Twitter - TWTR Stock Forecast, Price & News

Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets. Its promoted products consist of promoted ads and Twitter Amplify, Follower Ads, and Twitter takeover. In addition, the company offers monetization products for creators, including Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces. Further, it offers products for developers and data partners comprising Twitter Developer Platform, a platform that enables developers to build tools for people and businesses using its public application programming interface; and paid access to Twitter data for partners with commercial use cases. Twitter, Inc. was founded in 2006 and is based in San Francisco, California.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TWTR shares. Susquehanna Bancshares cut shares of Twitter to a "neutral" rating and decreased their price target for the stock from $50.00 to $45.00 in a research note on Friday. Citigroup raised their price target on shares of Twitter from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, July 25th. Susquehanna cut shares of Twitter from a "positive" rating to a "neutral" rating and decreased their target price for the company from $50.00 to $45.00 in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price target on Twitter from $35.00 to $54.20 and gave the company a "hold" rating in a report on Tuesday, April 26th. Finally, Truist Financial cut their price target on Twitter from $50.00 to $43.00 and set a "hold" rating for the company in a report on Tuesday, July 19th. Three equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $44.53.

Twitter Trading Down 0.2 %

TWTR traded down $0.07 during trading on Tuesday, hitting $42.87. The company's stock had a trading volume of 149,139 shares, compared to its average volume of 19,574,468. Twitter has a twelve month low of $31.30 and a twelve month high of $68.41. The company has a quick ratio of 7.15, a current ratio of 7.15 and a debt-to-equity ratio of 0.88. The stock's fifty day moving average price is $38.90 and its 200-day moving average price is $39.62. The firm has a market capitalization of $32.81 billion, a P/E ratio of -214.50 and a beta of 0.62.

Twitter (NYSE:TWTR - Get Rating) last issued its quarterly earnings results on Friday, July 22nd. The social networking company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.22). Twitter had a negative net margin of 2.14% and a negative return on equity of 0.82%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted $0.04 earnings per share. Twitter's quarterly revenue was down 1.2% compared to the same quarter last year. Analysts anticipate that Twitter will post 0.29 EPS for the current year.

Insider Buying and Selling at Twitter

In other news, major shareholder H R. H. Prince Alwaleed Bin Saud bought 490,000 shares of the stock in a transaction dated Friday, May 13th. The shares were bought at an average cost of $40.73 per share, with a total value of $19,957,700.00. Following the completion of the transaction, the insider now directly owns 30,590,078 shares of the company's stock, valued at $1,245,933,876.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Nick V. Caldwell sold 15,467 shares of the company's stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $38.02, for a total transaction of $588,055.34. Following the transaction, the insider now directly owns 396,130 shares of the company's stock, valued at $15,060,862.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder H R. H. Prince Alwaleed Bin Saud bought 490,000 shares of the stock in a transaction dated Friday, May 13th. The shares were purchased at an average cost of $40.73 per share, for a total transaction of $19,957,700.00. Following the completion of the transaction, the insider now directly owns 30,590,078 shares of the company's stock, valued at $1,245,933,876.94. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 541,266 shares of company stock valued at $20,234,640. 2.70% of the stock is currently owned by company insiders.