Deutsche Bank lowered their target price on shares of Twitter from $60.00 to $50.00 and set a buy rating on the stock in a report on Wednesday, July 29th.
VP, secretary, and general council, Colin S Stretch sold 1,000 shares (1.23% of his stake) for $92,250, through a single transaction on September 15. The shares were sold at an average price of $35.56, for a total value of $1,084,580.00. Also, VP Kevin Weil sold 5,055 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at $27.30 per share for a total value of $137,976.73.
Twitter, Inc. (NYSE:TWTR): The mean short term price target for Twitter, Inc. At that point, the company’s valuation had fallen such that I viewed a small position as an attractively priced option on the company’s ability to monetize their user base and/or realize takeover upside. Twitter has a 1-year low of $21.01 and a 1-year high of $55.99. The company has a market cap of $18,537 million and there are 676,304,000 shares in outstanding.
Twitter’s expected to release its third-quarter earnings report in about a month. The social networking company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03.
According to Bloomberg, “Noto said he understands that investors don’t focus on Twitter’s wider audience because the company isn’t making money off it. But with new initiatives like Project Lightning, which will make it possible for people not logged into Twitter to tune into events, Twitter could start to make those broader numbers more meaningful”.
Chief product officer Christopher K. Cox dumped 5,934 shares (0.96% of his stake) for $547,365, through two transactions on September 15. Evercore ISI cut shares of Twitter from a buy rating to a hold rating and reduced their price objective for the company from $49.00 to $39.00 in a research note on Thursday, June 4th.
Several other research analysts have also recently issued reports on the stock. (NYSE:TWTR) has been established at $45.7 per share. The rating by the firm was issued on September 8, 2015. Analysts at the Moffett Nathanson have a current rating of Neutral on the shares. In the last 200 days, Twitter Inc share price had a 29.79% go down. The stock garnered a place in the hold list of 12 stock Analysts. Twitter has a consensus rating of Hold and an average price target of $42.22. The Company offers products and services for users, advertisers, developers and platform and data partners. Twitter content, on the other hand, is distributed everywhere: Most major online publications frequently embed relevant tweets into news articles, and notable tweetstorms and viral hashtags are now regular fodder for cable TV spots. It generates its advertising revenue primarily from the sale of its three Promoted Products: Promoted Tweets, Promoted Accounts and Promoted Trends. Products for platform associates and developers supply a group of tools, public application program interface (APIs) and embeddable widgets that developers utilize to give their content to its platform, syndicate and distribute its content across their properties.