18.78 price objective for the company. in a research report on Monday, December 12th. MKM Partners set a $19.00 price objective on shares of Twitter and gave the company a hold rating in a research report on Monday, November 14th. Wedbush restated a neutral rating and issued a $14.00 target price on shares of Twitter in a research report on Thursday, December 15th. Monness Crespi & Hardt restated a neutral rating on shares of Twitter in a research report on Friday, December 16th. Finally, Canaccord Genuity decreased their target price on shares of Twitter from $18.00 to $15.00 and set a hold rating for the company in a research report on Thursday, February 9th. Seventeen research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $16.09.
Twitter (NYSE:TWTR) opened at 16.52 on Friday. The stock’s market cap is $11.79 billion. The company has a 50-day moving average price of $16.98 and a 200 day moving average price of $18.37. Twitter has a 12-month low of $13.73 and a 12-month high of $25.25.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 9th. The social networking company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Twitter had a negative net margin of 18.06% and a negative return on equity of 4.59%. The business earned $717 million during the quarter, compared to the consensus estimate of $740.17 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts predict that Twitter will post $0.34 EPS for the current year.
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In other Twitter news, insider Robert Kaiden sold 3,988 shares of Twitter stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $18.19, for a total value of $72,541.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jack Dorsey purchased 425,998 shares of the business’s stock in a transaction on Tuesday, February 14th. The stock was bought at an average cost of $16.43 per share, for a total transaction of $6,999,147.14. The disclosure for this purchase can be found here. 10.79% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in TWTR. Apriem Advisors raised its position in shares of Twitter by 4.5% in the third quarter. Apriem Advisors now owns 4,650 shares of the social networking company’s stock worth $107,000 after buying an additional 200 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Twitter by 24.1% in the third quarter. Advisory Services Network LLC now owns 4,890 shares of the social networking company’s stock worth $113,000 after buying an additional 950 shares during the last quarter. Massey Quick & Co. LLC bought a new position in shares of Twitter during the fourth quarter worth $130,000. Edmond de Rothschild Europe bought a new position in shares of Twitter during the third quarter worth $149,000. Finally, Sciencast Management LP bought a new position in shares of Twitter during the fourth quarter worth $163,000. 44.45% of the stock is currently owned by hedge funds and other institutional investors.
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.
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