In a report released today, Daniel Salmon from BMO Capital reiterated a Hold rating on Twitter (NYSE: TWTR), with a price target of $17. The company’s shares opened today at $18.68.
According to TipRanks.com, Salmon is a 5-star analyst with an average return of 11.5% and a 73.6% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Alliance Data Systems, and Publicis Groupe SA.
Currently, the analyst consensus on Twitter is Hold and the average price target is $14.73, representing a -21.1% downside.
In a report issued on May 11, Wells Fargo also reiterated a Hold rating on the stock with a $14.50 price target.
Based on Twitter’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $548 million and GAAP net loss of $61.56 million. In comparison, last year the company earned revenue of $595 million and had a GAAP net loss of $79.73 million.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TWTR in relation to earlier this year. Last month, Jack Dorsey, the Interim CEO of TWTR bought 574,002 shares for a total of $9,539,913.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions, and news. The company’s services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet. The company can also be used as a marketing tool for businesses. Twitter was founded by Jack Dorsey, Christopher Isaac Stone, Noah E. Glass, Jeremy LaTrasse, and Evan Williams on March 21, 2006 and is headquartered in San Francisco, CA.