Twitter Inc (NYSE:TWTR) had its target price lowered by investment analysts at Canaccord Genuity from $15.00 to $14.00 in a research note issued to investors on Monday. The brokerage presently has a “hold” rating on the social networking company’s stock. Canaccord Genuity’s price target would indicate a potential downside of 4.31% from the company’s previous close.
TWTR has been the topic of a number of other research reports. Cantor Fitzgerald dropped their target price on Twitter to $16.00 in a report on Friday, February 10th. Jefferies Group LLC dropped their target price on Twitter to $20.00 in a report on Friday, February 10th. Evercore ISI reissued a “buy” rating and issued a $17.00 target price on shares of Twitter in a report on Friday, January 6th. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $18.24 price objective on the stock. in a report on Wednesday, January 4th. Finally, BTIG Research raised Twitter from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.26 to $25.00 in a report on Wednesday, February 8th. Seventeen research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.76.
Twitter (NYSE:TWTR) traded down 0.14% during midday trading on Monday, hitting $14.63. 13,781,079 shares of the stock traded hands. Twitter has a 52-week low of $13.73 and a 52-week high of $25.25. The company’s market cap is $10.48 billion. The firm’s 50-day moving average is $14.90 and its 200-day moving average is $17.03.
Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, February 9th. The social networking company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. Twitter had a negative return on equity of 4.59% and a negative net margin of 18.06%. The company earned $717 million during the quarter, compared to analysts’ expectations of $740.17 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts predict that Twitter will post $0.28 EPS for the current year.
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In other news, Director Evan Clark Williams sold 273,200 shares of the firm’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $14.52, for a total value of $3,966,864.00. Following the completion of the sale, the director now owns 2,906,274 shares of the company’s stock, valued at $42,199,098.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $14.71, for a total value of $220,650.00. The disclosure for this sale can be found here. Insiders sold a total of 590,606 shares of company stock worth $8,663,955 over the last 90 days. Insiders own 10.79% of the company’s stock.
Several hedge funds have recently modified their holdings of TWTR. 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 period. Contrarius Investment Management Ltd boosted its stake in Twitter by 31.9% in the third quarter. Contrarius Investment Management Ltd now owns 5,471,146 shares of the social networking company’s stock worth $126,110,000 after buying an additional 1,323,638 shares during the last quarter. Northern Trust Corp boosted its stake in Twitter by 3.7% in the third quarter. Northern Trust Corp now owns 4,923,717 shares of the social networking company’s stock worth $113,492,000 after buying an additional 173,415 shares during the last quarter. Norges Bank purchased a new stake in Twitter during the fourth quarter worth about $57,696,000. Finally, TIAA CREF Investment Management LLC boosted its stake 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 last quarter. 44.45% of the stock is owned by institutional investors and hedge funds.
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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