Twitter Inc. (NYSE: TWTR) did not get the memo from the NYSE that Thursday was a strong day for the stock market. The stock has been crushed after its first official earnings report as a public company. Despite a non-GAAP positive gain in earnings, Twitter’s growth metrics simply are not keeping up with the high demand expectations.

24/7 Wall St. is offering a new analyst call montage now that Twitter’s earnings have been seen by so many analysts. This will likely omit many fresh calls because there have been so many. The long and short of the matter is that analysts who were bullish are becoming less bullish.

Keep in mind that most analysts are Chartered Financial Analysts. Passing the test to become a CFA may not give anyone insight into common sense outside of the financial realm, but it is hard to convince many people with that classification that paying 50 times revenues for a company that is already up and running is a realistic valuation at all.

We have seen the following analyst calls on Thursday:

• Downgraded to Underweight from Neutral at Atlantic Equities
• Downgraded to Underperform from Neutral by Sterne Agee
• Downgraded to Hold from Buy at Stifel Nicolaus
• Downgraded to Sell from Neutral at UBS
• Reiterated as Underperform at Cowen and Co.
• Reiterated as Sell at Wunderlich
• Maintained as Buy at RBC Capital Markets

Twitter shares were down by 21% to $52.10, on more than 42 million shares, as of 11:50 a.m. EST.

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