Mizuho Initiates Coverage on Twitter, Inc. (NYSE:TWTR)

Stock analysts at Mizuho assumed coverage on shares of Twitter, Inc. (NYSE:TWTR) in a report issued on Monday, August 7th, Marketbeat Ratings reports. The brokerage set an “underperform” rating and a $14.50 price target on the social networking company’s stock. Mizuho’s target price would suggest a potential downside of 9.32% from the company’s current price.

A number of other research firms have also commented on TWTR. UBS AG reiterated a “sell” rating and issued a $14.00 price target (up previously from $12.00) on shares of Twitter in a research report on Friday, April 28th. Drexel Hamilton reiterated a “buy” rating on shares of Twitter in a research report on Tuesday, May 2nd. Vetr upgraded Twitter from a “hold” rating to a “buy” rating and set a $18.35 price target on the stock in a research report on Tuesday, June 6th. OTR Global upgraded Twitter from a “negative” rating to a “mixed” rating in a research report on Thursday, July 13th. Finally, MKM Partners reiterated a “neutral” rating and issued a $16.00 price target on shares of Twitter in a research report on Tuesday, April 25th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have given a buy rating to the company’s stock. Twitter currently has an average rating of “Hold” and an average target price of $15.59.

Twitter (TWTR) traded up 0.76% during trading on Monday, reaching $15.99. The company had a trading volume of 7,808,420 shares. The firm’s market capitalization is $11.72 billion. The firm’s 50 day moving average price is $17.69 and its 200 day moving average price is $16.85. Twitter has a 12-month low of $14.12 and a 12-month high of $25.25.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $574 million for the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. Twitter’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. Analysts anticipate that Twitter will post $0.34 earnings per share for the current year.

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In related news, insider Robert Kaiden sold 2,815 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $18.37, for a total value of $51,711.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $17.46, for a total value of $261,900.00. The disclosure for this sale can be found here. Insiders sold 2,352,873 shares of company stock worth $42,761,829 in the last quarter. 10.79% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC increased its stake in Twitter by 17.8% in the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock worth $550,249,000 after buying an additional 5,561,940 shares during the last quarter. Northern Trust Corp increased its stake in Twitter by 78.3% in the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock worth $149,215,000 after buying an additional 3,667,233 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Twitter by 42.3% in the first quarter. OppenheimerFunds Inc. now owns 10,088,428 shares of the social networking company’s stock worth $150,822,000 after buying an additional 2,999,690 shares during the last quarter. Vanguard Group Inc. increased its stake in Twitter by 6.2% in the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock worth $872,704,000 after buying an additional 2,838,459 shares during the last quarter. Finally, Amerigo Asset Management increased its stake in Twitter by 64.3% in the first quarter. Amerigo Asset Management now owns 6,463,910 shares of the social networking company’s stock worth $96,635,000 after buying an additional 2,528,910 shares during the last quarter. Institutional investors and hedge funds own 47.36% of the company’s stock.

About Twitter

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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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