Twitter Inc (TWTR) was Downgraded by JP Morgan to ” Neutral” while Lowering the Price Target of the company shares to $ 18 from a previous price target of $26 . Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Apr 27, 2016.
Many Wall Street Analysts have commented on Twitter Inc. Shares were Reiterated by Pivotal Research Group on Apr 27, 2016 to “Buy” and Lowered the Price Target to $ 27 from a previous price target of $39 .Shares were Reiterated by Morgan Stanley on Apr 7, 2016 to “Underweight” and Lowered the Price Target to $ 16 from a previous price target of $18 .Raymond James Upgraded Twitter Inc on Feb 23, 2016 to ” Outperform”, Price Target of the shares are set at $25.
On the company’s financial health, Twitter Inc reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.10. The company had revenue of $595.00 million for the quarter, compared to analysts expectations of $607.55 million. The company’s revenue was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Twitter Inc closed down -0.28 points or -1.60% at $17.23 with 1,48,78,005 shares getting traded on Friday. Post opening the session at $17.33, the shares hit an intraday low of $17.02 and an intraday high of $17.51 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Apr 22, 2016, Adam Messinger (Chief Technology Officer) sold 18,842 shares at $17.33 per share price. According to the SEC, on Feb 18, 2016, Omid Kordestani (Executive Chairman) purchased 122,250 shares at $16.34 per share price. On Feb 18, 2016, Anthony Noto (CFO) purchased 15,500 shares at $16.08 per share price, according to the Form-4 filing with the securities and exchange commission.
Twitter Inc. (Twitter) is a global platform for public self-expression and conversation in real time. The Company offers products and services for users advertisers developers and platform and data partners. Products and services for users enables a way for people to create distribute and discover content which enables a user on Twitter to create a tweet and a user to follow other users. Products and services for advertisers consist of promoted products which enable its advertisers to promote their brands products and services and extend the conversation around their advertising message. Products for platform partners and developers provide a set of tools public application program interface (APIs) and embeddable widgets that developers use to contribute their content to its platform syndicate and distribute its content across their properties. Products for data partners offer subscription access to its public data feed.