Twitter (NYSE:TWTR)’s Is Reaching An Inflection Point; Loop Capital Downgrades It

Twitter (NYSE:TWTR) Downgrade

In a an analyst report shared with investors and clients on 29 September, Loop Capital lowered shares of Twitter (NYSE:TWTR) to a “Sell” rating from a “Hold” rating.

Out of 43 analysts covering Twitter (NYSE:TWTR), 9 rate it a “Buy”, 13 “Sell”, while 21 “Hold”. This means 21% are positive. $46 is the highest target while $13 is the lowest. The $20.90 average target is -8.97% below today’s ($22.96) stock price. Twitter has been the topic of 98 analyst reports since October 1, 2015 according to StockzIntelligence Inc. Loop Capital downgraded the stock on September 28 to “Sell” rating. RBC Capital Markets downgraded it to “Underperform” rating and $14 target price in a September 23 report. Pivotal Research maintained the shares of TWTR in a report on September 27 with “Buy” rating. Nomura maintained the firm’s rating on July 27. Nomura has “Neutral” rating and $13 price target. Lastly, Oppenheimer downgraded the stock to “Underperform” rating in a September 26 report.

The stock decreased 3.20% or $0.76 during the last trading session, hitting $22.96. About 2,693 shares traded hands. Twitter Inc (NYSE:TWTR) has risen 30.53% since February 25, 2016 and is uptrending. It has outperformed by 19.27% the S&P500.

Analysts await Twitter Inc (NYSE:TWTR) to report earnings on October, 25. They expect $-0.15 EPS, 0.00% or $0.00 from last year’s $-0.15 per share. After $-0.11 actual EPS reported by Twitter Inc for the previous quarter, Wall Street now forecasts 36.36% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.37 in Q2 2016. Its up 0.19, from 1.18 in 2016Q1. The ratio improved, as 56 funds sold all Twitter Inc shares owned while 115 reduced positions. 60 funds bought stakes while 175 increased positions. They now own 288.28 million shares or 2.13% less from 294.57 million shares in 2016Q1.

Institutional Venture Management Xii Llc holds 100% of its portfolio in Twitter Inc for 418,115 shares. Rizvi Traverse Management Llc owns 1.40 million shares or 71.4% of their US portfolio. Moreover, Bain Capital Venture Investors Llc has 8.93% invested in the company for 717,155 shares. The New York-based Kenmare Capital Partners L.L.C. has invested 6.44% in the stock. Contrarius Investment Management Ltd, a Jersey-based fund reported 4.15 million shares.

Twitter, Inc. offers products and services for users, advertisers, developers and platform and data partners. The company has a market cap of $16.49 billion. The Company’s service is live-live commentary, live connections, live conversations. It currently has negative earnings. The Company’s services and products for users include Twitter, and Periscope and Vine.

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.”

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