Twitter, Inc. (NYSE:TWTR) Receives “Hold” Rating from Pivotal Research

Twitter, Inc. (NYSE:TWTR)‘s stock had its “hold” rating restated by analysts at Pivotal Research in a research note issued on Monday, July 17th. They currently have a $17.00 target price on the social networking company’s stock, up from their prior target price of $15.00. Pivotal Research’s price target would suggest a potential upside of 6.78% from the stock’s current price.

Several other equities research analysts have also recently commented on TWTR. Vetr cut shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $16.54 target price for the company. in a research report on Monday, March 20th. Loop Capital reiterated a “sell” rating and issued a $10.00 price target on shares of Twitter in a research note on Monday, March 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Twitter in a research note on Thursday, March 23rd. Royal Bank Of Canada reiterated a “sell” rating and issued a $12.00 price target on shares of Twitter in a research note on Monday, March 27th. Finally, Barclays PLC began coverage on shares of Twitter in a research note on Tuesday, March 28th. They issued an “underweight” rating and a $14.00 price target for the company. Sixteen investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.59.

Shares of Twitter (TWTR) opened at 15.92 on Monday. The firm’s market cap is $11.67 billion. Twitter has a 12 month low of $14.12 and a 12 month high of $25.25. The firm has a 50-day moving average of $17.99 and a 200-day moving average of $16.88.

Twitter (NYSE:TWTR) last posted its earnings results on Thursday, July 27th. The social networking company reported $0.08 EPS 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 during the quarter, compared to analysts’ expectations of $536.63 million. During the same period last year, the company posted $0.13 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, analysts anticipate that Twitter will post $0.34 EPS for the current year.

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In other news, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $17.46, for a total transaction of $261,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Kaiden sold 2,815 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $18.37, for a total transaction of $51,711.55. The disclosure for this sale can be found here. Insiders have sold 2,337,873 shares of company stock worth $42,520,779 in the last quarter. Company insiders own 10.79% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Mosaic Family Wealth LLC raised its stake in shares of Twitter by 14.2% in the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock worth $105,000 after buying an additional 875 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Twitter during the first quarter worth about $107,000. Nicolet Bankshares Inc. raised its stake in shares of Twitter by 227.6% in the first quarter. Nicolet Bankshares Inc. now owns 7,821 shares of the social networking company’s stock worth $117,000 after buying an additional 5,434 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Twitter by 46.0% in the first quarter. Westside Investment Management Inc. now owns 10,454 shares of the social networking company’s stock worth $152,000 after buying an additional 3,295 shares in the last quarter. Finally, TRUE Private Wealth Advisors bought a new stake in shares of Twitter during the first quarter worth about $153,000. 47.02% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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