Pivotal Research Reiterates “Hold” Rating for Twitter (TWTR)

Pivotal Research reiterated their hold rating on shares of Twitter (NYSE:TWTR) in a report issued on Wednesday morning. Pivotal Research currently has a $21.00 price objective on the social networking company’s stock.

Other equities research analysts also recently issued research reports about the company. Cantor Fitzgerald restated a hold rating and set a $16.00 price target on shares of Twitter in a research report on Monday, October 23rd. BidaskClub upgraded Twitter from a hold rating to a buy rating in a research report on Friday, October 6th. Canaccord Genuity reiterated a hold rating and issued a $15.00 price objective on shares of Twitter in a report on Friday, October 20th. Vetr downgraded Twitter from a strong-buy rating to a hold rating and set a $19.88 price objective on the stock. in a report on Thursday, October 26th. Finally, Barclays lifted their price objective on Twitter from $16.00 to $18.00 and gave the stock an underweight rating in a report on Friday, October 27th. Twelve research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $18.90.

Shares of Twitter (TWTR) opened at $25.41 on Wednesday. Twitter has a 12-month low of $14.12 and a 12-month high of $25.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. The firm has a market capitalization of $18,870.00, a PE ratio of -49.82, a price-to-earnings-growth ratio of 10.62 and a beta of 1.11.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The business had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. During the same quarter last year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. equities research analysts forecast that Twitter will post 0.02 EPS for the current fiscal year.

In related news, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $24.27, for a total transaction of $445,281.69. Following the transaction, the director now owns 2,328,359 shares in the company, valued at approximately $56,509,272.93. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $18.19, for a total value of $272,850.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,335,712 shares of company stock worth $113,614,151. 10.79% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Balentine LLC boosted its position in Twitter by 86.6% during the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after acquiring an additional 3,167 shares in the last quarter. Toronto Dominion Bank boosted its position in Twitter by 21.3% during the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after acquiring an additional 1,333 shares in the last quarter. Malaga Cove Capital LLC bought a new stake in Twitter during the 3rd quarter valued at approximately $154,000. Staley Capital Advisers Inc. bought a new stake in Twitter during the 3rd quarter valued at approximately $173,000. Finally, Federated Investors Inc. PA bought a new stake in Twitter during the 2nd quarter valued at approximately $174,000. 50.69% of the stock is currently owned by institutional investors and hedge funds.

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About Twitter

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

Analyst Recommendations for Twitter (NYSE:TWTR)

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