News headlines about Twitter (NYSE:TWTR) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Twitter earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the social networking company an impact score of 42.1320086075799 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s analysis:
Twitter (NYSE TWTR) traded down $0.31 during trading hours on Monday, hitting $20.40. The stock had a trading volume of 11,627,352 shares, compared to its average volume of 17,483,209. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a 52 week low of $14.12 and a 52 week high of $22.48.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $590.00 million for the quarter, compared to analysts’ expectations of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. sell-side analysts anticipate that Twitter will post 0.02 earnings per share for the current year.
Several equities analysts recently weighed in on TWTR shares. Wells Fargo & Company raised their target price on shares of Twitter from $16.00 to $19.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Tuesday, October 31st. Stifel Nicolaus raised shares of Twitter from a “sell” rating to a “hold” rating and raised their target price for the company from $12.00 to $17.00 in a research note on Thursday, October 26th. SunTrust Banks reissued a “hold” rating and issued a $18.00 target price (up from $16.00) on shares of Twitter in a research note on Friday, October 27th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Twelve investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.85.
In related news, Director Evan Clark Williams sold 319,385 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $16.92, for a total value of $5,403,994.20. Following the sale, the director now directly owns 2,636,518 shares in the company, valued at $44,609,884.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Kaiden sold 3,695 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $16.78, for a total value of $62,002.10. The disclosure for this sale can be found here. Insiders sold 6,014,025 shares of company stock worth $121,720,789 over the last quarter. 9.18% of the stock is currently owned by company insiders.
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Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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