In a report issued on October 20, Mark Zgutowicz from Rosenblatt Securities maintained a Hold rating on Twitter (TWTR), with a price target of $40.00. The company’s shares closed last Wednesday at $50.24.
According to TipRanks.com, Zgutowicz is a 5-star analyst with an average return of 46.1% and a 77.6% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Criteo SA, and Pinterest.
Twitter has an analyst consensus of Hold, with a price target consensus of $42.53, representing a -13.2% downside. In a report issued on October 8, Cowen & Co. also maintained a Hold rating on the stock with a $40.00 price target.
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The company has a one-year high of $48.65 and a one-year low of $20.00. Currently, Twitter has an average volume of 16.48M.
Based on the recent corporate insider activity of 108 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TWTR in relation to earlier this year.
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. It’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. 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.
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