Twitter Inc (NYSE:TWTR) today began rolling out a new “GIF” button, although those users who have access to the new feature remain sparse. This is one of probalby several new features that the company will be rolling out in order to try and make their social network even more attractive to users. With their stock taking quite a hit as of late, Jack Dorsey and team need to come up with ways to help grow the company.
The GIF button is one small step in that direction, allowing users to include trending GIFs (animated images) in their posts. Shares of Twitter stock are showing signs of life today with mildly significant gains. It is not known for sure if the GIF feature will ultimately be released for everyone or if this is just merely a test, but certainly we’d think both Twitter Inc (NYSE:TWTR) users and investors would welcome the addition.
The stock is up 1.93% or $0.32 following the news, hitting $16.88 per share. About 11.60M shares traded hands. TWTR has declined 54.28% since June 30, 2015 and is downtrending. It has underperformed the S&P500 by 46.98%.
From a total of 31 analysts covering Twitter (NYSE:TWTR) stock, 13 rate it a “Buy”, 3 a “Sell”, and 15 a “Hold”. This means that 42% of the ratings are positive. The highest target price is $56 while the lowest target price is $19. The mean of all analyst targets is $32.29 which is 91.29% above today’s ($16.88) stock price. Twitter was the topic of 55 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus downgraded shares on February 2 to a “Sell” rating. Mizuho initiated shares with a”Neutral” rating and a $21.0 target share price in their report from a January 13. Pivotal Research maintained TWTR stock in a recent report from January 25 with a “Buy” rating. Morgan Stanley maintained the rating on October 28. Morgan Stanley has a “Underweight” rating and a $22 price target on shares. Finally, Standpoint Research initiated the stock with a “Buy” rating in a report they issued on a January 20.
The institutional sentiment decreased to 1.07 in Q2 2015. It’s down 0.19, from 1.26 in 2015Q2. The ratio turned negative, as 102 funds sold all their Twitter Inc shares they owned while 129 reduced their positions. 56 funds bought stakes while 191 increased their total positions. Institutions now own 269.03 million shares which is 10.40% less than the previous share count of 300.24 million in 2015Q2.
Institutional Venture Management Xii Llc holds 100% of its total portfolio in Twitter Inc, equating to 418,115 shares. Rizvi Traverse Management Llc owns 2.80 million shares representing 100% of their total US portfolio. Moreover, Ah Equity Partners Iii L.L.C. has 69.57% of their total portfolio invested in the company, equating to 1,202 shares. The California-based Kpcb Dgf Associates Llc has a total of 28.35% of their portfolio invested in the stock. Bain Capital Venture Investors Llc, a Massachusetts-based fund reported 817,155 shares owned.
Twitter, Inc. is a global platform for public self-expression and conversation in real time. The company has a market cap of $11.42 billion. The Firm offers services and products for users, advertisers, developers and platform and data partners. It currently has negative earnings. 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.