Rosenblatt Securities Lowers Twitter (NYSE:TWTR) Price Target to $39.00

Twitter (NYSE:TWTR) had its target price decreased by equities research analysts at Rosenblatt Securities from $40.00 to $39.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “neutral” rating on the social networking company’s stock. Rosenblatt Securities’ price target suggests a potential downside of 17.41% from the stock’s previous close.

TWTR has been the subject of several other research reports. Barclays boosted their price objective on Twitter from $30.00 to $36.00 and gave the company an “underweight” rating in a report on Friday, October 30th. Canaccord Genuity decreased their price objective on Twitter from $52.00 to $47.00 and set a “hold” rating for the company in a report on Monday, November 2nd. Robert W. Baird boosted their price objective on Twitter from $39.00 to $58.00 in a report on Friday, January 8th. ValuEngine downgraded Twitter from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. Finally, Jefferies Financial Group upped their price target on Twitter from $39.00 to $46.00 and gave the stock a “hold” rating in a report on Tuesday, October 20th. Four research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.51.

Shares of TWTR opened at $47.22 on Tuesday. Twitter has a 52-week low of $20.00 and a 52-week high of $56.11. The company has a debt-to-equity ratio of 0.45, a quick ratio of 10.10 and a current ratio of 10.10. The business’s 50 day moving average price is $51.29 and its two-hundred day moving average price is $43.33. The firm has a market cap of $37.56 billion, a PE ratio of -34.47 and a beta of 0.81.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 29th. The social networking company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.26. The firm had revenue of $936.23 million during the quarter, compared to the consensus estimate of $773.16 million. Twitter had a negative return on equity of 12.17% and a negative net margin of 32.54%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. Research analysts predict that Twitter will post -1.57 EPS for the current fiscal year.

In related news, Director Omid Kordestani sold 82,209 shares of the firm’s stock in a transaction on Monday, November 23rd. The stock was sold at an average price of $44.89, for a total value of $3,690,362.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert Kaiden sold 11,969 shares of Twitter stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $40.67, for a total transaction of $486,779.23. The disclosure for this sale can be found here. Insiders sold a total of 318,168 shares of company stock worth $14,285,823 over the last three months. 2.64% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of TWTR. SRS Investment Management LLC raised its holdings in shares of Twitter by 137.4% in the third quarter. SRS Investment Management LLC now owns 7,809,915 shares of the social networking company’s stock valued at $347,541,000 after buying an additional 4,519,930 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Twitter by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,730,106 shares of the social networking company’s stock worth $165,990,000 after acquiring an additional 109,404 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Twitter by 105.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 2,144,943 shares of the social networking company’s stock valued at $52,058,000 after buying an additional 1,102,456 shares during the last quarter. Ninety One UK Ltd grew its position in shares of Twitter by 173.8% in the 3rd quarter. Ninety One UK Ltd now owns 1,918,738 shares of the social networking company’s stock valued at $85,384,000 after acquiring an additional 1,218,064 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Twitter by 2.6% during the third quarter. California Public Employees Retirement System now owns 1,610,476 shares of the social networking company’s stock worth $71,666,000 after purchasing an additional 40,900 shares during the period. 71.92% of the stock is currently owned by hedge funds and other institutional investors.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time United States and internationally. 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.

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