Other equity research analysts have also recently published research reports on the company. Benchmark began its Twitter coverage in a research note on Tuesday, March 1. They issued a “holding” rating for the company. Rosenblatt Securities began its Twitter coverage in a research note on Tuesday, April 19. They issued a “neutral” rating and a price target of $48.00 for the company. MKM Partners downgraded Twitter from a “buy” rating to a “neutral” rating and set a price target of $49.00 for the company. in a research note from Tuesday, April 5. BMO Capital Markets cut its price target on Twitter from $65.00 to $40.00 and set a “market performance” rating for the company in a Friday, Feb. 11 research note. Finally, Mizuho raised its price target on Twitter from $46.00 to $54.00 and gave the company a “neutral” rating in a Tuesday, April 26 research note. Two equity research analysts rated the stock with a sell rating, twenty-five gave the stock a hold rating and seven gave the stock a buy rating. According to MarketBeat.com, Twitter has a consensus rating of “Hold” and an average price target of $49.83.
TWTR Stock opened at $49.06 on Thursday. The company has a 50-day moving average price of $41.68 and a 200-day moving average price of $43.45. The stock has a market capitalization of $37.46 billion, a price-earnings ratio of 213.31 and a beta of 0.56. Twitter has a fifty-two week low of $31.30 and a fifty-two week high of $73.34. The company has a quick ratio of 5.89, a current ratio of 6.58 and a leverage ratio of 0.89.
Twitter (NYSE: TWTR – Get a rating) last released its results on Thursday, April 28. The social networking company reported earnings per share of $0.90 for the quarter, beating the consensus estimate of $0.03 by $0.87. The company posted revenue of $1.20 billion in the quarter, compared to $1.23 billion expected by analysts. Twitter had a return on equity of 3.77% and a net margin of 4.27%. The company’s revenue increased by 15.9% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $0.06. As a group, sell-side analysts expect Twitter to post 0.13 EPS for the current year.
Twitter announced that its board authorized a stock buyback plan on Thursday, Feb. 10 that allows the company to repurchase $4.00 billion in outstanding stock. This repurchase authorization allows the social media company to repurchase up to 14% of its shares through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its stock is undervalued.
In other Twitter news, CFO Ned D. Segal sold 5,000 shares of the company in a trade on Tuesday, April 12. The stock was sold at an average price of $47.14, for a total value of $235,700.00. Following the sale, the CFO now owns 522,129 shares of the company, valued at $24,613,161.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Insiders have sold 15,000 shares of the company worth $573,800 in the past three months. 2.70% of the shares are held by insiders.
Several large investors have recently changed their holdings in TWTR. PNC Financial Services Group Inc. raised its position in Twitter shares by 3.7% in the third quarter. PNC Financial Services Group Inc. now owns 141,510 shares of the social networking company valued at $8,547,000 after acquiring 5,106 additional shares last quarter. Moors & Cabot Inc. increased its position in Twitter shares by 1,360.7% in the third quarter. Moors & Cabot Inc. now owns 85,000 shares of the social networking company valued at $87,000 after acquiring an additional 79,181 shares last quarter. Keybank National Association OH raised its position in Twitter shares by 8.4% in the third quarter. Keybank National Association OH now owns 17,106 shares of the social networking company valued at $1,033,000 after acquiring 1,330 additional shares in the last quarter. Americana Partners LLC increased its position in Twitter shares by 138.4% in the third quarter. Americana Partners LLC now owns 5,461 shares of the social networking company valued at $329,000 after acquiring 3,170 additional shares last quarter. Finally, Synovus Financial Corp increased its position in Twitter shares by 425.3% in the third quarter. Synovus Financial Corp now owns 54,374 shares of the social networking company valued at $3,286,000 after acquiring an additional 44,022 shares last quarter. Institutional investors and hedge funds hold 91.72% of the company’s shares.
Twitter company profile (Get a rating)
Twitter, Inc operates as a platform for public expression and real-time conversation. The Company offers Twitter, a platform that allows users to consume, create, distribute and discover content. It also provides promoted products and services, such as promoted ads and twitter amplification, followers ads and twitter takeover; Tips for sending small, one-time payments directly to Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating public conversation on Twitter Spaces.
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