Twitter (NYSE:TWTR) Price Target Cut to $33.00 by Analysts at Rosenblatt Securities

Twitter (NYSE:TWTRGet Rating) had its price target cut by Rosenblatt Securities from $54.20 to $33.00 in a report released on Tuesday, Stock Target Advisor reports. They currently have a neutral rating on the social networking company’s stock.

Several other research analysts also recently weighed in on TWTR. Guggenheim restated a buy rating and set a $34.00 price objective on shares of Twitter in a report on Friday, March 18th. Argus cut shares of Twitter from a buy rating to a hold rating in a research report on Thursday, May 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Twitter from $35.00 to $54.20 and gave the stock a hold rating in a report on Tuesday, April 26th. Benchmark began coverage on Twitter in a report on Tuesday, March 1st. They set a hold rating for the company. Finally, The Goldman Sachs Group reissued a sell rating and set a $30.00 price objective on shares of Twitter in a report on Friday, April 15th. Two research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Twitter presently has an average rating of Hold and an average price target of $48.91.

Shares of NYSE:TWTR opened at $38.68 on Tuesday. The company has a market capitalization of $29.54 billion, a price-to-earnings ratio of 168.18 and a beta of 0.58. The company has a debt-to-equity ratio of 0.89, a current ratio of 6.58 and a quick ratio of 6.58. The business’s 50-day moving average is $42.45 and its 200-day moving average is $40.32. Twitter has a 1 year low of $31.30 and a 1 year high of $73.34.

Twitter (NYSE:TWTRGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The social networking company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.96. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.23 billion. Twitter had a return on equity of 3.77% and a net margin of 4.27%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. Analysts anticipate that Twitter will post 0.83 EPS for the current year.

In other news, CFO Ned D. Segal sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $38.00, for a total value of $190,000.00. Following the transaction, the chief financial officer now owns 716,333 shares of the company’s stock, valued at $27,220,654. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bruce Falck sold 20,069 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $48.89, for a total transaction of $981,173.41. Following the completion of the transaction, the insider now directly owns 346,210 shares in the company, valued at approximately $16,926,206.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 558,231 shares of company stock worth $21,390,076. Company insiders own 2.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TWTR. Mutual Advisors LLC increased its stake in Twitter by 2.1% in the first quarter. Mutual Advisors LLC now owns 11,559 shares of the social networking company’s stock valued at $447,000 after acquiring an additional 241 shares during the last quarter. Evoke Wealth LLC increased its stake in Twitter by 5.2% in the first quarter. Evoke Wealth LLC now owns 4,998 shares of the social networking company’s stock valued at $193,000 after acquiring an additional 248 shares during the last quarter. Glassman Wealth Services increased its stake in Twitter by 47.1% in the first quarter. Glassman Wealth Services now owns 803 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 257 shares during the last quarter. Icon Wealth Partners LLC increased its stake in Twitter by 2.4% in the first quarter. Icon Wealth Partners LLC now owns 11,150 shares of the social networking company’s stock valued at $431,000 after acquiring an additional 259 shares during the last quarter. Finally, Joel Isaacson & Co. LLC increased its stake in Twitter by 0.3% in the fourth quarter. Joel Isaacson & Co. LLC now owns 94,199 shares of the social networking company’s stock valued at $4,071,000 after acquiring an additional 270 shares during the last quarter. 91.72% of the stock is currently owned by hedge funds and other institutional investors.

About Twitter (Get Rating)

Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

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Analyst Recommendations for Twitter (NYSE:TWTR)

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