Raymond James Downgrades Twitter Inc to Market Perform

Brokerage firm Raymond James Downgrades its rating on Twitter Inc(NYSE:TWTR). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Raymond James was issued on Jul 22, 2016.

In a different note, On Jul 11, 2016, Monness Crespi Hardt said it Downgrades its rating on Twitter Inc. The shares have been rated ‘Neutral’ by the firm. On Jul 11, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Twitter Inc. The shares have been rated ‘Neutral’ by the firm. On May 24, 2016, MoffettNathanson said it Downgrades its rating on Twitter Inc. The shares have been rated ‘Sell’ by the firm. On May 24, 2016, Moffettnathanson said it Donwgrades its rating on Twitter Inc. The shares have been rated ‘Sell’ by the firm. On May 16, 2016, MKM Partners said it Maintains its rating on Twitter Inc. In the research note, the firm Lowers the price-target to $18.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 28, 2016, Argus Research said it Downgrades its rating on Twitter Inc. The shares have been rated ‘Hold’ by the firm.

Twitter Inc (TWTR) made into the market gainers list on Thursdays trading session with the shares advancing 3.42% or 0.54 points. Due to strong positive momentum, the stock ended at $16.31, which is also near the day’s high of $16.34. The stock began the session at $15.89 and the volume stood at 3,13,94,826 shares. The 52-week high of the shares is $36.67 and the 52 week low is $13.725. The company has a current market capitalization of $11,448 M and it has 70,18,97,430 shares in outstanding.

Twitter Inc(TWTR) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $594.52M. Analysts had an estimated revenue of $607.94M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.10.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Robert Kaiden (Chief Accounting Officer) sold 20,231 shares at $15.32 per share price.Also, On May 3, 2016, Adam Messinger (Chief Technology Officer) sold 100,382 shares at $14.31 per share price.On Feb 18, 2016, Omid Kordestani (Executive Chairman) purchased 122,250 shares at $16.34 per share price, according to the Form-4 filing with the securities and exchange commission.

Twitter Inc. (Twitter) is a global platform for public self-expression and conversation in real time. The Company offers products and services for users advertisers developers and platform and data partners. Products and services for users enables a way for people to create distribute and discover content which enables a user on Twitter to create a tweet and a user to follow other users. Products and services for advertisers consist of promoted products which enable its advertisers to promote their brands products and services and extend the conversation around their advertising message. Products for platform partners and developers provide a set of tools public application program interface (APIs) and embeddable widgets that developers use to contribute their content to its platform syndicate and distribute its content across their properties. Products for data partners offer subscription access to its public data feed.

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