TWTR Stock Forecast, Price & News (Twitter)

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. Its promoted products consist of promoted ads and Twitter Amplify, Follower Ads, and Twitter takeover. In addition, the company offers monetization products for creators, including tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces. Further, it offers products for developers and data partners comprising Twitter Developer Platform, a platform that enables developers to build tools for people and businesses using its public application programming interface; and paid access to Twitter data for partners with commercial use cases. Twitter, Inc. was founded in 2006 and is based in San Francisco, California.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TWTR. The Street lowered shares of Twitter from a “c” rating to a “d+” rating in a research report on Friday, July 22nd. Robert W. Baird dropped their price objective on shares of Twitter from $45.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, July 11th. Argus lowered Twitter from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Wedbush dropped their price target on Twitter from $54.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, July 8th. Finally, Oppenheimer lowered Twitter from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 14th. Three analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.85.

Twitter trading up 0.1%

NYSE:TWTR traded up $0.06 during trading on Thursday, hitting $41.06. The company had a trading volume of 6,146,486 shares, compared to its average volume of 32,809,469. The company has a current ratio of 7.15, a quick ratio of 7.15 and a debt-to-equity ratio of 0.88. Twitter has a one year low of $31.30 and a one year high of $69.81. The company has a market cap of $31.42 billion, a price-to-earnings ratio of -205.30 and a beta of 0.62. The company’s fifty-day moving average is $38.76 and its 200-day moving average is $39.48.

Twitter (NYSE:TWTR – Get Rating) last released its quarterly earnings results on Friday, July 22nd. The social networking company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.22). Twitter had a negative return on equity of 0.82% and a negative net margin of 2.14%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company earned $0.04 earnings per share. Twitter’s quarterly revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that Twitter will post 0.29 earnings per share for the current year.

Insider Transactions at Twitter

In other Twitter news, CFO Ned D. Segal sold 5,000 shares of the stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $32.76, for a total value of $163,800.00. Following the completion of the transaction, the chief financial officer now owns 711,333 shares in the company, valued at $23,303,269.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Ned D. Segal sold 5,000 shares of the 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 completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder H RH Prince Alwaleed Bin Saud sold 490,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $37.27, for a total transaction of $18,262,300.00. Following the transaction, the insider now directly owns 30,100,078 shares of the company’s stock, valued at approximately $1,121,829,907.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 531,388 shares of company stock valued at $19,862,553. Corporate insiders own 2.70% of the company’s stock.

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