Shares of Twitter, Inc. (NYSE:TWTR – Get Rating ) has received a consensus recommendation of “Hold” from the thirty-six analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.01.
A number of equities analysts recently commented on TWTR shares. Argus lowered shares of Twitter from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Rosenblatt Securities upgraded shares of Twitter from a “neutral” rating to a “buy” rating and upped their target price for the stock from $33.00 to $52.00 in a research report on Thursday, July 14th. Robert W. Baird decreased their target price on shares of Twitter from $45.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, July 11th. StockNews.com lowered shares of Twitter from a “hold” rating to a “sell” rating in a research report on Monday, July 25th. Finally, Evercore ISI dropped their target price on shares of Twitter from $60.00 to $54.20 and set an “in-line” rating on the stock in a research report on Thursday, July 7th.
Twitter stock performance
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NYSE TWTR opened at $44.26 on Friday. Twitter has a 52-week low of $31.30 and a 52-week high of $68.41. 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 P/E ratio of -221.30 and a beta of 0.62. The company has a fifty day moving average of $39.23 and a 200 day moving average of $39.81.
Twitter (NYSE:TWTR – Get Rating ) last posted 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 company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period a year ago, the firm posted $0.04 earnings per share. Business revenue fell 1.2% on a year-over-year basis. As a group, equities research analysts predict that Twitter will post 0.29 EPS for the current fiscal year.
Internal activity on Twitter
In related news, major shareholder H RH Prince Alwaleed Bin Saud sold 490,000 shares of the business’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $37.27, for a total transaction of $18,262,300.00. Following the transaction, the insider now owns 30,100,078 shares in the company, valued at $1,121,829,907.06. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available through this link. In related news, major shareholder H RH Prince Alwaleed Bin Saud sold 490,000 shares of the business’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $37.27, for a total transaction of $18,262,300.00. Following the sale, the insider now owns 30,100,078 shares of the company’s stock, valued at $1,121,829,907.06. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this link. Also, insider Kayvon Beykpour sold 14,878 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $41.09, for a total transaction of $611,337.02. Following the sale, the insider now directly owns 396,341 shares in the company, valued at approximately $16,285,651.69. Disclosure for this sale can be found here. Insiders have sold 546,266 shares of company stock worth $20,448,640 over the last 90 days. 2.70% of the shares are owned by company insiders.
Institutional inflows and outflows
Several hedge funds and other institutional investors have recently made changes to their positions in TWTR. Vanguard Group Inc. raised its stake in shares of Twitter by 17.1% in the first quarter. Vanguard Group Inc. now owns 82,403,665 shares of the social networking company’s stock worth $3,188,198,000 after purchasing an additional 12,028,406 shares in the last quarter. Norges Bank bought a new position in shares of Twitter in the fourth quarter valued at about $313,565,000. Capital World Investors bought a new position in Twitter during the fourth quarter worth about $304,660,000. Renaissance Technologies LLC raised its position in Twitter by 2,650.9% during the fourth quarter. Renaissance Technologies LLC now owns 4,404,196 shares of the social networking company’s stock valued at $190,349,000 after buying an additional 4,244,096 shares during the period. Finally, Nikko Asset Management Americas Inc. raised its position in Twitter by 30.4% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 10,297,193 shares of the social networking company’s stock valued at $448,546,000 after buying an additional 2,400,339 shares during the period. Institutional investors own 91.72% of the company’s shares.
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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