Rosenblatt Securities reaffirmed their hold rating on shares of Twitter (NYSE:TWTR) in a report released on Wednesday, AnalystRatings.com reports.
Other research analysts have also recently issued research reports about the company. Wedbush cut their price target on Twitter from $36.00 to $30.00 and set a neutral rating on the stock in a research note on Tuesday, March 24th. Mizuho upgraded Twitter from an underperform rating to a neutral rating and cut their price target for the stock from $35.00 to $28.00 in a research note on Monday, April 27th. JPMorgan Chase & Co. cut Twitter from an overweight rating to a neutral rating and set a $29.00 price objective on the stock. in a research note on Thursday, April 16th. Deutsche Bank upped their price objective on Twitter from $22.00 to $28.00 and gave the company a hold rating in a research note on Friday, May 1st. Finally, UBS Group cut their price objective on Twitter from $27.00 to $25.00 and set a neutral rating on the stock in a research note on Tuesday, April 21st. Four investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Twitter has an average rating of Hold and a consensus price target of $33.35.
NYSE:TWTR opened at $35.41 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 11.93 and a current ratio of 11.93. Twitter has a one year low of $20.00 and a one year high of $45.85. The business’s 50-day simple moving average is $32.55 and its 200 day simple moving average is $31.38. The stock has a market cap of $25.88 billion, a price-to-earnings ratio of 21.86 and a beta of 0.79.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, April 30th. The social networking company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.12. Twitter had a return on equity of 3.22% and a net margin of 36.39%. The business had revenue of $807.60 million for the quarter, compared to analysts’ expectations of $773.08 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Twitter will post -0.1 EPS for the current year.
In related news, CAO Robert Kaiden sold 10,530 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $27.57, for a total value of $290,312.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Montano sold 1,750 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.50, for a total value of $55,125.00. The disclosure for this sale can be found here. Insiders sold a total of 87,584 shares of company stock valued at $2,607,439 over the last three months. Corporate insiders own 2.64% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its position in Twitter by 9.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,322 shares of the social networking company’s stock worth $203,000 after purchasing an additional 565 shares during the period. Belpointe Asset Management LLC lifted its position in shares of Twitter by 81.2% during the 4th quarter. Belpointe Asset Management LLC now owns 23,125 shares of the social networking company’s stock valued at $742,000 after acquiring an additional 10,362 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Twitter by 142.1% during the 4th quarter. Baird Financial Group Inc. now owns 264,705 shares of the social networking company’s stock valued at $8,484,000 after acquiring an additional 155,348 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Twitter by 23.6% during the 1st quarter. Victory Capital Management Inc. now owns 3,682,779 shares of the social networking company’s stock valued at $90,449,000 after acquiring an additional 703,973 shares during the last quarter. Finally, Cedar Capital LLC lifted its position in shares of Twitter by 12.0% during the 1st quarter. Cedar Capital LLC now owns 55,074 shares of the social networking company’s stock valued at $1,353,000 after acquiring an additional 5,909 shares during the last quarter. Hedge funds and other institutional investors own 72.54% of the company’s stock.
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
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