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Twitter, Inc. (TWTR) Announces Earnings Results, Beats Estimates By $0.03 EPS

28 October 2017

The brokerage now has a "buy" rating on the social networking company's stock. Barclays PLC's price target points to a potential downside of 11.37% from the company's current price. (NYSE:TWTR) by 307.2% during the second quarter, Holdings Channel reports. Finally, JMP Securities reiterated a "market perform" rating on shares of Twitter in a research report on Thursday, July 13th. Wedbush set a $16.00 target price on shares of Twitter and gave the company a hold rating in a research report on Monday. They noted that the move was a valuation call. Canaccord Genuity restated a hold rating and set a $15.00 target price on shares of Twitter in a report on Friday, October 20th. Goldman Sachs Group, Inc. MKM Partners restated a neutral rating and set a $18.00 price objective (up previously from $16.00) on shares of Twitter in a report on Thursday, August 10th. Fifteen investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Robert W. Baird has "Hold" rating and $17.0 target.

Shares of Twitter (NYSE TWTR) traded up 6.15% during trading on Friday, hitting $21.56. The 20-day Stochastic %k measure, which sits at 45.13%, tells a similar story, and suggests that TWTR now trades in neutral territory. Looking at the stock's movement on the chart, Twitter, Inc. recorded a 52-week high of $20.88. The company has market cap of $15.52 billion. The stock is trading $17.42 its 50-day moving average by -2.89%. (NYSE:TWTR) by some 44,248,070 shares, 212 decreased positions by 25,111,651 and 75 held positions by 298,824,662.

Twitter, Inc. (NYSE:TWTR) gross margin percentage stands at 60.7% while its operating margin for the past trailing twelve month is -12.2 percent and its overall profit margin (ttm) is -18.2 Percent. The firm had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. The company's revenue was down 4.2% compared to the same quarter previous year. Equities analysts anticipate that Twitter will post $0.33 EPS for the current fiscal year.

Commerzbank Aktiengesellschaft FI raised its stake in shares of Twitter Inc. If you are reading this report on another website, it was copied illegally and reposted in violation of U.S. & worldwide trademark & copyright laws. The legal version of this story can be viewed at https://stocknewstimes.com/2017/10/26/twitter-inc-twtr-announces-earnings-results-beats-estimates-by-0-03-eps.html. The stock was sold at an average price of $18.19, for a total transaction of $272,850.00. Twitter, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that General Counsel Gadde Vijaya has sold 15,000 shares of Twitter, Inc.

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Director, Williams Evan Clark, sold 319,385 common shares of Twitter, Inc. The disclosure for this sale can be found here. Insiders have sold a total of 1,759,445 shares of company stock valued at $30,631,777 over the last 90 days.

A number of hedge funds have recently bought and sold shares of the business. Following the completion of the transaction, the director now owns 2,710,576 shares of the company's stock, valued at $43,802,908.16. Northern Trust Corp now owns 8,350,037 shares of the social networking company's stock valued at $149,215,000 after acquiring an additional 3,667,233 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Twitter by 5.3% in the third quarter. TWTR has diverse figures for different time frames; starting from week's performance it has positive performance of 13.53% in last five regular trading sessions. ClearBridge Advisors, LLC is the second biggest holder with 37 million shares now valued at 660.70 million whilst Morgan Stanley Investment Management Inc has 25 million shares valued at 454.85 million. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company's stock valued at $99,233,000 after acquiring an additional 822,455 shares during the last quarter. Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 14%.

PNC Financial Services Group Inc. increased its stake in shares of Twitter by 6.1% in the 1st quarter.

Twitter is a public, real-time, global platform where any user can create a Tweet and any user can follow other users.

Twitter, Inc. (TWTR) Announces Earnings Results, Beats Estimates By $0.03 EPS