Twitter Inc. (NYSE:TWTR) had its price objective boosted by Pivotal Research from $22.00 to $27.00 in a report published on Tuesday. The firm currently has a buy rating on the social networking company’s stock.
TWTR has been the topic of a number of other research reports. Canaccord Genuity reaffirmed a buy rating and set a $20.00 price target on shares of Twitter in a research note on Monday, July 11th. JPMorgan Chase & Co. reissued a hold rating and issued a $17.00 target price on shares of Twitter in a research note on Tuesday, September 27th. Deutsche Bank AG reissued a buy rating and issued a $23.00 target price on shares of Twitter in a research note on Tuesday, July 19th. SunTrust Banks Inc. reissued a buy rating and issued a $18.00 target price on shares of Twitter in a research note on Tuesday, May 31st. Finally, Vetr raised shares of Twitter from a buy rating to a strong-buy rating and set a $20.69 target price on the stock in a research note on Monday, August 29th. Thirteen investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $19.65.
Twitter (NYSE:TWTR) last issued its earnings results on Tuesday, July 26th. The social networking company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The firm earned $602 million during the quarter, compared to analyst estimates of $606.37 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. Twitter’s revenue for the quarter was up 19.9% on a year-over-year basis.
In related news, insider Robert Kaiden sold 3,604 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $20.06, for a total transaction of $72,296.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Messinger sold 52,914 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $886,838.64. The disclosure for this sale can be found here. Company insiders own 10.79% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC raised its stake 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 worth $113,000 after buying an additional 3,099 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its position in shares of 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 worth $129,000 after buying an additional 5,115 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Twitter during the second quarter worth about $152,000. Peapack Gladstone Financial Corp acquired a new position in shares of Twitter during the first quarter worth about $169,000. Finally, Hartford Investment Management Co. increased its position in shares of Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock worth $174,000 after buying an additional 192 shares during the period. Hedge funds and other 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.
Receive News & Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related companies with MarketBeat.com's FREE daily email newsletter.