Twitter, Inc. (NYSE:TWTR) Rating Reiterated by Stifel Nicolaus

Twitter, Inc. (NYSE:TWTR)‘s stock had its “sell” rating reissued by research analysts at Stifel Nicolaus in a report issued on Sunday, July 30th. They currently have a $12.00 target price on the social networking company’s stock, up from their prior target price of $10.00. Stifel Nicolaus’ target price indicates a potential downside of 24.95% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Aegis reiterated a “sell” rating on shares of Twitter in a research note on Sunday, April 2nd. Canaccord Genuity reduced their price objective on shares of Twitter from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, April 3rd. Barclays PLC reiterated an “underweight” rating and set a $14.00 price objective on shares of Twitter in a research note on Monday, April 17th. BMO Capital Markets reiterated a “hold” rating and set a $17.00 price objective on shares of Twitter in a research note on Monday, April 17th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Twitter in a research note on Tuesday, April 18th. 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 currently has an average rating of “Hold” and an average target price of $15.59.

Twitter (TWTR) traded up 0.76% during midday trading on Friday, hitting $15.99. 7,808,420 shares of the stock traded hands. The company’s market cap is $11.72 billion. Twitter has a one year low of $14.12 and a one year high of $25.25. The company’s 50-day moving average is $17.69 and its 200-day moving average is $16.85.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. The business had revenue of $574 million during the quarter, compared to the consensus estimate of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Equities research analysts expect that Twitter will post $0.34 EPS for the current fiscal year.

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In other news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $17.46, for a total value of $261,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Evan Clark Williams sold 373,100 shares of Twitter stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $18.38, for a total transaction of $6,857,578.00. Following the completion of the transaction, the director now directly owns 2,838,269 shares in the company, valued at approximately $52,167,384.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,352,873 shares of company stock worth $42,761,829. Insiders own 10.79% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Mosaic Family Wealth LLC raised its position in Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock worth $105,000 after buying an additional 875 shares in the last quarter. Advisory Services Network LLC purchased a new position in Twitter during the first quarter worth approximately $107,000. Nicolet Bankshares Inc. raised its position in Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock worth $117,000 after buying an additional 5,434 shares in the last quarter. Toronto Dominion Bank raised its position in Twitter by 21.3% in the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after buying an additional 1,333 shares in the last quarter. Finally, Westside Investment Management Inc. raised its position in Twitter by 46.0% in the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock worth $152,000 after buying an additional 3,295 shares in the last quarter. 47.36% 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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