Twitter, Inc. (TWTR) Rating Reiterated by Citigroup Inc.

Twitter, Inc. (NYSE:TWTR)‘s stock had its “sell” rating reiterated by research analysts at Citigroup Inc. in a report released on Thursday. They presently have a $12.00 price objective on the social networking company’s stock. Citigroup Inc.’s target price would suggest a potential downside of 24.62% from the stock’s current price.

Several other equities analysts have also commented on TWTR. UBS AG reissued a “sell” rating and set a $14.00 price target (up from $12.00) on shares of Twitter in a research report on Friday, April 28th. Zacks Investment Research lowered Twitter from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Cowen and Company reissued an “underperform” rating and set a $14.00 price target (up from $12.00) on shares of Twitter in a research report on Friday, July 28th. MKM Partners reissued a “neutral” rating and set a $18.00 price target (up from $16.00) on shares of Twitter in a research report on Thursday. Finally, Mizuho assumed coverage on Twitter in a research report on Monday, August 7th. They set an “underperform” rating and a $14.50 price target on the stock. Sixteen equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.59.

Shares of Twitter (NYSE TWTR) opened at 15.92 on Thursday. Twitter has a 1-year low of $14.12 and a 1-year high of $25.25. The stock’s market capitalization is $11.67 billion. The company’s 50 day moving average is $17.99 and its 200-day moving average is $16.88.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm 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 revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. Equities analysts anticipate that Twitter will post $0.34 earnings per share for the current fiscal year.

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In related news, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $17.46, for a total transaction of $261,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 273,300 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $16.16, for a total value of $4,416,528.00. Following the transaction, the director now directly owns 2,710,576 shares in the company, valued at $43,802,908.16. The disclosure for this sale can be found here. Insiders have sold 2,337,873 shares of company stock worth $42,520,779 over the last three months. 10.79% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Nwam LLC raised its position in shares of Twitter by 0.4% in the first quarter. Nwam LLC now owns 12,573 shares of the social networking company’s stock valued at $188,000 after buying an additional 50 shares during the last quarter. Intl Fcstone Inc. raised its position in shares of Twitter by 1.0% in the first quarter. Intl Fcstone Inc. now owns 13,552 shares of the social networking company’s stock valued at $221,000 after buying an additional 136 shares during the last quarter. Rothschild Asset Management Inc. raised its position in shares of Twitter by 0.4% in the second quarter. Rothschild Asset Management Inc. now owns 35,078 shares of the social networking company’s stock valued at $627,000 after buying an additional 151 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Twitter by 1.4% in the first quarter. Nordea Investment Management AB now owns 18,605 shares of the social networking company’s stock valued at $278,000 after buying an additional 257 shares during the last quarter. Finally, Atria Investments LLC raised its position in shares of 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 last quarter. 47.02% of the stock is currently owned by institutional investors.

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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