Twitter Inc Engagement Surveys Indicate Flat MAU Growth: Canaccord Genuity

Northwestern Mutual Investment Management Company LLC raised its stake in shares of Twitter by 0.3% in the fourth quarter. Can now owns 201,911 shares of the social networking company's stock worth $4,672,000 after buying an additional 5,699 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Twitter by 115.3% in the fourth quarter. Botty Investors LLC raised its stake in shares of Twitter by 2.3% in the first quarter. NEXT Financial Group Inc now owns 11,704 shares of the social networking company's stock valued at $197,000 after buying an additional 2,195 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of Twitter during the fourth quarter worth about $4,209,000.

Twitter (NYSE:TWTR) opened at 18.08 on Monday. The stock has an average rating of "Hold" and a consensus target price of $20.67. The company's market cap is $12.59 billion. Twitter has a one year low of $13.73 and a one year high of $38.82. Gradient Investments LLC now owns 18,694 shares of the social networking company's stock valued at $309,000 after buying an additional 3,044 shares during the last quarter. The consensus projection calls for $607.1 million in quarterly revenue, which represents a 20.8% year-over-year (YoY) jump. Meanwhile, continued rapid turnover atop the core product team (over the last four years, Twitter has had five different VPs of Product) makes us think that Q2/Q3 still will be rough from a product. Graham also expressed reservation regarding Twitter's guidance for the third quarter of the current fiscal year. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Robert Kaiden sold 11,754 shares of Twitter stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $15.33, for a total value of $310,141.23. The disclosure for this sale can be found here.

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Twitter has been working on developing its services and technology, most recently upping its video play time to 140 seconds from half a minute and acquiring visual processing startup Magic Pony Technology. Wedbush reissued a "hold" rating and issued a $20.00 target price on shares of Twitter in a research report on Wednesday, April 20th. Finally, SunTrust Banks Inc. restated a "buy" rating and set a $18.00 price target on shares of Twitter in a research note on Tuesday, May 31st. JPMorgan Chase & Co. lowered Twitter from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $26.00 to $18.00 in a research note on Wednesday, April 27th.

Shares rose fractionally early Monday to just above 97. He noted that user growth and engagement are still challenged even though the company has been releasing new products and services for the goal of attracting new users. The Company's service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine.

  • Michael Mitchell