Deutsche Bank Trims Twitter Target Price to $50.00 (TWTR)
Microblogging messaging service Twitter Inc (NYSE:TWTR) reported its 2Q15 earnings on 28 July.
Twitter Inc (NYSE:TWTR) management also were cagey about the 3Q15 revenue guidance. The stock has a 50-day moving average of $35.24 and a 200-day moving average of $41.67. The revenues of the company were up by 61 percent and reached $502 million. However, the stock closed a tad higher at $31.24.
Ford Motor Company (NYSE:F) said its second-quarter earnings increased 44 percent from a year earlier to $1.9 billion, marking the best quarterly profit from its automotive business since 2000. The company also impressed on earnings per share, posting non-GAAP EPS of $3.15, well above the analyst estimate of $2.70, and up from $.36 earnings per share in the same quarter of past year.
Over the past year, shares of Eden Prairie, Minnesota-based company have traded between a low of $30.95 and a high of $130.83.
More than 450 employees – 12% of the company’s staff – have left Twitter in the past year, according to The Financial Times. Thirty eight equity specialist analysts are expecting Twitter Inc to have EPS of $0.33 this year. Additionally, Director Evan Clark Williams offered 372,000 shares of Twitter stock in a transaction that happened on Wednesday, July 22nd. These shares were sold in multiple transactions at prices ranging from $32.55 to $32.71 per share. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
In other news, VP Kevin Weil offered 5,202 shares of Twitter stock in a trade that occurred on Wednesday, July The stock was sold at the average price of $36.27, for a total worth of $188,676.54. The disclosure for this sale can be found here. BMO Capital Markets reissued a market perform rating and set a $34.00 price target (down from $42.00) on shares of Twitter in a report on Wednesday. Jefferies Group reaffirmed a buy rating and set a $56.00 price objective (down previously from $60.00) on shares of Twitter in a research report on Wednesday. Rosenblatt Securities restated a neutral rating on shares of Twitter in a research report on Tuesday. Argus have set a target price of 45 Dollars on its stock.
Reiterated buy rating, $50 price target. Twitter Inc are listed in the Technology sector within NYSE. Services for customers and merchandise empowers a way for people find and distribute to create content, which allows a person on Twitter to produce a tweet along with a user to follow other customers. Products and services for advertisers consist of promoted products, which enable its advertisers to promote their brands, products and services, and expand the dialog around their advertising message. Products for platform partners and programmers give some tools, public application program interface (APIs) and embeddable widgets that developers utilize to give their content to its platform, syndicate and distribute its content across their properties. Commodities for info associates provide subscription use of its advice feed which is public.