The company is scheduled to announce its next earnings results on Tuesday, July 25th. Intll Group Inc holds 0% of its portfolio in Twitter Inc (NYSE:TWTR) for 15,439 shares. Gmt Capital Corporation accumulated 534,100 shares or 0.18% of the stock. Zacks Investment Research's earnings per share calculations are an average based on a survey of sell-side research firms that cover Twitter.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Wednesday, April 26th. The social networking company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.27. That value represents a market adjusting for revenues that have been falling by -7.78 % on a quarterly year/year basis as of the company's last quarterly report. Twitter had a negative net margin of 18.06% and a negative return on equity of 4.59%. After $-0.05 actual EPS reported by Twitter Inc for the previous quarter, Wall Street now forecasts 120.00% negative EPS growth. They expect $-0.11 EPS, 0.00% or $0.00 from last year's $-0.11 per share. Cantor Fitzgerald dropped their price objective on Twitter to $16.00 in a report on Friday, February 10th. Moreover, Sii Investments Incorporated Wi has 0.02% invested in Twitter Inc (NYSE:TWTR). Aegis reiterated a "sell" rating and set a $12.00 target price on shares of Twitter in a research report on Thursday, April 13th. Jefferies Group LLC reiterated a buy rating and issued a $20.00 price objective on shares of Twitter in a research note on Thursday, March 23rd.
04/27/2017 - Twitter, Inc. had its "buy" rating reiterated by analysts at Goldman Sachs. Sixteen analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and six have issued a buy rating to the stock. Analysts reported that the Price Target for Twitter, Inc. might touch $25 high while the Average Price Target and Low price Target is $15.22 and $9.2 respectively. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright legislation. If you are viewing this article on another domain, it was stolen and reposted in violation of USA and worldwide trademark and copyright laws. The legal version of this piece can be accessed at https://www.com-unik.info/2017/06/07/wells-fargo-co-reaffirms-hold-rating-for-twitter-inc-twtr-updated-updated.html.
Shares of Twitter (NYSE:TWTR) traded down 3.62% during mid-day trading on Tuesday, reaching $17.57. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -4.68% where SMA50 and SMA200 are 5.69% and 0.15% respectively. The company has market cap of $12.78 billion. Twitter had the third deepest penetration among the Social Media platforms (ahead of Snapchat but behind Facebook and Instagram), and it also had the highest churn as evidenced by 14% of survey respondents who used to have a Twitter account but no longer do by a factor of 2x vs. Instagram and Snapchat, and +3x that of Facebook. Twitter also was the target of some unusual options trading activity on Monday. Highbridge Capital Management Llc sold 295,676 shares as Rambus Inc Del (Put) (RMBS)'s stock declined 4.13%. This is an increase of approximately 144% compared to the average daily volume of 7,258 put options.
In related news, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 4th. They now have a Dollars 14 price target on the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 684,900 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were purchased at an average cost of $16.62 per share, for a total transaction of $9,539,913.24. Institutional investors own 44.45% of the company's stock. The disclosure for this sale can be found here. Insiders sold 1,666,057 shares of company stock worth $28,577,879 in the last ninety days.
Large investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its stake in shares of Twitter by 0.6% in the fourth quarter. OppenheimerFunds Inc. increased its stake in shares of Twitter by 42.3% in the first quarter. Its book value per share for the most recent quarter is $6.5 while its price to book ratio for the same period is 2.7, as for as the company's cash per share for the most recent quarter is $5.33, however its price to cash per share ratio for the same period is 3.3. LLC bought a new position in Twitter during the fourth quarter valued at approximately $130,000. The Company's products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends.