Jefferies Reiterates a Buy Rating on TwitterBy Carrie Williams
According to TipRanks.com, Fitzgerald is a top 100 analyst with an average return of 15.6% and a 71.1% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Endurance International, Activision Blizzard, and IAC/InterActiveCorp.
Twitter has an analyst consensus of Hold, with a price target consensus of $15.11.
Based on Twitter’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $717 million and GAAP net loss of $167 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. Most recently, in February 2017, Jack Dorsey, the Interim CEO of TWTR bought 425,998 shares for a total of $6,996,532.
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 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. It 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.