Trading Report: Today, OTR Global Reiterates Negative Rating for Twitter Inc. (TWTR)

Today, OTR Global Reiterates Negative Rating for Twitter Inc. (TWTR)

Twitter Inc. (NYSE:TWTR)‘s stock had its “negative” rating reissued by research analysts at OTR Global in a report issued on Wednesday.

Several other research firms have also recently issued reports on TWTR. Vetr cut Twitter from a “hold” rating to a “sell” rating and set a $23.06 price objective on the stock. in a report on Tuesday, October 4th. Mizuho lowered Twitter from a “neutral” rating to an “underperform” rating and set a $15.00 target price on the stock. in a research report on Wednesday, September 28th. Nomura reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Twitter in a research report on Wednesday, September 28th. Loop Capital lowered Twitter from a “hold” rating to a “sell” rating and set a $18.00 target price on the stock. in a research report on Wednesday, September 28th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $15.00 target price on shares of Twitter in a research report on Wednesday, October 5th. Ten research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.43.

Twitter (NYSE:TWTR) opened at 18.22 on Wednesday. Twitter has a 52-week low of $13.73 and a 52-week high of $26.25. The firm’s market capitalization is $12.90 billion. The stock’s 50 day moving average price is $18.25 and its 200 day moving average price is $17.75.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 27th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.28. Twitter had a negative return on equity of 5.18% and a negative net margin of 15.06%. The business had revenue of $616 million for the quarter, compared to analysts’ expectations of $606.40 million. During the same quarter last year, the firm earned $0.10 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Analysts expect that Twitter will post $0.52 earnings per share for the current year.

In other Twitter news, insider Adam Messinger sold 4,901 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $23.64, for a total transaction of $115,859.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Kaiden sold 3,604 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $20.06, for a total transaction of $72,296.24. The disclosure for this sale can be found here. Company insiders own 10.79% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Apriem Advisors raised its position in shares of Twitter by 4.5% in the third quarter. Apriem Advisors now owns 4,650 shares of the social networking company’s stock worth $107,000 after buying an additional 200 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock worth $113,000 after buying an additional 3,099 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Twitter by 24.1% in the third quarter. Advisory Services Network LLC now owns 4,890 shares of the social networking company’s stock worth $113,000 after buying an additional 950 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its position in shares of Twitter by 204.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,618 shares of the social networking company’s stock worth $129,000 after buying an additional 5,115 shares in the last quarter. Finally, Edmond de Rothschild Europe bought a new position in shares of Twitter during the third quarter worth approximately $149,000. 42.17% of the stock is owned by institutional investors and hedge funds.

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