Twitter, Inc. (NYSE:TWTR)‘s stock had its “neutral” rating restated by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Tuesday, July 25th. They currently have a $16.00 price objective on the social networking company’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 0.06% 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).””
Several other equities research analysts have also issued reports on TWTR. Vetr raised shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 target price for the company in a report on Monday, June 12th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a report on Friday, April 28th. Aegis reaffirmed a “sell” rating and set a $12.00 price objective on shares of Twitter in a report on Thursday, April 13th. Barclays PLC reaffirmed an “underweight” rating and set a $14.00 price objective on shares of Twitter in a report on Monday, April 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $20.00 price objective on shares of Twitter in a report on Friday, April 28th. Sixteen investment 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 stock. Twitter has a consensus rating of “Hold” and an average target price of $15.59.
Twitter (NYSE TWTR) traded up 0.76% during mid-day trading on Tuesday, reaching $15.99. 7,808,420 shares of the company’s stock were exchanged. Twitter has a 12 month low of $14.12 and a 12 month high of $25.25. The stock has a 50-day moving average of $17.69 and a 200-day moving average of $16.85. The firm’s market cap is $11.72 billion.
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 the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The firm had revenue of $574 million for the quarter, compared to analysts’ expectations of $536.63 million. During the same quarter in the prior year, the business earned $0.13 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts anticipate that Twitter will post $0.34 earnings per share for the current year.
In other news, Director Evan Clark Williams sold 373,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was 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 of the company’s stock, valued at approximately $52,167,384.22. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $16.07, for a total value of $241,050.00. The disclosure for this sale can be found here. Insiders sold 2,352,873 shares of company stock valued at $42,761,829 over the last three months. 10.79% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Twitter by 6.2% in the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock valued at $872,704,000 after buying an additional 2,838,459 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Twitter by 17.8% in the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock valued at $550,249,000 after buying an additional 5,561,940 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Twitter by 42.3% in the first quarter. OppenheimerFunds Inc. now owns 10,088,428 shares of the social networking company’s stock valued at $150,822,000 after buying an additional 2,999,690 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Twitter by 78.3% in the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock valued at $149,215,000 after buying an additional 3,667,233 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Twitter by 10.8% in the second quarter. First Trust Advisors LP now owns 7,248,583 shares of the social networking company’s stock valued at $129,532,000 after buying an additional 705,208 shares during the last quarter. 47.36% of the stock is owned by institutional investors and hedge funds.
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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