Several other analysts also recently commented on TWTR. Deutsche Bank AG restated a buy rating on shares of Twitter in a report on Sunday, July 10th. MKM Partners set a $18.50 target price on shares of Twitter and gave the stock a hold rating in a report on Sunday, September 4th. Vetr downgraded shares of Twitter from a strong-buy rating to a sell rating and set a $21.52 target price on the stock. in a report on Monday. Cantor Fitzgerald downgraded shares of Twitter from a buy rating to a hold rating in a report on Wednesday, July 27th. Finally, Pacific Crest restated a hold rating on shares of Twitter in a report on Wednesday, July 27th. Thirteen investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Twitter presently has a consensus rating of Hold and a consensus target price of $19.61.
Twitter (NYSE:TWTR) opened at 23.72 on Tuesday. Twitter has a 1-year low of $13.73 and a 1-year high of $31.87. The firm’s market capitalization is $16.61 billion. The firm’s 50-day moving average is $19.29 and its 200-day moving average is $17.02.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $602 million for the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. Twitter’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. On average, equities analysts anticipate that Twitter will post $0.51 EPS for the current year.
In other news, insider Adam Messinger sold 52,914 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $886,838.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Kaiden sold 13,231 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $17.87, for a total value of $236,437.97. The disclosure for this sale can be found here. Insiders own 10.79% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Investment Consultants LLC increased its position in Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock valued at $113,000 after buying an additional 3,099 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its position in Twitter by 204.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,618 shares of the social networking company’s stock valued at $129,000 after buying an additional 5,115 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Twitter during the second quarter valued at $152,000. Peapack Gladstone Financial Corp purchased a new position in Twitter during the first quarter valued at $169,000. Finally, Hartford Investment Management Co. increased its position in Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock valued at $174,000 after buying an additional 192 shares during the last quarter. Institutional investors own 41.87% of the company’s stock.
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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