Twitter, Inc. (NYSE:TWTR)‘s stock had its “neutral” rating restated by investment analysts at Cantor Fitzgerald in a research report issued on Tuesday, July 25th. They presently have a $16.00 price target on the social networking company’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 0.50% from the stock’s current price.
The analysts wrote, “Estimates vs. consensus/guidance. For 2Q17, we estimate that revenue decreased 10.9% Y/Y to $536.1M (vs. -7.8% in 1Q17) and EBITDA declined 32.8% Y/Y to $117.3M (21.9% margin), compared with the FactSet cons. of $537M and $125M, respectively. Management guided to EBITDA of $95-115M (21-21.5% margin), which implies revenue of $452.4-534.9M. MAUs are expected to increase by 3M sequentially (vs. the surprise bump of +9M in 1Q17) to 331M ending MAUs (+5.6% Y/Y).””
Other equities analysts have also issued research reports about the stock. Jefferies Group LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Twitter in a report on Tuesday, April 18th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Twitter in a report on Saturday, June 3rd. Wedbush reiterated a “neutral” rating and set a $14.00 price objective (up previously from $13.00) on shares of Twitter in a report on Wednesday, April 26th. Barclays PLC upped their price objective on shares of Twitter from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Monday, May 1st. Finally, Pivotal Research reiterated a “hold” rating and set a $17.00 price objective (up previously from $15.00) on shares of Twitter in a report 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 assigned a buy rating to the company’s stock. Twitter presently has a consensus rating of “Hold” and a consensus price target of $15.59.
Shares of Twitter (TWTR) opened at 15.92 on Tuesday. The company’s market cap is $11.67 billion. The company has a 50 day moving average of $17.99 and a 200-day moving average of $16.88. Twitter has a 52-week low of $14.12 and a 52-week high of $25.25.
Twitter (NYSE:TWTR) last released its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 18.25% and a negative return on equity of 2.91%. Twitter’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Analysts forecast that Twitter will post $0.34 EPS for the current fiscal year.
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In related news, Director Evan Clark Williams sold 853,700 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the transaction, the director now owns 2,735,038 shares of the company’s stock, valued at approximately $53,005,036.44. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was 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. In the last ninety days, insiders have sold 2,337,873 shares of company stock worth $42,520,779. 10.79% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Clinton Group Inc. raised its stake in shares of Twitter by 28.8% in the first quarter. Clinton Group Inc. now owns 103,394 shares of the social networking company’s stock worth $1,546,000 after buying an additional 23,128 shares during the period. World Asset Management Inc raised its stake in shares of Twitter by 26.1% in the first quarter. World Asset Management Inc now owns 27,077 shares of the social networking company’s stock worth $405,000 after buying an additional 5,597 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Twitter by 77.5% in the second quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock worth $519,000 after buying an additional 12,690 shares during the period. Searle & CO. purchased a new stake in shares of Twitter during the fourth quarter worth about $1,236,000. Finally, Independent Advisor Alliance raised its stake in shares of Twitter by 10.5% in the first quarter. Independent Advisor Alliance now owns 58,632 shares of the social networking company’s stock worth $860,000 after buying an additional 5,562 shares during the period. 47.02% of the stock is currently owned by institutional investors and hedge funds.
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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