Twitter (TWTR) Given “Hold” Rating at Jefferies Group

Jefferies Group restated their hold rating on shares of Twitter (NYSE:TWTR) in a research note released on Monday. Jefferies Group currently has a $22.00 price objective on the social networking company’s stock. Jefferies Group also issued estimates for Twitter’s Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at $0.03 EPS and Q4 2018 earnings at $0.06 EPS.

TWTR has been the subject of several other reports. Goldman Sachs Group set a $26.00 price objective on Twitter and gave the company a buy rating in a report on Friday, October 27th. Vetr cut Twitter from a strong-buy rating to a buy rating and set a $19.82 price objective for the company. in a report on Wednesday, October 4th. Susquehanna Bancshares lifted their price objective on Twitter from $17.00 to $20.00 and gave the company a neutral rating in a report on Thursday, October 26th. Morgan Stanley reaffirmed an underweight rating and issued a $10.00 price objective on shares of Twitter in a report on Monday, October 2nd. Finally, Wells Fargo & Co lifted their price objective on Twitter from $16.00 to $19.00 and gave the company a market perform rating in a report on Friday, October 27th. Twelve research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $18.63.

Shares of Twitter (TWTR) traded down $0.42 during midday trading on Monday, reaching $24.17. The company’s stock had a trading volume of 12,587,134 shares, compared to its average volume of 17,640,000. The firm has a market cap of $17,950.00, a PE ratio of -47.39, a PEG ratio of 11.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter has a 52-week low of $14.12 and a 52-week high of $25.56.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS. equities research analysts expect that Twitter will post 0.02 earnings per share for the current fiscal year.

In related news, insider Robert Kaiden sold 1,186 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $24.44, for a total transaction of $28,985.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $18.19, for a total value of $272,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,726,480 shares of company stock worth $120,514,319 in the last 90 days. 9.18% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWTR. Northern Trust Corp grew its position in shares of Twitter by 78.3% in the 2nd 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. Vanguard Group Inc. grew its position in shares of Twitter by 6.2% in the 2nd 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. Renaissance Technologies LLC bought a new stake in shares of Twitter in the 2nd quarter valued at about $43,694,000. Amerigo Asset Management grew its position in shares of Twitter by 46.2% in the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after buying an additional 2,172,000 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its position in shares of Twitter by 99.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 3,551,209 shares of the social networking company’s stock valued at $59,909,000 after buying an additional 1,771,623 shares during the last quarter. Hedge funds and other institutional investors own 50.69% of the company’s stock.

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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)

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