The Twitter Inc. (TWTR) Lifted to Hold at Evercore ISI

The Twitter Inc. (TWTR) Lifted to Hold at Evercore ISI

Evercore ISI upgraded shares of Twitter Inc. (NYSE:TWTR) from a sell rating to a hold rating in a research note issued to investors on Tuesday. The firm currently has $17.00 target price on the social networking company’s stock.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity reaffirmed a buy rating on shares of Twitter in a research report on Sunday, September 25th. Vetr raised Twitter from a hold rating to a strong-buy rating and set a $24.69 price target on the stock in a research report on Monday. Jefferies Group reaffirmed a buy rating and issued a $23.00 price target on shares of Twitter in a research report on Monday, August 22nd. Zacks Investment Research lowered Twitter from a hold rating to a sell rating in a research report on Wednesday, July 20th. Finally, Citigroup Inc. reaffirmed a neutral rating and issued a $16.00 price target on shares of Twitter in a research report on Tuesday, July 26th. Twelve investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Twitter has a consensus rating of Hold and an average price target of $19.64.

Shares of Twitter (NYSE:TWTR) opened at 17.79 on Tuesday. Twitter has a 12 month low of $13.73 and a 12 month high of $31.87. The company has a 50-day moving average price of $19.88 and a 200-day moving average price of $17.39. The stock’s market cap is $12.46 billion.

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

In other Twitter news, insider Adam Messinger sold 4,901 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $23.64, for a total transaction of $115,859.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert Kaiden sold 12,990 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were 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.

Large investors have recently bought and sold shares of the stock. Integrated Investment Consultants LLC increased its stake in 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 during the period. Advisory Services Network LLC increased its stake in 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 during the period. Mizuho Asset Management Co. Ltd. increased its stake in 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 during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Twitter during the second quarter worth about $152,000. Finally, Hartford Investment Management Co. increased its stake in 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 during the period. 41.87% of the stock is owned by hedge funds and other institutional investors.

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