Stifel Nicolaus restated their sell rating on shares of Twitter, Inc. (NYSE:TWTR) in a research report released on Sunday. They currently have a $10.00 price objective on the social networking company’s stock.
“We reiterate our Sell rating on TWTR shares and PT of $10. Twitter’s ad business goes ex-growth in 4Q, while 1Q guidance points to a far steeper decline: Twitter missed consensus revenue forecasts by ~3% in 4Q:16 as its advertising business declined y/y for the first time in the company’s history . Although the 4Q ad revenue declines were slight (down <1% overall, -1% y/y in O&O advertising, though U.S. advertising could've been lower since total U.S. revenue fell -5% y/y) the company’s 1Q guidance / commentary about the remainder of 2017 point to a bleak outlook for the advertising business in the coming quarters. Twitter’s 1Q:17 adj. EBITDA guidance implies revenue of ~$440mm to ~$540mm (or -26% to -9% declines y/y), or ~$492mm at the midpoint (-17% y/y). The midpoint of the implied 1Q revenue guide is roughly 22% below the Street’s $628mm forecast, and a staggering ~37% below where consensus numbers sat roughly a year ago (the Street was at $776mm for 1Q:17 in February 2016, per FactSet).",” Stifel Nicolaus’ analyst commented.
Other equities analysts have also issued reports about the stock. Vetr lowered shares of Twitter from a hold rating to a sell rating and set a $18.78 target price for the company. in a research note on Monday, December 12th. MKM Partners set a $19.00 target price on shares of Twitter and gave the stock a hold rating in a research note on Monday, November 14th. Wedbush reaffirmed a neutral rating and issued a $14.00 target price on shares of Twitter in a research note on Thursday, December 15th. Monness Crespi & Hardt reaffirmed a neutral rating on shares of Twitter in a research note on Friday, December 16th. Finally, Evercore ISI reduced their target price on shares of Twitter from $17.00 to $16.00 and set a hold rating for the company in a research note on Thursday. Seventeen investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $16.11.
Twitter (NYSE:TWTR) opened at 15.58 on Friday. The company’s market capitalization is $11.03 billion. The stock has a 50 day moving average price of $17.01 and a 200-day moving average price of $18.35. Twitter has a 1-year low of $13.73 and a 1-year high of $25.25.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, February 9th. The social networking company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company earned $717 million during the quarter, compared to analyst estimates of $740.17 million. During the same quarter in the previous year, the business earned $0.16 EPS. The firm’s revenue was up .9% on a year-over-year basis. Equities analysts predict that Twitter will post $0.56 earnings per share for the current year.
In other news, insider Robert Kaiden sold 3,988 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 10.79% of the company’s stock.
Several hedge funds have recently bought and sold shares of TWTR. Gabelli Funds LLC acquired a new stake in Twitter during the fourth quarter valued at about $4,890,000. Marshall Wace LLP acquired a new stake in Twitter during the fourth quarter valued at about $3,806,000. Frontier Wealth Management LLC acquired a new stake in Twitter during the fourth quarter valued at about $273,000. WP Advisors LLC acquired a new stake in Twitter during the fourth quarter valued at about $481,000. Finally, Quaker Capital Investments LLC acquired a new stake in Twitter during the fourth quarter valued at about $1,630,000. 44.76% of the stock is currently owned by institutional investors.
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.
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