Posted by Wayne Landers on Jan 15th, 2017 // No Comments
Moffett Nathanson restated their sell rating on shares of Twitter, Inc. (NYSE:TWTR) in a research note published on Sunday morning. The firm currently has a $11.00 target price on the social networking company’s stock.
Other research analysts have also recently issued research reports about the stock. Loop Capital assumed coverage on shares of Twitter in a report on Thursday, September 22nd. They issued a hold rating and a $18.00 target price on the stock. They noted that the move was a valuation call. Vetr upgraded shares of Twitter from a sell rating to a hold rating and set a $22.88 target price on the stock in a report on Monday, October 3rd. Oppenheimer Holdings, Inc. upgraded shares of Twitter from an underperform rating to a market perform rating in a report on Friday, October 28th. Nomura  restated a neutral rating and issued a $13.00 target price on shares of Twitter in a report on Wednesday, September 28th. Finally, Monness Crespi & Hardt  restated a neutral rating on shares of Twitter in a report on Monday, October 10th. Eleven investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, five have assigned  a buy rating and two have issued  a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $18.01.
Twitter ( NYSE:TWTR ) traded down 0.75% on Friday, reaching $17.25. 11,401,444 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $17.80 and its 200 day moving average price is $18.45. Twitter has a 12 month low of $13.73 and a 12 month high of $25.25. The company’s market cap is $12.22 billion.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, October 27th. The social networking company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.28. Twitter had a negative net margin of 15.06% and a negative return on equity of 5.18%. The business had revenue of $616 million for the quarter, compared to analysts’ expectations of $606.40 million. During the same period last year, the business earned $0.10 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis.  On average, equities analysts expect that  Twitter will post $0.52 EPS for the current fiscal year.
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In related news, insider Adam Messinger sold 52,187 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $17.58, for a total transaction of $917,447.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, insider Robert Kaiden sold 5,808 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $17.99, for a total value of $104,485.92. The disclosure for this sale can be found here . Corporate insiders own  10.79% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its stake in  Twitter by 38.1% in the third quarter. D.A. Davidson & CO. now owns 390,678 shares of the social networking company’s stock valued at $9,004,000 after buying an additional 107,875 shares during the last quarter.  Cornerstone Capital Management Holdings LLC. acquired a new position in shares of  Twitter during the third quarter valued at approximately $783,000.  Salem Investment Counselors Inc. acquired a new position in shares of  Twitter during the third quarter valued at approximately $289,000.  Candriam Luxembourg S.C.A. increased its position in shares of  Twitter by 125.7% in the third quarter. Candriam Luxembourg S.C.A. now owns 43,032 shares of the social networking company’s stock valued at $992,000 after buying an additional 23,963 shares during the period.  Finally, Dai Ichi Life Holdings Inc. increased its position in shares of  Twitter by 1,314.0% in the third quarter. Dai Ichi Life Holdings Inc. now owns 157,928 shares of the social networking company’s stock valued at $3,640,000 after buying an additional 146,759 shares during the period. Institutional investors own  44.17% of the company’s stock.
About Twitter
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.
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