Twitter, Inc. (TWTR) Given New $20.00 Price Target at Robert W. Baird

Twitter, Inc. (NYSE:TWTR) had its price target boosted by Robert W. Baird to $20.00 in a research note published on Thursday. The firm currently has a neutral rating on the social networking company’s stock.

Several other research firms have also commented on TWTR. Susquehanna Bancshares Inc boosted their price objective on shares of Twitter from $17.00 to $20.00 and gave the stock a neutral rating in a research report on Thursday. Wedbush lowered shares of Twitter from an outperform rating to a neutral rating and boosted their price objective for the stock from $14.00 to $16.00 in a research report on Monday, July 24th. Canaccord Genuity reiterated a hold rating and issued a $15.00 price objective on shares of Twitter in a research report on Monday, July 24th. Wells Fargo & Company reiterated a market perform rating on shares of Twitter in a research report on Saturday, July 22nd. Finally, Morgan Stanley reiterated an underweight rating and issued a $10.00 price objective on shares of Twitter in a research report on Saturday, July 22nd. Thirteen investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $16.71.

Twitter (NYSE TWTR) opened at 21.68 on Thursday. The firm’s 50-day moving average is $17.85 and its 200-day moving average is $17.49. Twitter has a 52-week low of $14.12 and a 52-week high of $21.96. The firm’s market capitalization is $15.89 billion.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.22%. The company had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. During the same period in the previous year, the firm earned $0.09 EPS. The business’s revenue was down 4.2% on a year-over-year basis. On average, analysts anticipate that Twitter will post $0.34 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Twitter, Inc. (TWTR) Given New $20.00 Price Target at Robert W. Baird” was published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.com-unik.info/2017/10/30/twitter-inc-twtr-given-new-20-00-price-target-at-robert-w-baird.html.

In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $16.07, for a total value of $241,050.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Evan Clark Williams sold 273,300 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $16.16, for a total value of $4,416,528.00. Following the completion of the sale, 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. Over the last three months, insiders have sold 1,759,445 shares of company stock worth $30,631,777. Corporate insiders own 10.79% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Twitter by 6.2% in the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock worth $872,704,000 after buying an additional 2,838,459 shares during the period. Northern Trust Corp increased its position in Twitter by 78.3% in the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock worth $149,215,000 after buying an additional 3,667,233 shares during the period. First Trust Advisors LP increased its position in Twitter by 5.3% in the third quarter. First Trust Advisors LP now owns 7,633,764 shares of the social networking company’s stock worth $128,782,000 after buying an additional 385,181 shares during the period. Contrarius Investment Management Ltd increased its position in Twitter by 17.4% in the second quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock worth $99,233,000 after buying an additional 822,455 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Twitter by 11.6% in the second quarter. The Manufacturers Life Insurance Company now owns 4,459,480 shares of the social networking company’s stock worth $79,691,000 after buying an additional 463,363 shares during the period. 49.42% of the stock is currently owned by hedge funds and other institutional investors.

About Twitter

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.

Analyst Recommendations for Twitter (NYSE:TWTR)

What are top analysts saying about Twitter Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Twitter Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit