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.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Twitter from $35.00 to $54.20 and gave the company a "hold" rating in a research report on Tuesday, April 26th. Loop Capital lowered Twitter from a "buy" rating to a "hold" rating in a research report on Monday, April 25th. Wedbush boosted their price objective on Twitter from $30.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday. StockNews.com cut shares of Twitter from a "hold" rating to a "sell" rating in a report on Monday, July 25th. Finally, Truist Financial lowered their price target on shares of Twitter from $50.00 to $43.00 and set a "hold" rating for the company in a report on Tuesday, July 19th. Three research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $44.75.

Twitter Stock Performance

TWTR traded up $0.32 on Friday, hitting $44.26. 7,857,453 shares of the company traded hands, compared to its average volume of 13,183,691. Twitter has a 12-month low of $31.30 and a 12-month high of $68.41. The company has a 50 day moving average of $39.23 and a 200-day moving average of $39.81. 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 has a market capitalization of $33.87 billion, a PE ratio of -221.30 and a beta of 0.62.

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

Insiders Place Their Bets

In other news, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $38.00, for a total value of $190,000.00. Following the sale, the chief financial officer now owns 716,333 shares of the company's stock, valued at $27,220,654. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Twitter news, insider Kayvon Beykpour sold 14,878 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $41.09, for a total value of $611,337.02. Following the completion of the transaction, the insider now owns 396,341 shares in the company, valued at $16,285,651.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ned D. Segal sold 5,000 shares of the firm's stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $38.00, for a total value of $190,000.00. Following the completion of the sale, the chief financial officer now directly owns 716,333 shares of the company's stock, valued at approximately $27,220,654. The disclosure for this sale can be found here. In the last quarter, insiders sold 546,266 shares of company stock worth $20,448,640. 2.70% of the stock is owned by insiders.