Today, Twitter’s (TWTR) Hold Rating Reiterated at SunTrust Banks Inc.

Today, Twitter’s (TWTR) Hold Rating Reiterated at SunTrust Banks Inc.

SunTrust Banks Inc. reissued their hold rating on shares of Twitter Inc. (NYSE:TWTR) in a report issued on Wednesday morning. The brokerage currently has a $18.00 price target on the social networking company’s stock.

A number of other research firms have also recently weighed in on TWTR. Vetr cut shares of Twitter from a strong-buy rating to a buy rating and set a $20.52 price objective on the stock. in a report on Monday, July 18th. RBC Capital Markets reissued a sector perform rating and set a $20.00 target price on shares of Twitter in a research note on Tuesday, July 26th. Cantor Fitzgerald cut shares of Twitter from a buy rating to a hold rating in a research note on Wednesday, July 27th. Pacific Crest reissued a hold rating on shares of Twitter in a research note on Wednesday, July 27th. Finally, Robert W. Baird reissued a neutral rating and set a $16.00 target price on shares of Twitter in a research note on Wednesday, July 27th. Twelve investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $19.42.

Shares of Twitter (NYSE:TWTR) opened at 16.88 on Wednesday. The firm has a 50 day moving average of $19.84 and a 200 day moving average of $17.40. Twitter has a one year low of $13.73 and a one year high of $31.87. The stock’s market cap is $11.82 billion.

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

In other Twitter news, insider Robert Kaiden sold 13,231 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $17.87, for a total transaction of $236,437.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Messinger sold 4,901 shares of the company’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 value of $115,859.64. The disclosure for this sale can be found here. Company insiders own 10.79% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. National Pension Service boosted its stake in shares of Twitter by 9.3% in the third quarter. National Pension Service now owns 516,935 shares of the social networking company’s stock worth $11,915,000 after buying an additional 44,052 shares in the last quarter. Amerigo Asset Management bought a new stake in shares of Twitter during the third quarter worth about $100,874,000. Highland Capital Management LLC boosted its stake in shares of Twitter by 1.1% in the third quarter. Highland Capital Management LLC now owns 24,140 shares of the social networking company’s stock worth $556,000 after buying an additional 266 shares in the last quarter. Morgens Waterfall Vintiadis & Co. Inc. boosted its stake in shares of Twitter by 80.0% in the third quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 180,000 shares of the social networking company’s stock worth $4,149,000 after buying an additional 80,000 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in shares of Twitter by 7.6% in the third quarter. Eagle Asset Management Inc. now owns 535,800 shares of the social networking company’s stock worth $12,350,000 after buying an additional 38,031 shares in the last quarter. 41.84% of the stock is owned by hedge funds and other institutional investors.

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