Twitter, Inc. (NYSE:TWTR) Given Consensus Recommendation of “Hold” by Brokerages


Shares of Twitter, Inc. (NYSE:TWTR – Get Rating) have been given an average rating of “Hold” by the thirty-three analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $45.16.

TWTR has been the subject of several recent analyst reports. Citigroup lowered their target price on shares of Twitter from $54.20 to $36.00 and set a “neutral” rating for the company in a research note on Monday, July 11th. Argus downgraded shares of Twitter from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. MKM Partners downgraded shares of Twitter from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research note on Tuesday, April 5th. Piper Sandler decreased their price target on shares of Twitter from $54.20 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, July 13th. Finally, Evercore ISI decreased their price target on shares of Twitter from $60.00 to $54.20 and set an “in-line” rating for the company in a report on Thursday, July 7th.

Twitter price performance

NYSE TWTR opened at $39.49 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.58 and a current ratio of 6.58. The firm’s 50-day moving average price is $38.52 and its 200-day moving average price is $39.46. Twitter has a 52-week low of $31.30 and a 52-week high of $73.34. The company has a market cap of $30.15 billion, a PE ratio of 171.70 and a beta of 0.59.

Twitter (NYSE:TWTR – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The social networking company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.96. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. Twitter had a net margin of 4.27% and a return on equity of 3.77%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Sell-side analysts forecast that Twitter will post 0.92 EPS for the current fiscal year.

Insiders Activity

In related news, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $32.76, for a total value of $163,800.00. Following the sale, the chief financial officer now directly owns 711,333 shares in the company, valued at approximately $23,303,269.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $32.76, for a total value of $163,800.00. Following the sale, the chief financial officer now directly owns 711,333 shares in the company, valued at approximately $23,303,269.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bruce Falck sold 20,069 shares of Twitter stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $48.89, for a total transaction of $981,173.41. Following the completion of the sale, the insider now owns 346,210 shares in the company, valued at $16,926,206.90. The disclosure for this sale can be found here. In the last three months, insiders sold 569,152 shares of company stock valued at $21,737,324. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Twitter

A number of hedge funds and other institutional investors have recently made changes to their positions in TWTR. DNB Asset Management AS lifted its stake in Twitter by 8.6% during the first quarter. DNB Asset Management AS now owns 127,292 shares of the social networking company’s stock valued at $4,925,000 after purchasing an additional 10,099 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of Twitter by 13.1% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 65,828 shares of the social networking company’s stock worth $2,547,000 after acquiring an additional 7,617 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Twitter by 7.0% during the 1st quarter. Cerity Partners LLC now owns 12,669 shares of the social networking company’s stock worth $492,000 after acquiring an additional 827 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Twitter by 2,650.9% during the 4th quarter. Renaissance Technologies LLC now owns 4,404,196 shares of the social networking company’s stock worth $190,349,000 after acquiring an additional 4,244,096 shares in the last quarter. Finally, Masso Torrence Wealth Management Inc. bought a new stake in shares of Twitter during the 4th quarter worth $42,000. 91.72% of the stock is currently owned by institutional investors.

Twitter Company Profiles

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Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company’s primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as tweets created and engagement with tweets.

Further Reading

Analyst Recommendations for Twitter (NYSE:TWTR)



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