Twitter, Inc. (NYSE:TWTR) Rating Reiterated by MKM Partners
Twitter, Inc. (NYSE:TWTR)‘s stock had its “neutral” rating reiterated by equities research analysts at MKM Partners in a note issued to investors on Thursday. They presently have a $18.00 price target on the social networking company’s stock, up from their previous price target of $16.00. MKM Partners’ price target would suggest a potential upside of 13.07% from the company’s current price.
TWTR has been the subject of a number of other research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Twitter in a research report on Tuesday, April 18th. Royal Bank Of Canada reissued an “underperform” rating on shares of Twitter in a research note on Saturday, June 3rd. Barclays PLC reissued a “sell” rating and issued a $16.00 target price on shares of Twitter in a research note on Friday, July 28th. Wedbush reissued a “neutral” rating and issued a $14.00 target price (up previously from $13.00) on shares of Twitter in a research note on Wednesday, April 26th. Finally, Pivotal Research reissued a “hold” rating and issued a $17.00 target price (up previously from $15.00) on shares of Twitter in a research note on Monday, July 17th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have issued a buy rating to the company’s stock. Twitter has a consensus rating of “Hold” and a consensus target price of $15.59.
Twitter (NYSE:TWTR) traded up 1.08% during trading on Thursday, reaching $15.92. The company had a trading volume of 8,442,542 shares. The firm has a 50-day moving average price of $17.99 and a 200 day moving average price of $16.88. The stock’s market cap is $11.67 billion. Twitter has a 12-month low of $14.12 and a 12-month high of $25.25.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The business had revenue of $574 million during the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. Equities research analysts predict that Twitter will post $0.34 EPS for the current fiscal year.
In related news, Director Evan Clark Williams sold 373,100 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $18.38, for a total value of $6,857,578.00. Following the completion of the transaction, the director now owns 2,838,269 shares of the company’s stock, valued at $52,167,384.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Kaiden sold 2,815 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $18.37, for a total transaction of $51,711.55. The disclosure for this sale can be found here. Insiders have sold 2,337,873 shares of company stock valued at $42,520,779 in the last three months. 10.79% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mosaic Family Wealth LLC increased its position in Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock worth $105,000 after buying an additional 875 shares during the period. Advisory Services Network LLC acquired a new position in Twitter during the first quarter worth $107,000. Nicolet Bankshares Inc. increased its position in Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock worth $117,000 after buying an additional 5,434 shares during the period. Westside Investment Management Inc. increased its position in Twitter by 46.0% in the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock worth $152,000 after buying an additional 3,295 shares during the period. Finally, TRUE Private Wealth Advisors acquired a new position in Twitter during the first quarter worth $153,000. 47.02% of the stock is owned by institutional investors and hedge funds.
Twitter Company Profile
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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