How Credit Agricole Currently Rates Twitter (NYSE:TWTR)
In an interesting research report sent to investors on Friday, 11 December, Credit Agricole analyst just initiated coverage of Twitter (NYSE:TWTR) with Underperform rating.
From a total of 35 analysts covering Twitter (NYSE:TWTR) stock, 18 rate it a ”Buy”, 2 a “Sell”, and 23 a ”Hold”. This means that 42% of the ratings are positive. The highest target price is $48 while the lowest target price is $18. The mean of all analyst targets is $34.03 with a 34.92% above today’s ($25.49) stock price. Twitter was the topic of 44 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. M Partners maintained shares on November 16 with “Neutral” rating. Morgan Stanley maintained shares with “Underweight” rating and $22 target share price in a report from an October 28. SunTrust maintained TWTR stock in a recent report from October 28 with “Buy” rating. Stifel Nicolaus upgraded the rating on October 28. Stifel Nicolaus has a “Buy” rating and a $34 price target on shares. Finally, Barclays Capital maintained the stock with “Equal-Weight” rating in a report issued on an October 28.
Approximately 5.85M shares of stock traded hands. Twitter Inc (NYSE:TWTR) has declined 31.07% since May 8, 2015 and is downtrending. It has underperformed by 28.05% the S&P500.
The overall sentiment of institutions has decreased to 1.07 in Q2 2015. Its down 0.19, from 1.26 in 2015Q2. The ratio fall, as 102 institutions have sold all the shares of Twitter Inc that they owned while 129 funds have taken shares off the table. 56 funds have purchased shares for the first time while 191 added to their positions. These institutions now hold 269.03 million shares or 10.40% less than the 300.24 million shares they owned in 2015Q2.
The Fund Institutional Venture Management Xii Llc currently is holding shares equating to 100% of its total portfolio in Twitter Inc representing a total of 418,115 shares. Another fund,Rizvi Traverse Management Llc, is holding a total of 2.80 million shares equating to 100% of their holdings. Additionally, Ah Equity Partners Iii L.L.C. has a 1,202 share stake in Twitter Inc which represents 69.57% of their total portfolio. The Fund, Kpcb Dgf Associates Llc, based out of California, has also built up a stake in the stock, which represents a total of 28.35% of their total portfolio. Finally Bain Capital Venture Investors Llc, a fund which is based in the state of Massachusetts reported a total holdings of 817,155 shares.
Twitter, Inc. is a global platform for public self-expression and conversation in real time. The company has a market cap of $17.56 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.
According to Zacks Investment Research, “Twitter is a public, real-time, global platform where any user can create a Tweet and any user can follow other users. The platform is unique in its simplicity: Tweets are limited to 140 characters of text. This constraint makes it easy for anyone to quickly create, distribute and discover content that is consistent across our platform and optimized for mobile devices. As a result, Tweets drive a high velocity of information exchange that makes Twitter uniquely live.” Get a free copy of the Zacks research report on Twitter Inc (TWTR).