Twitter, Inc. (NYSE:TWTR)‘s stock had its “sell” rating reaffirmed by Citigroup Inc. in a note issued to investors on Thursday. They presently have a $12.00 price objective on the social networking company’s stock. Citigroup Inc.’s target price suggests a potential downside of 23.81% from the stock’s previous close.
Several other analysts have also recently commented on TWTR. MKM Partners reiterated a “neutral” rating and set a $18.00 target price (up previously from $16.00) on shares of Twitter in a research report on Thursday. Mizuho initiated coverage on shares of Twitter in a research note on Monday. They issued an “underperform” rating and a $14.50 target price for the company. Zacks Investment Research lowered shares of Twitter from a “buy” rating to a “hold” rating in a research note on Monday. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $20.00 target price on shares of Twitter in a research note on Sunday, July 30th. Finally, Stifel Nicolaus reaffirmed a “sell” rating and issued a $12.00 target price (up from $10.00) on shares of Twitter in a research note on Sunday, July 30th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $15.59.
Twitter (NYSE:TWTR) traded down 2.42% during mid-day trading on Thursday, reaching $15.75. The company had a trading volume of 11,909,191 shares. The stock’s market capitalization is $11.54 billion. The company’s 50 day moving average is $18.12 and its 200 day moving average is $16.89. Twitter has a 52-week low of $14.12 and a 52-week high of $25.25.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The firm had revenue of $574 million during the quarter, compared to analysts’ expectations of $536.63 million. During the same quarter in the previous year, the company posted $0.13 EPS. Twitter’s revenue was down 4.7% on a year-over-year basis. Equities analysts predict that Twitter will post $0.34 earnings per share for the current year.
In related news, Director Evan Clark Williams sold 373,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $18.38, for a total value of $6,857,578.00. Following the sale, the director now owns 2,838,269 shares in the company, valued at $52,167,384.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Kaiden sold 2,815 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $18.37, for a total value of $51,711.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,022,773 shares of company stock worth $55,246,221. Corporate insiders own 10.79% of the company’s stock.
A number of large investors have recently modified their holdings of TWTR. State of Alaska Department of Revenue bought a new stake in Twitter during the first quarter valued at approximately $244,000. Nisa Investment Advisors LLC raised its position in shares of Twitter by 3.9% in the first quarter. Nisa Investment Advisors LLC now owns 106,400 shares of the social networking company’s stock worth $1,591,000 after buying an additional 4,000 shares during the period. Kessler Investment Group LLC raised its position in shares of Twitter by 90.7% in the first quarter. Kessler Investment Group LLC now owns 22,890 shares of the social networking company’s stock worth $342,000 after buying an additional 10,884 shares during the period. DnB Asset Management AS raised its position in shares of Twitter by 20.0% in the first quarter. DnB Asset Management AS now owns 52,100 shares of the social networking company’s stock worth $779,000 after buying an additional 8,700 shares during the period. Finally, TB Alternative Assets Ltd. acquired a new position in shares of Twitter during the first quarter worth about $4,486,000. Hedge funds and other institutional investors own 47.02% of the company’s stock.
Twitter Company Profile
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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