KeyCorp Begins Coverage on Twitter (NYSE:TWTR)

KeyCorp assumed coverage on shares of Twitter (NYSE:TWTR) in a report issued on Monday, Benzinga reports. The brokerage issued a sector weight rating on the social networking company’s stock.

Other equities analysts have also issued research reports about the company. Oppenheimer began coverage on Twitter in a research note on Friday, July 17th. They set a buy rating and a $36.00 price target on the stock. SunTrust Banks upped their price target on Twitter from $32.00 to $40.00 and gave the company a hold rating in a research note on Friday, July 24th. Jefferies Financial Group increased their target price on Twitter from $35.00 to $39.00 and gave the company a hold rating in a research note on Friday, July 24th. BMO Capital Markets increased their target price on Twitter from $32.00 to $35.00 and gave the company a market perform rating in a research note on Friday, July 24th. Finally, MKM Partners increased their target price on Twitter from $34.00 to $36.00 and gave the company a neutral rating in a research note on Friday, July 24th. Four equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and ten have assigned a buy rating to the stock. Twitter currently has a consensus rating of Hold and an average price target of $34.41.

Shares of TWTR opened at $39.60 on Monday. The company has a quick ratio of 10.10, a current ratio of 10.10 and a debt-to-equity ratio of 0.45. Twitter has a 12-month low of $20.00 and a 12-month high of $44.09. The firm has a market capitalization of $31.32 billion, a PE ratio of -28.90 and a beta of 0.87. The stock’s fifty day simple moving average is $38.72 and its 200-day simple moving average is $32.73.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, July 23rd. The social networking company reported ($1.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($1.24). Twitter had a negative net margin of 32.54% and a negative return on equity of 12.17%. The firm had revenue of $683.40 million for the quarter, compared to analyst estimates of $708.05 million. During the same period last year, the company earned $1.58 EPS. The company’s revenue was down 18.8% compared to the same quarter last year. Analysts anticipate that Twitter will post -1.47 EPS for the current year.

In other Twitter news, CAO Robert Kaiden sold 11,813 shares of the firm’s stock in a transaction that occurred on Saturday, August 1st. The stock was sold at an average price of $36.27, for a total value of $428,457.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Derella sold 1,072 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $29.56, for a total value of $31,688.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,520 shares of company stock valued at $2,858,863. 2.64% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. M&R Capital Management Inc. lifted its position in shares of Twitter by 122.2% in the second quarter. M&R Capital Management Inc. now owns 1,000 shares of the social networking company’s stock valued at $29,000 after buying an additional 550 shares during the last quarter. Weaver Consulting Group lifted its position in shares of Twitter by 430.1% in the second quarter. Weaver Consulting Group now owns 986 shares of the social networking company’s stock valued at $29,000 after buying an additional 800 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Twitter by 254.3% in the first quarter. Meeder Asset Management Inc. now owns 1,396 shares of the social networking company’s stock valued at $34,000 after buying an additional 1,002 shares during the last quarter. Kistler Tiffany Companies LLC acquired a new stake in shares of Twitter in the second quarter valued at approximately $36,000. Finally, Westside Investment Management Inc. lifted its position in shares of Twitter by 149.2% in the second quarter. Westside Investment Management Inc. now owns 1,545 shares of the social networking company’s stock valued at $46,000 after buying an additional 925 shares during the last quarter. 71.92% of the stock is owned by institutional investors.

About Twitter

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