Twitter Receives a Sell from RBC Capital

By Carrie Williams

In a report issued on July 27, Mark Mahaney from RBC Capital reiterated a Sell rating on Twitter (NYSE: TWTR), with a price target of $14. The company’s shares closed yesterday at $16.75.

According to TipRanks.com, Mahaney is a top 25 analyst with an average return of 22.7% and a 71.6% success rate. Mahaney covers the Technology sector, focusing on stocks such as Global Payments Inc, IAC/InterActiveCorp, and Angie’s List Inc.

Currently, the analyst consensus on Twitter is Hold and the average price target is $16.18, representing a -3.4% downside.

In a report issued on July 27, Aegis Capital also maintained a Sell rating on the stock with a $13 price target.

The company has a one year high of $25.25 and a one year low of $14.12. Currently, Twitter has an average volume of 19.51M.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2017, 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.