Twitter Inc. (NYSE:TWTR)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank AG in a research report issued on Wednesday. They currently have a $22.00 price target on the social networking company’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 23.66% from the stock’s current price.
Several other equities analysts have also recently commented on the stock. Canaccord Genuity reaffirmed a “buy” rating on shares of Twitter in a research note on Sunday, September 25th. Vetr raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $24.69 price target for the company in a research note on Monday. Jefferies Group reissued a “buy” rating and issued a $23.00 price target on shares of Twitter in a research note on Monday, August 22nd. Evercore ISI cut shares of Twitter from a “hold” rating to a “sell” rating and cut their price target for the stock from $18.00 to $17.00 in a research note on Thursday, August 18th. Finally, Zacks Investment Research cut shares of Twitter from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Twelve research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $19.64.
Shares of Twitter (NYSE:TWTR) opened at 17.79 on Wednesday. Twitter has a 52-week low of $13.73 and a 52-week high of $31.87. The stock’s 50 day moving average is $19.88 and its 200 day moving average is $17.39. The firm’s market capitalization is $12.46 billion.
Twitter (NYSE:TWTR) last issued its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The company earned $602 million during the quarter, compared to analysts’ expectations of $606.37 million. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. Twitter’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. On average, equities research analysts forecast that Twitter will post $0.51 EPS for the current year.
In other Twitter news, CAO Robert Kaiden sold 12,990 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $16.76, for a total transaction of $217,712.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Messinger sold 4,901 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $23.64, for a total transaction of $115,859.64. The disclosure for this sale can be found here. 10.79% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Twitter by 36.5% in the second quarter. Vanguard Group Inc. now owns 33,938,829 shares of the social networking company’s stock worth $573,906,000 after buying an additional 9,067,613 shares during the last quarter. Amerigo Asset Management purchased a new stake in Twitter during the third quarter worth approximately $100,874,000. Commerzbank Aktiengesellschaft FI boosted its stake in Twitter by 307.2% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,886,736 shares of the social networking company’s stock worth $48,815,000 after buying an additional 2,177,825 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in Twitter during the second quarter worth approximately $22,334,000. Finally, Contrarius Investment Management Ltd boosted its stake in Twitter by 25.6% in the second quarter. Contrarius Investment Management Ltd now owns 4,147,508 shares of the social networking company’s stock worth $70,134,000 after buying an additional 844,273 shares during the last quarter. Institutional investors own 41.87% of the company’s stock.