Posted by David Glaser on Jan 14th, 2017 // No Comments
Twitter, Inc. (NYSE:TWTR)‘s stock had its “neutral” rating reissued by equities researchers at Robert W. Baird in a report released on Saturday. They currently have a $17.00 price objective on the social networking company’s stock. Robert W. Baird’s price target indicates a potential downside of 1.45% from the company’s previous close.
Several other research firms also recently commented on TWTR. RBC Capital Markets  reissued an “underperform” rating and set a $14.00 target price on shares of Twitter in a research report on Saturday. Mizuho  reissued an “underperform” rating on shares of Twitter in a research report on Thursday, November 10th. Wedbush  reissued a “neutral” rating and set a $14.00 target price on shares of Twitter in a research report on Thursday, December 15th. MKM Partners  reissued a “neutral” rating and set a $18.50 target price on shares of Twitter in a research report on Tuesday, November 15th. Finally, Loop Capital  reissued a “hold” rating and set a $16.00 target price on shares of Twitter in a research report on Friday, November 11th. Eleven analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, five have issued  a buy rating and two have issued  a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.11.
Shares of Twitter ( NYSE:TWTR ) traded down 0.75% during midday trading on Friday, reaching $17.25. 11,401,444 shares of the company traded hands. The company has a 50-day moving average of $17.80 and a 200 day moving average of $18.45. The firm’s market capitalization is $12.22 billion. Twitter has a 12-month low of $13.73 and a 12-month high of $25.25.
Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 27th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.28. The business had revenue of $616 million for the quarter, compared to analyst estimates of $606.40 million. Twitter had a negative net margin of 15.06% and a negative return on equity of 5.18%. Twitter’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share.  On average, equities analysts forecast that  Twitter will post $0.52 earnings per share for the current year.
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In other news, insider Robert Kaiden sold 5,808 shares of Twitter stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $17.99, for a total value of $104,485.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, insider Adam Messinger sold 52,187 shares of Twitter stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $17.58, for a total transaction of $917,447.46. The disclosure for this sale can be found here . 10.79% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. raised its stake in shares of  Twitter by 38.1% in the third quarter. D.A. Davidson & CO. now owns 390,678 shares of the social networking company’s stock worth $9,004,000 after buying an additional 107,875 shares in the last quarter.  Cornerstone Capital Management Holdings LLC. bought a new stake in shares of  Twitter during the third quarter worth approximately $783,000.  Salem Investment Counselors Inc. bought a new stake in shares of  Twitter during the third quarter worth approximately $289,000.  Candriam Luxembourg S.C.A. raised its stake 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 worth $992,000 after buying an additional 23,963 shares in the last quarter.  Finally, Dai Ichi Life Holdings Inc. raised its stake 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 worth $3,640,000 after buying an additional 146,759 shares in the last quarter. Hedge funds and other institutional investors own  44.17% of the company’s stock.
Twitter Company Profile
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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