Shares of Twitter Inc (NYSE:TWTR) are trading up this afternoon as investors look towards the end of the day for their fourth quarter earnings. The stock, which had hit an all time low yesterday as investors seem to have lost confidence in management, began the day today up slightly before shooting up to intraday highs at around 10:30 a.m. ET. Since then shares have bounced around quite a bit.
Analysts are expecting Twitter Inc (NYSE:TWTR) report approximately a $0.13 loss for the quarter. If the company can report numbers which are inline or better than the consensus, shares do have room to run. A report which is overly negative could certainly equate to new all time lows for the stock. At a market capital of under 10, Twitter Inc (NYSE:TWTR) is increasingly becoming an acquisition target. Whether or not an acquisition will take place is entirely up in the air, as management seems to want to continue working on growing revenue themselves.
The stock is up 4.90% or $0.7 following the news, hitting $15.1 per share. About 12.86M shares traded hands. TWTR has declined 59.46% since July 7, 2015 and is downtrending. It has underperformed the S&P500 by 50.59%.
From a total of 29 analysts covering Twitter (NYSE:TWTR) stock, 12 rate it a “Buy”, 2 a “Sell”, and 15 a “Hold”. This means that 41% of the ratings are positive. The highest target price is $56 while the lowest target price is $21.0. The mean of all analyst targets is $33.79 which is 123.77% above today’s ($15.1) stock price. Twitter was the topic of 47 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Mizuho initiated shares on January 13 with a “Neutral” rating. Morgan Stanley maintained shares with a”Underweight” rating and a $22 target share price in their report from an October 28. M Partners maintained TWTR stock in a recent report from November 16 with a “Neutral” rating. Barclays Capital maintained the rating on October 28. Barclays Capital has a “Equal-Weight” rating and a $33 price target on shares. Finally, RBC Capital Markets maintained the stock with a “Sector Perform” rating in a report they issued on an October 28.
The institutional sentiment decreased to 1.07 in Q2 2015. It’s down 0.19, from 1.26 in 2015Q2. The ratio fall, 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 $9.97 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.