Mediaboss Marketing

Twitter (NYSE:TWTR) had its price target cut by Citigroup from $45.00 to $36.00 in a research report report published on Wednesday, December 18th, BenzingaRatingsTable reports. They currently have a neutral rating on the social networking companys stock.

A number of other research analysts have also recently weighed in on the stock. Pivotal Research reaffirmed a buy rating and issued a $35.00 price objective on shares of Twitter in a report on Thursday, October 24th. Jefferies Financial Group reaffirmed a hold rating and issued a $38.00 price objective (down previously from $44.00) on shares of Twitter in a report on Friday, October 25th. Mizuho cut their price objective on shares of Twitter from $35.00 to $31.00 and set an underperform rating for the company in a report on Friday, October 25th. Macquarie cut their price objective on shares of Twitter from $43.00 to $36.00 and set a neutral rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird cut their target price on shares of Twitter from $40.00 to $39.00 in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eleven have given a buy rating to the companys stock. Twitter currently has a consensus rating of Hold and a consensus target price of $36.36.

NYSE TWTR traded down $0.44 on Wednesday, reaching $32.78. 11,149,154 shares of the companys stock traded hands, compared to its average volume of 12,626,526. Twitter has a fifty-two week low of $28.63 and a fifty-two week high of $45.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 8.69 and a current ratio of 8.69. The stock has a 50 day moving average price of $31.30 and a 200-day moving average price of $36.52. The firm has a market cap of $25.66 billion, a price-to-earnings ratio of 59.60, a P/E/G ratio of 2.66 and a beta of 0.57.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 24th. The social networking company reported $0.17 earnings per share for the quarter, beating analysts consensus estimates of $0.10 by $0.07. Twitter had a net margin of 47.67% and a return on equity of 6.07%. The company had revenue of $824.00 million during the quarter, compared to analysts expectations of $875.21 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The firms revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Twitter will post 1.98 EPS for the current fiscal year.

In other Twitter news, CAO Robert Kaiden sold 9,685 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $29.72, for a total transaction of $287,838.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vijaya Gadde sold 8,332 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $39.66, for a total transaction of $330,447.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,993 shares of company stock worth $2,211,668. Company insiders own 2.65% of the companys stock.

A number of institutional investors have recently added to or reduced their stakes in the business. E&G Advisors LP acquired a new stake in Twitter during the 4th quarter worth approximately $266,000. Addison Capital Co lifted its holdings in Twitter by 1.6% during the 4th quarter. Addison Capital Co now owns 112,877 shares of the social networking companys stock worth $3,618,000 after buying an additional 1,750 shares in the last quarter. Sanders Morris Harris LLC acquired a new stake in Twitter during the 4th quarter worth approximately $1,841,000. Carroll Financial Associates Inc. lifted its holdings in Twitter by 238.5% during the 4th quarter. Carroll Financial Associates Inc. now owns 1,706 shares of the social networking companys stock worth $54,000 after buying an additional 1,202 shares in the last quarter. Finally, Accurate Investment Solutions Inc. lifted its holdings in Twitter by 2,012.0% during the 4th quarter. Accurate Investment Solutions Inc. now owns 2,112 shares of the social networking companys stock worth $68,000 after buying an additional 2,012 shares in the last quarter. Institutional investors own 71.67% of the companys stock.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Link:
Twitter (NYSE:TWTR) PT Lowered to $36.00 at Citigroup - Riverton Roll