Barclays Initiates Coverage On Twitter Inc to Underweight with Price Target $14

Barclays Initiates Coverage On Twitter Inc(TWTR). In a research note issued to the investors, the brokerage major Announces the price-target to $14 per share. The shares have been rated Underweight. The rating by the stock financial advisor at Barclays was issued on Mar 28, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 10, 2017, Atlantic Equities said it Downgrades its rating on Twitter Inc. According to the research note, Atlantic Equities Lowers the price target to $13 per share from a prior target of $16. The shares have been rated ‘Underweight’ by the firm. On Feb 10, 2017, UBS said it Downgrades its rating on Twitter Inc. The shares have been rated ‘Sell’ by the firm. On Feb 10, 2017, Loop Capital said it Downgrades its rating on Twitter Inc. According to the research note, Loop Capital Lowers the price target to $10 per share from a prior target of $16. The shares have been rated ‘Sell’ by the firm. On Feb 10, 2017, Citigroup said it Downgrades its rating on Twitter Inc. The shares have been rated ‘Sell’ by the firm. On Feb 10, 2017, Deutsche Bank said it Downgrades its rating on Twitter Inc. The shares have been rated ‘Hold’ by the firm. On Feb 10, 2017, Cowen & Co. said it Downgrades its rating on Twitter Inc. The shares have been rated ‘Underperform’ by the firm.

Twitter Inc (TWTR) made into the market gainers list on Fridays trading session with the shares advancing 1.41% or 0.21 points. Due to strong positive momentum, the stock ended at $15.14, which is also near the day’s high of $15.37. The stock began the session at $15.06 and the volume stood at 1,55,49,218 shares. The 52-week high of the shares is $25.25 and the 52 week low is $13.725. The company has a current market capitalization of $11,005 M and it has 72,68,94,200 shares in outstanding.

Twitter Inc(TWTR) last announced its earnings results on Oct 27, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $615.93M. Analysts had an estimated revenue of $606.29M. Earnings per share were $0.13. The reported EPS was above estimates by $0.04 or 44.44%. Analysts had estimated an EPS of $0.09.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2017, Robert Kaiden (Chief Accounting Officer) sold 4,631 shares at $15.60 per share price.Also, On Feb 17, 2017, David S Rosenblatt (director) sold 50,000 shares at $16.68 per share price.On Nov 4, 2016, Adam Bain (Chief Operating Officer) sold 23,117 shares at $36.39 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.

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