Twitter, Inc. (NYSE:TWTR – Get Rating ) has received an average rating of “Hold” from the thirty-three analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $45.16.
A number of equities analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Twitter from $54.20 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, July 13th. Argus lowered Twitter from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. MKM Partners cut Twitter from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research note on Tuesday, April 5th. Stifel Nicolaus decreased their target price on Twitter from $54.20 to $30.00 and set a “hold” rating for the company in a research note on Monday, July 11th. Finally, Wedbush decreased their target price on Twitter from $54.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, July 8th.
Internal transactions on Twitter
In other news, insider Bruce Falck sold 20,069 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $48.89, for a total value of $981,173.41. Following the completion of the sale, the insider now owns 346,210 shares of the company’s stock, valued at approximately $16,926,206.90. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available through the SEC’s website. In other news, CFO Ned D. Segal sold 5,000 shares of the stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $47.85, for a total value of $239,250.00. Following the sale, the chief financial officer now owns 720,858 shares in the company, valued at $34,493,055.30. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link. Also, insider Bruce Falck sold 20,069 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $48.89, for a total transaction of $981,173.41. Following the completion of the sale, the insider now owns 346,210 shares in the company, valued at approximately $16,926,206.90. Disclosure for this sale can be found here. In the last quarter, insiders sold 569,152 shares of company stock valued at $21,737,324. Company insiders own 2.70% of the company’s stock.
Institutional inflows and outflows
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A number of hedge funds and other institutional investors have recently bought and sold shares of TWTR. Vanguard Group Inc. grew its position 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 acquired a new position in Twitter during the fourth quarter valued at $313,565,000. Capital World Investors acquired a new position in Twitter during the fourth quarter valued at $304,660,000. Renaissance Technologies LLC lifted its holdings in shares of 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 worth $190,349,000 after purchasing an additional 4,244,096 shares in the last quarter. Finally, ARK Investment Management LLC lifted its holdings in shares of Twitter by 25.1% during the fourth quarter. ARK Investment Management LLC now owns 17,245,755 shares of the social networking company’s stock valued at $745,362,000 after purchasing an additional 3,460,856 shares in the last quarter. 91.72% of the shares are owned by hedge funds and other institutional investors.
Price performance on Twitter
TWTR opened at $39.49 on Wednesday. The stock has a 50-day moving average price of $38.52 and a 200-day moving average price of $39.46. Twitter has a 12-month low of $31.30 and a 12-month high of $73.34. The company has a current ratio of 6.58, a quick ratio of 6.58, and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $30.15 billion, a P/E ratio of 171.70 and a beta of 0.59.
Twitter (NYSE:TWTR – Get Rating ) last posted its quarterly earnings data on Thursday, April 28th. The social networking company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.96. Twitter had a return on equity of 3.77% and a net margin of 4.27%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period a year ago, the business earned $0.06 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. equities analysts forecast that Twitter will post 0.92 earnings per share 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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