Twitter’s (NYSE:TWTR) Sell Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada restated their sell rating on shares of Twitter, Inc. (NYSE:TWTR) in a report released on Sunday, October 8th. Royal Bank Of Canada currently has a $14.00 target price on the social networking company’s stock.

Several other research firms have also recently commented on TWTR. BidaskClub upgraded shares of Twitter from a hold rating to a buy rating in a report on Sunday, July 16th. BMO Capital Markets restated a hold rating and set a $17.00 price target on shares of Twitter in a report on Sunday, July 16th. Cantor Fitzgerald restated a neutral rating and set a $16.00 price target on shares of Twitter in a report on Tuesday, July 25th. Vetr cut shares of Twitter from a strong-buy rating to a buy rating and set a $19.22 price target on the stock. in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and issued a $15.00 price objective on shares of Twitter in a research note on Saturday, July 22nd. Sixteen equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Twitter currently has a consensus rating of Hold and a consensus target price of $15.44.

Twitter (NYSE TWTR) opened at 18.28 on Friday. The stock has a 50 day moving average price of $17.46 and a 200 day moving average price of $17.26. Twitter has a 52 week low of $14.12 and a 52 week high of $20.88. The stock’s market capitalization is $13.40 billion.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping the 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 $574.00 million for the quarter, compared to analysts’ expectations of $536.63 million. During the same period in the previous year, the company posted $0.13 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts forecast that Twitter will post $0.33 EPS for the current year.

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In related news, insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $16.78, for a total value of $62,002.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 273,300 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $16.16, for a total transaction of $4,416,528.00. Following the completion of the transaction, the director now directly owns 2,710,576 shares of the company’s stock, valued at approximately $43,802,908.16. The disclosure for this sale can be found here. Insiders have sold 1,744,445 shares of company stock valued at $30,358,927 in the last three months. 9.18% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in TWTR. Clearbridge Investments LLC lifted its stake in Twitter by 17.8% in the first quarter. Clearbridge Investments LLC now owns 36,805,927 shares of the social networking company’s stock valued at $550,249,000 after acquiring an additional 5,561,940 shares during the last quarter. Northern Trust Corp lifted its stake in Twitter by 78.3% in the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock valued at $149,215,000 after acquiring an additional 3,667,233 shares during the last quarter. Vanguard Group Inc. lifted its stake in Twitter by 6.2% in the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock valued at $872,704,000 after acquiring an additional 2,838,459 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Twitter in the second quarter valued at $43,694,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Twitter during the 2nd quarter worth about $38,366,000. Hedge funds and other institutional investors own 49.14% of the company’s stock.

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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