Twitter Inc (NYSE:TWTR) today, announced the official rollout of its full-screen video playback for its Twitter Kit developer tools. The new feature will provide users with a method of watching full-screen Twitter GIFs and videos without having to leave the app or open the Twitter application. For iOS users, this could make things a lot more simple, and much more user friendly, as Apple devices will now play back videos and GIFs using the native video player provided by iOS itself.
The feature is now available on iOS, with Android compatibility coming very soon. The stock is up 3.08% or $0.78 after the positive news, hitting $26.3 per share. About 9.35 million shares traded hands. TWTR has declined 50.36% since April 23, 2015 and is downtrending. It has underperformed by 49.23% the S&P500.
Out of 16 analysts covering Twitter Inc (NASDAQ:TWTR), 7 rate it “Buy”, 0 “Sell”, while 9 “Hold”. This means 44% are positive. $56 is the highest target while $30 is the lowest. The $37.40 average target is 42.21% above today’s ($26.3) stock price. Twitter Inc was the topic in 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. JMP Securities downgraded the stock on October 14 to “Market Perform” rating. Moffett Nathanson initiated it with “Neutral” rating and $30 target price in a September 8 report. Axiom Capital upgraded the shares of TWTR in a report on October 5 to “Buy” rating. Suntrust Robinson upgraded the firm’s rating on August 31. Suntrust Robinson has “Buy” rating and $38 price target. Finally, Citigroup maintained the stock with “Neutral” rating in a September 24 report.
The institutional sentiment decreased to 1.26 in Q2 2015. Its down 0.40, from 1.66 in 2015Q1. The ratio dropped, as 115 funds sold all Twitter Inc shares owned while 123 reduced positions. 91 funds bought stakes while 210 increased positions. They now own 300.24 million shares or 25.33% less from 402.08 million shares in 2015Q1.
Institutional Venture Management Xii Llc holds 100% of its portfolio in Twitter Inc for 418,115 shares. Rizvi Traverse Management Llc owns 2.80 million shares or 100% of their US portfolio. Moreover, Ah Equity Partners Iii L.L.C. has 80% invested in the company for 1,202 shares. The California-based Kpcb Dgf Associates Llc has invested 28.92% in the stock. Contrarius Investment Management Ltd, a Jersey-based fund reported 2.97 million shares.
Twitter, Inc. is a global platform for public self-expression and conversation in real time. The company has a market cap of $17.48 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.