Loop Capital Reiterates “Sell” Rating for Twitter Inc (TWTR)

Twitter Inc (NYSE:TWTR)‘s stock had its “sell” rating reissued by stock analysts at Loop Capital in a report issued on Monday. They presently have a $10.00 price target on the social networking company’s stock. Loop Capital’s target price would suggest a potential downside of 33.73% from the company’s current price.

Several other equities analysts have also commented on TWTR. OTR Global reissued a “negative” rating on shares of Twitter in a research report on Wednesday, November 23rd. Vetr lowered Twitter from a “strong-buy” rating to a “buy” rating and set a $19.31 price target on the stock. in a research report on Monday, December 5th. Canaccord Genuity reissued a “hold” rating and set a $18.00 price target on shares of Twitter in a research report on Wednesday, December 7th. Wedbush reissued a “neutral” rating and set a $14.00 price target on shares of Twitter in a research report on Thursday, December 15th. Finally, Monness Crespi & Hardt reissued a “neutral” rating on shares of Twitter in a research report on Friday, December 16th. Sixteen research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and five have assigned a buy rating to the company’s stock. Twitter presently has an average rating of “Hold” and a consensus target price of $15.93.

Analyst Recommendations for Twitter (NYSE:TWTR)

Twitter (NYSE:TWTR) traded up 0.07% during midday trading on Monday, hitting $15.09. The stock had a trading volume of 12,454,181 shares. Twitter has a 12-month low of $13.73 and a 12-month high of $25.25. The company has a 50-day moving average price of $16.24 and a 200-day moving average price of $17.90. The company’s market cap is $10.81 billion.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, February 9th. The social networking company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $717 million for the quarter, compared to analyst estimates of $740.17 million. Twitter had a negative return on equity of 4.59% and a negative net margin of 18.06%. Twitter’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. Equities analysts anticipate that Twitter will post $0.29 EPS for the current year.

Your IP Address:

In related news, CAO Robert Kaiden sold 7,802 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $17.67, for a total transaction of $137,861.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack Dorsey acquired 425,998 shares of the stock in a transaction that occurred on Tuesday, February 14th. The shares were bought at an average price of $16.43 per share, with a total value of $6,999,147.14. The disclosure for this purchase can be found here. 10.79% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its position in shares of Twitter by 15.6% in the third quarter. TIAA CREF Investment Management LLC now owns 2,283,838 shares of the social networking company’s stock worth $52,642,000 after buying an additional 308,711 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Twitter during the third quarter worth approximately $14,701,000. BlackRock Japan Co. Ltd increased its position in shares of Twitter by 6.5% in the third quarter. BlackRock Japan Co. Ltd now owns 787,166 shares of the social networking company’s stock worth $18,144,000 after buying an additional 47,799 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Twitter by 400.0% in the fourth quarter. AQR Capital Management LLC now owns 362,193 shares of the social networking company’s stock worth $5,904,000 after buying an additional 289,758 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Twitter by 1,065.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,005,675 shares of the social networking company’s stock worth $16,400,000 after buying an additional 919,389 shares during the last quarter. Hedge funds and other institutional investors own 44.45% of the company’s stock.

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.

5 Day Chart for NYSE:TWTR

Receive News & Ratings for Twitter Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply

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