Twitter Inc (NYSE:TWTR) was downgraded by equities researchers at Vetr from a "buy" rating to a "hold" rating in a research report issued on Tuesday, MarketBeat.com reports. They presently have a $21.61 target price on the social networking company's stock. Vetr's target price indicates a potential upside of 3.60% from the company's current price.
In other news, CAO Robert Kaiden sold 20,231 shares of the business's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $15.33, for a total value of $310,141.23. Following the completion of the transaction, the chief accounting officer now owns 209,500 shares in the company, valued at $3,211,635. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam Messinger sold 52,914 shares of the business's stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The disclosure for this sale can be found here.
Other equities analysts have also issued reports about the company. Morgan Stanley reissued a "sell" rating and issued a $14.50 price target (down from $16.00) on shares of Twitter in a research note on Wednesday, April 27th. Cantor Fitzgerald reissued a "buy" rating on shares of Twitter in a research note on Saturday, June 4th. Deutsche Bank AG reissued a "buy" rating on shares of Twitter in a research note on Sunday, July 10th. JP Morgan Cazenove dropped their price target on Twitter from $18.00 to $15.10 and set a "neutral" rating on the stock in a research note on Thursday, April 28th. Finally, Nomura dropped their price target on Twitter from $16.00 to $13.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 27th. Six research analysts have rated the stock with a sell rating, thirty-two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of "Hold" and an average target price of $19.85.
Twitter (NYSE:TWTR) opened at 20.86 on Tuesday, MarketBeat.com reports. The company has a 50 day moving average of $17.83 and a 200 day moving average of $16.58. The company's market capitalization is $14.61 billion. Twitter has a 1-year low of $13.73 and a 1-year high of $31.87.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping the Zacks' consensus estimate of $0.10 by $0.03. The company earned $602 million during the quarter, compared to analyst estimates of $606.37 million. During the same period in the prior year, the firm earned $0.07 earnings per share. Twitter's revenue was up 19.9% compared to the same quarter last year. On average, analysts predict that Twitter will post $0.51 earnings per share for the current fiscal year.
Several hedge funds and institutional investors have bought and sold shares of TWTR. Integrated Investment Consultants LLC boosted its position in Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company's stock valued at $113,000 after buying an additional 3,099 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Twitter during the second quarter valued at $152,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Twitter during the first quarter valued at approximately $169,000. Hartford Investment Management Co. raised its stake in shares of Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company's stock valued at $174,000 after buying an additional 192 shares during the last quarter. Finally, Financial Architects Inc raised its stake in shares of Twitter by 80.4% in the second quarter. Financial Architects Inc now owns 10,600 shares of the social networking company's stock valued at $179,000 after buying an additional 4,724 shares during the last quarter.
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company's service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.