Analyst Activity - Cowen and Company Reiterates Sell on Twitter (NYSE:TWTR)


Analyst Activity - Cowen and Company Reiterates Sell on Twitter (NYSE:TWTR)

The firm owned 385,036 shares of the social networking company's stock after buying an additional 50,000 shares during the period.

A number of other hedge funds and other institutional investors have also modified their holdings of TWTR.

Total cash per share on the most recent quarter is 5.44.

One development last quarter was the introduction of Twitter Lite, which Twitter launched in April to reach more global users. AQR Capital Management LLC raised its stake in Twitter by 400.0% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,240,924 shares of the social networking company's stock valued at $78,351,000 after buying an additional 1,070,477 shares in the last quarter. Vanguard Group Inc. now owns 45,997,766 shares of the social networking company's stock valued at $687,667,000 after buying an additional 1,819,941 shares during the last quarter. Finally, Atria Investments LLC boosted its position in Twitter by 2.6% in the first quarter.

Twitter, Inc. (NYSE:TWTR) is on recovery track with 19.26% gain from a 1-year low price of $14.12.

Twitter (TWTR) opened at 16.84 on Tuesday.

In the transaction dated Jun. 14, 2017, the great number of shares disposed came courtesy the Director; Williams Evan Clark disposed a total of 276,000 shares at an average price of $16.84, amounting to approximately $4,647,840. The firm's market capitalization is $12.20 billion. Twitter, Inc. Twitter also saw some unusual options trading activity on Wednesday. This is an increase of 371% compared to the average daily volume of 9,882 put options.

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Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, July 27th. Earnings, with 31 analysts believing the company would generate an Average Estimate of $0.05. The firm had revenue of $548 million during the quarter, compared to analysts' expectations of $513.04 million.

Facebook just grew its monthly users by 3.6 percent, slightly down from the prior quarter's 4.3 percent lift. During the same quarter a year ago, the firm posted $0.13 EPS.

Twitter's second-quarter net loss widened to $116.49 million or $0.16 per share from net loss of $107.22 million or $0.15 per share in the year-ago period.

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TWTR has been the subject of several other research reports. Accern also gave news articles about the social networking company an impact score of 62 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the near term. Barclays PLC reaffirmed an "underweight" rating and issued a $14.00 target price on shares of Twitter in a report on Monday, April 17th. (The) restated a "buy" rating and issued a $20.00 price target on shares of Twitter in a report on Friday, April 28th. Goldman Sachs Group, Inc. Sixteen analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have issued a buy rating to the stock. Twitter has an average rating of Hold and a consensus target price of $15.42.

In other news, insider Robert Kaiden sold 4,569 shares of the firm's stock in a transaction that occurred on Monday, May 1st. In a transaction dated Jun. 29, 2017, the shares were put up for sale at an average price of $17.82, raking in a sum of $8,063,550. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The stock was acquired at an average price of $16.62 per share, with a total value of $9,539,913.24. Pictet Asset Management Ltd. now owns 2,463,247 shares of the social networking company's stock valued at $36,826,000 after buying an additional 960,353 shares in the last quarter. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,764,042 shares of company stock valued at $51,116,529.

"We continue to invest in revenue products and services that leverage Twitter's unique value proposition and are delivering more value to advertisers than ever, with double-digit growth in daily active usage, improvements in ad relevance and better pricing", added Anthony Noto, Twitter's COO. The company's services include live commentary, live connections and live conversations.

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