Twitter, Inc. (TWTR) Upgraded to “Neutral” at Citigroup Inc.

Twitter, Inc. (NYSE:TWTR) was upgraded by equities researchers at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research report issued on Monday, November 6th, Marketbeat reports. The firm currently has a $20.00 price target on the social networking company’s stock, up from their previous price target of $19.90. Citigroup Inc.’s price target would suggest a potential downside of 10.79% from the company’s current price.

Several other equities research analysts have also commented on TWTR. MKM Partners reiterated a “neutral” rating and issued a $18.00 price objective (up previously from $16.00) on shares of Twitter in a research note on Thursday, August 10th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $18.00 price objective (up previously from $16.00) on shares of Twitter in a research note on Friday, October 27th. They noted that the move was a valuation call. Cowen Inc restated an “underperform” rating and set a $14.00 price target (up previously from $12.00) on shares of Twitter in a research note on Friday, July 28th. Mizuho started coverage on shares of Twitter in a research note on Monday, August 7th. They set an “underperform” rating and a $14.50 price target for the company. Finally, Jefferies Group LLC restated a “hold” rating and set a $16.00 price target on shares of Twitter in a research note on Thursday, September 28th. Twelve research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.75.

Twitter (NYSE:TWTR) traded up $0.15 during trading hours on Monday, reaching $22.42. 7,584,013 shares of the company’s stock traded hands, compared to its average volume of 20,449,440. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a 52-week low of $14.12 and a 52-week high of $22.48.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $590.00 million during the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. equities analysts forecast that Twitter will post 0.02 earnings per share for the current year.

In other Twitter news, Director Evan Clark Williams sold 319,385 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $16.92, for a total value of $5,403,994.20. Following the completion of the transaction, the director now directly owns 2,636,518 shares of the company’s stock, valued at approximately $44,609,884.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Kaiden sold 3,805 shares of Twitter stock in a transaction on Friday, September 1st. The stock was sold at an average price of $16.81, for a total transaction of $63,962.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,034,845 shares of company stock valued at $79,904,107. Insiders own 10.79% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rothschild Asset Management Inc. lifted its holdings in shares of Twitter by 0.4% during the 2nd quarter. Rothschild Asset Management Inc. now owns 35,078 shares of the social networking company’s stock worth $627,000 after acquiring an additional 151 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Twitter by 2.3% during the 2nd quarter. Nordea Investment Management AB now owns 19,027 shares of the social networking company’s stock worth $340,000 after acquiring an additional 422 shares during the last quarter. Comerica Bank lifted its holdings in shares of Twitter by 1.8% during the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock worth $557,000 after acquiring an additional 489 shares during the last quarter. Hills Bank & Trust Co. lifted its holdings in shares of Twitter by 4.7% during the 2nd quarter. Hills Bank & Trust Co. now owns 13,330 shares of the social networking company’s stock worth $238,000 after acquiring an additional 595 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its holdings in shares of Twitter by 6.3% during the 2nd quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock worth $197,000 after acquiring an additional 650 shares during the last quarter. 49.75% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Twitter, Inc. (TWTR) Upgraded to “Neutral” at Citigroup Inc.” was originally published by BBNS and is the sole property of of BBNS. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://baseballnewssource.com/markets/twitter-inc-twtr-upgraded-by-citigroup-inc-to-neutral/1762091.html.

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)

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 our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.