Shares of Twitter, Inc. (NYSE:TWTR – Get Rating ) has been assigned an average rating of “Hold” from the thirty-six analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twenty-four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $44.01.
TWTR has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of Twitter from $54.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, July 11th. TheStreet cut shares of Twitter from a “c” rating to a “d+” rating in a research report on Friday, July 22nd. Jefferies Financial Group set a $40.00 price objective on shares of Twitter in a research report on Monday, July 11th. Cowen decreased their price objective on shares of Twitter from $38.00 to $22.00 and set a “market perform” rating on the stock in a research report on Monday, July 25th. Finally, Argus lowered shares of Twitter from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th.
Internal activity
In other news, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $42.80, for a total transaction of $214,000.00. Following the completion of the transaction, the chief financial officer now directly owns 688,333 shares of the company’s stock, valued at approximately $29,460,652.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC’s website. In related news, insider Nick V. Caldwell sold 10,921 shares of the business’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $38.38, for a total value of $419,147.98. Following the completion of the sale, the insider now owns 374,468 shares of the company’s stock, valued at approximately $14,372,081.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ned D. Segal sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $42.80, for a total transaction of $214,000.00. Following the completion of the sale, the chief financial officer now directly owns 688,333 shares of the company’s stock, valued at approximately $29,460,652.40. Disclosure for this sale can be found here. Insiders sold a total of 546,266 shares of company stock valued at $20,448,640 in the last three months. 2.70% of shares are currently owned by corporate insiders.
Institutional investors weigh in on Twitter
Several institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. MV Capital Management Inc. raised its holdings in shares of Twitter by 191.4% during the first quarter. MV Capital Management Inc. now owns 714 shares of the social networking company’s stock valued at $28,000 after buying an additional 469 shares in the last quarter. Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of Twitter by 200.0% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 750 shares of the social networking company’s stock valued at $28,000 after buying an additional 500 shares in the last quarter. Mizuho Securities Co. Ltd. increased its holdings in shares of Twitter by 750.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 748 shares of the social networking company’s stock valued at $29,000 after buying an additional 660 shares in the last quarter. Tcwp LLC purchased a new stake in shares of Twitter during the first quarter valued at $30,000. Finally, Glassman Wealth Services boosted its holdings in shares of Twitter by 47.1% during the first quarter. Glassman Wealth Services now owns 803 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 91.72% of the company’s shares.
Twitter trade up 0.7%
NYSE TWTR opened at $44.26 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 7.15, and a current ratio of 7.15. The company has a market capitalization of $33.87 billion, a price-to-earnings ratio of -221.30 and a beta of 0.62. The company’s 50-day Simple Moving Average is $39.23, and its two-hundred-day Simple Moving Average is $39.81. Twitter has a one year low of $31.30 and a one year high of $68.41.
Twitter (NYSE:TWTR – Get Rating ) last issued its quarterly earnings data on Friday, July 22nd. The social networking company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.22). Twitter had a negative return on equity of 0.82% and a negative net margin of 2.14%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period a year ago, the firm earned $0.04 EPS. The firm’s quarterly revenue fell 1.2% on a year-over-year basis. equities analysts predict that Twitter will post 0.29 EPS for the current fiscal year.
Company profile on Twitter
(Get rating)
Twitter, Inc. operates as a platform for public self-expression and real-time conversation. The company’s flagship product is Twitter, a platform that allows users to consume, create, share and discover content. It also offers promoted products that enable advertisers to promote brands, products and services, and enables advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such such as Tweets generated and engagement with Tweets.
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