Twitter Inc. (NYSE:TWTR)‘s stock had its “neutral” rating reissued by stock analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday.
Shares of Twitter (NYSE:TWTR) traded down 1.07% during mid-day trading on Tuesday, hitting $18.45. The stock had a trading volume of 44,132,848 shares. The company’s market cap is $12.84 billion. Twitter has a 1-year low of $13.73 and a 1-year high of $33.24. The firm’s 50 day moving average price is $16.88 and its 200 day moving average price is $16.56.
Twitter (NYSE:TWTR) last posted its earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The firm had revenue of $602 million for the quarter, compared to the consensus estimate of $606.37 million. During the same period in the prior year, the business earned $0.07 EPS. Twitter’s quarterly revenue was up 19.9% compared to the same quarter last year. Analysts predict that Twitter will post $0.52 earnings per share for the current fiscal year.
Several other equities analysts have also recently commented on TWTR. Macquarie reissued a “hold” rating and set a $20.00 target price on shares of Twitter in a research report on Wednesday, April 6th. Deutsche Bank AG reissued a “buy” rating on shares of Twitter in a research report on Sunday, July 10th. Monness Crespi & Hardt dropped their target price on shares of Twitter from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Evercore ISI reaffirmed a “hold” rating and issued a $18.00 price target (down previously from $20.00) on shares of Twitter in a report on Thursday, April 28th. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Twitter in a report on Wednesday, April 27th. Six equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Twitter presently has an average rating of “Hold” and an average price target of $21.09.
In related news, CAO Robert Kaiden sold 11,754 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $15.02, for a total transaction of $176,545.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Adam Messinger sold 100,382 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $14.31, for a total transaction of $1,436,466.42. Following the transaction, the chief technology officer now directly owns 1,369,670 shares of the company’s stock, valued at $19,599,977.70. The disclosure for this sale can be found here.
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.
