MKM Partners Reaffirms “Neutral” Rating for Twitter (NYSE:TWTR)

A number of other research analysts also recently weighed in on the stock. Pivotal Research decreased their target price on shares of Twitter from $49.75 to $47.00 and set a buy rating for the company in a research report on Friday, October 11th. Zacks Investment Research downgraded shares of Twitter from a buy rating to a hold rating and set a $43.00 target price for the company. in a research report on Monday, September 30th. SunTrust Banks lifted their price objective on shares of Twitter to $41.00 and gave the company a hold rating in a research report on Monday, July 29th. They noted that the move was a valuation call. Morgan Stanley decreased their price objective on shares of Twitter from $35.00 to $34.00 and set an equal weight rating for the company in a research report on Tuesday, October 15th. Finally, Cascend Securities lifted their price objective on shares of Twitter from $50.00 to $55.00 and gave the company a buy rating in a research report on Friday, September 6th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $41.19.

Shares of NYSE:TWTR opened at $40.09 on Friday. Twitter has a 12 month low of $26.26 and a 12 month high of $45.85. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $41.67 and its 200 day simple moving average is $38.92. The firm has a market cap of $30.62 billion, a price-to-earnings ratio of 72.89, a PEG ratio of 0.82 and a beta of 0.59.

Twitter (NYSE:TWTR) last released its earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $841.40 million during the quarter, compared to the consensus estimate of $828.07 million.

Twitter had a net margin of 71.46% and a return on equity of 7.93%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. Research analysts expect that Twitter will post 2.06 earnings per share for the current fiscal year.

In other news, VP Matthew Derella sold 4,668 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $39.68, for a total value of $185,226.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David S. Rosenblatt sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $40.04, for a total transaction of $1,601,600.00. The disclosure for this sale can be found here. Insiders sold a total of 141,087 shares of company stock valued at $5,773,613 over the last 90 days. Corporate insiders own 2.65% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Twitter by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 78,372,606 shares of the social networking company’s stock valued at $2,735,204,000 after purchasing an additional 1,510,879 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Twitter by 5.9% during the 2nd quarter. Northern Trust Corp now owns 11,390,324 shares of the social networking company’s stock valued at $397,522,000 after purchasing an additional 630,885 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Twitter by 17,011.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,494,744 shares of the social networking company’s stock valued at $366,266,000 after purchasing an additional 10,433,413 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Twitter by 331.4% during the 2nd quarter. Renaissance Technologies LLC now owns 7,337,600 shares of the social networking company’s stock valued at $256,082,000 after purchasing an additional 5,636,902 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Twitter by 23.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,919,539 shares of the social networking company’s stock valued at $206,592,000 after purchasing an additional 1,110,127 shares during the last quarter. 69.28% of the stock is currently owned by institutional investors.

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.