Today: The Twitter Inc. (TWTR) Rating Reiterated by Monness Crespi & Hardt

The Twitter Inc. (TWTR) Rating Reiterated by Monness Crespi & Hardt

Twitter Inc. (NYSE:TWTR)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Monness Crespi & Hardt in a research report issued on Monday.

Other research analysts also recently issued reports about the company. Deutsche Bank AG reissued a “buy” rating on shares of Twitter in a research note on Sunday, July 10th. MKM Partners set a $18.50 target price on Twitter and gave the company a “hold” rating in a research report on Sunday, September 4th. Nomura decreased their target price on Twitter from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. Wedbush reaffirmed a “neutral” rating and issued a $14.00 target price (down from $20.00) on shares of Twitter in a research report on Monday, July 25th. Finally, Macquarie reaffirmed a “neutral” rating on shares of Twitter in a research report on Wednesday, July 27th. Twelve research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.66.

Shares of Twitter (NYSE:TWTR) opened at 18.00 on Monday. The firm’s market cap is $12.60 billion. The company has a 50-day moving average price of $19.91 and a 200 day moving average price of $17.38. Twitter has a 52 week low of $13.73 and a 52 week high of $31.87.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $602 million for the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative return on equity of 6.01% and a negative net margin of 16.51%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. Analysts expect that Twitter will post $0.51 EPS for the current fiscal year.

In other news, insider Adam Messinger sold 52,914 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Robert Kaiden sold 12,990 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $217,712.40. The disclosure for this sale can be found here. Company insiders own 10.79% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Integrated Investment Consultants LLC boosted its stake 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 boosted its stake 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. boosted its stake 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. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Twitter during the second quarter worth approximately $152,000. Finally, Hartford Investment Management Co. boosted 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 worth $174,000 after buying an additional 192 shares in the last quarter. 41.87% of the stock is currently owned by hedge funds and other institutional investors.

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