J P Morgan Chase & Co restated their neutral rating on shares of Twitter, Inc. (NYSE:TWTR) in a research report released on Saturday, July 22nd. The brokerage currently has a $15.00 target price on the social networking company’s stock.
TWTR has been the subject of a number of other reports. Jefferies Group LLC reiterated a buy rating and set a $20.00 price target on shares of Twitter in a report on Tuesday, April 18th. Royal Bank Of Canada restated an underperform rating on shares of Twitter in a research note on Saturday, June 3rd. Wedbush restated a neutral rating and issued a $14.00 target price (up from $13.00) on shares of Twitter in a research note on Wednesday, April 26th. Barclays PLC raised their target price on Twitter from $14.00 to $15.00 and gave the company an underweight rating in a research note on Monday, May 1st. Finally, Pivotal Research reaffirmed a hold rating and issued a $17.00 price target (up previously from $15.00) on shares of Twitter in a research report on Monday, July 17th. Sixteen research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the company’s stock. Twitter presently has an average rating of Hold and an average price target of $15.59.
Shares of Twitter (NYSE:TWTR) traded up 0.76% during midday trading on Friday, reaching $15.99. The company had a trading volume of 7,808,420 shares. The company’s 50-day moving average is $17.74 and its 200-day moving average is $16.86. The firm’s market cap is $11.72 billion. Twitter has a 52-week low of $14.12 and a 52-week high of $25.25.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm had revenue of $574 million during the quarter, compared to the consensus estimate of $536.63 million. During the same period last year, the business posted $0.13 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts expect that Twitter will post $0.34 EPS for the current fiscal year.
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In other Twitter news, Director Evan Clark Williams sold 373,100 shares of Twitter 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 directly owns 2,838,269 shares of the company’s stock, valued at approximately $52,167,384.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $16.07, for a total transaction of $241,050.00. The disclosure for this sale can be found here. Insiders sold a total of 2,352,873 shares of company stock valued at $42,761,829 over the last three months. Corporate insiders own 10.79% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Reliance Trust Co. of Delaware raised its stake in Twitter by 33.0% in the first quarter. Reliance Trust Co. of Delaware now owns 80,951 shares of the social networking company’s stock valued at $1,210,000 after buying an additional 20,080 shares during the period. Berkshire Asset Management LLC PA purchased a new stake in Twitter during the first quarter valued at about $191,000. CWM LLC raised its stake in Twitter by 29.2% in the first quarter. CWM LLC now owns 155,704 shares of the social networking company’s stock valued at $2,328,000 after buying an additional 35,214 shares during the period. Atria Investments LLC raised its stake in Twitter by 2.6% in the first quarter. Atria Investments LLC now owns 10,404 shares of the social networking company’s stock valued at $156,000 after buying an additional 268 shares during the period. Finally, Grassi Investment Management raised its stake in Twitter by 3.0% in the first quarter. Grassi Investment Management now owns 52,300 shares of the social networking company’s stock valued at $782,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 47.36% of the company’s stock.
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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