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Twitter (TWTR) Gets a Hold Rating from Rosenblatt Securities

In a report released today, Barton Crockett from Rosenblatt Securities initiated coverage with a Hold rating on Twitter (TWTRResearch Report) and a price target of $48.00. The company’s shares closed last Tuesday at $46.16.

According to TipRanks.com, Crockett is ranked #1543 out of 7928 analysts.

Currently, the analyst consensus on Twitter is a Hold with an average price target of $45.67, representing a -3.4% downside. In a report issued on April 5, MKM Partners also downgraded the stock to Hold with a $49.00 price target.

See the top stocks recommended by analysts >>

Based on Twitter’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.57 billion and net profit of $182 million. In comparison, last year the company earned revenue of $1.29 billion and had a net profit of $222 million.

Based on the recent corporate insider activity of 92 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. Earlier this month, Elon Musk, an Insider at TWTR bought 73,486,938 shares for a total of $2,900,000,000.

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 social networking company that connects a user to a network of people, ideas, news, opinions and information. Users of the company’s platform post and interact in real time, with messages known as tweets.

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