Twitter, Inc. (TWTR) Upgraded by Vetr Inc. to “Strong-Buy”

Vetr upgraded shares of Twitter, Inc. (NYSE:TWTR) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday. Vetr currently has $19.82 price target on the social networking company’s stock.

TWTR has been the subject of several other research reports. Morgan Stanley reiterated an underweight rating and set a $10.00 price objective on shares of Twitter in a report on Monday, October 2nd. BidaskClub lowered Twitter from a hold rating to a sell rating in a report on Friday, June 16th. Robert W. Baird reiterated a hold rating and set a $17.00 price objective on shares of Twitter in a report on Friday, September 1st. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $20.00 target price on shares of Twitter in a research report on Sunday, July 30th. Finally, JMP Securities reissued a market perform rating on shares of Twitter in a research report on Thursday, July 13th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Twitter has a consensus rating of Hold and a consensus target price of $15.44.

Twitter (NYSE:TWTR) opened at 17.41 on Tuesday. Twitter has a 1-year low of $14.12 and a 1-year high of $20.88. The stock has a 50 day moving average price of $17.31 and a 200-day moving average price of $17.19. The stock’s market cap is $12.76 billion.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm had revenue of $574.00 million during the quarter, compared to analyst estimates of $536.63 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts expect that Twitter will post $0.33 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Twitter, Inc. (TWTR) Upgraded by Vetr Inc. to “Strong-Buy”” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/11/twitter-inc-twtr-upgraded-by-vetr-inc-to-strong-buy.html.

In other Twitter news, insider Robert Kaiden sold 7,775 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $16.28, for a total value of $126,577.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 853,700 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the completion of the transaction, the director now directly owns 2,735,038 shares in the company, valued at $53,005,036.44. The disclosure for this sale can be found here. Insiders sold a total of 2,231,100 shares of company stock worth $40,370,286 over the last three months. Corporate insiders own 9.18% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vivaldi Asset Management LLC purchased a new position in Twitter in the 2nd quarter worth approximately $7,521,000. Allen Investment Management LLC purchased a new position in Twitter in the 2nd quarter worth approximately $7,169,000. State of Alaska Department of Revenue lifted its stake in Twitter by 77.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock worth $519,000 after purchasing an additional 12,690 shares in the last quarter. Contrarius Investment Management Ltd lifted its stake in Twitter by 17.4% in the 2nd quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock worth $99,233,000 after purchasing an additional 822,455 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new position in Twitter in the 2nd quarter worth approximately $315,000. 49.14% of the sto

TWTR has been the subject of several other research reports. Morgan Stanley reiterated an underweight rating and set a $10.00 price objective on shares of Twitter in a report on Monday, October 2nd. BidaskClub lowered Twitter from a hold rating to a sell rating in a report on Friday, June 16th. Robert W. Baird reiterated a hold rating and set a $17.00 price objective on shares of Twitter in a report on Friday, September 1st. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $20.00 target price on shares of Twitter in a research report on Sunday, July 30th. Finally, JMP Securities reissued a market perform rating on shares of Twitter in a research report on Thursday, July 13th. Sixteen equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Twitter has a consensus rating of Hold and a consensus target price of $15.44.

Twitter (NYSE:TWTR) opened at 17.41 on Tuesday. Twitter has a 1-year low of $14.12 and a 1-year high of $20.88. The stock has a 50 day moving average price of $17.31 and a 200-day moving average price of $17.19. The stock’s market cap is $12.76 billion.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, July 27th. The social networking company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. The firm had revenue of $574.00 million during the quarter, compared to analyst estimates of $536.63 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts expect that Twitter will post $0.33 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Twitter, Inc. (TWTR) Upgraded by Vetr Inc. to “Strong-Buy”” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/11/twitter-inc-twtr-upgraded-by-vetr-inc-to-strong-buy.html.

In other Twitter news, insider Robert Kaiden sold 7,775 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $16.28, for a total value of $126,577.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 853,700 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $19.38, for a total transaction of $16,544,706.00. Following the completion of the transaction, the director now directly owns 2,735,038 shares in the company, valued at $53,005,036.44. The disclosure for this sale can be found here. Insiders sold a total of 2,231,100 shares of company stock worth $40,370,286 over the last three months. Corporate insiders own 9.18% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vivaldi Asset Management LLC purchased a new position in Twitter in the 2nd quarter worth approximately $7,521,000. Allen Investment Management LLC purchased a new position in Twitter in the 2nd quarter worth approximately $7,169,000. State of Alaska Department of Revenue lifted its stake in Twitter by 77.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 29,068 shares of the social networking company’s stock worth $519,000 after purchasing an additional 12,690 shares in the last quarter. Contrarius Investment Management Ltd lifted its stake in Twitter by 17.4% in the 2nd quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock worth $99,233,000 after purchasing an additional 822,455 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new position in Twitter in the 2nd quarter worth approximately $315,000. 49.14% of the stock is currently owned by institutional investors and hedge funds.

Twitter Company Profile

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

Analyst Recommendations for Twitter (NYSE:TWTR)

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