Twitter (TWTR) Lifted to Buy at Aegis

Aegis upgraded shares of Twitter (NYSE:TWTR) from a sell rating to a buy rating in a research report report published on Tuesday, MarketBeat.com reports. The firm currently has $30.00 target price on the social networking company’s stock.

TWTR has been the subject of a number of other research reports. Goldman Sachs Group set a $26.00 price objective on Twitter and gave the stock a buy rating in a research report on Friday, October 27th. Vetr downgraded Twitter from a strong-buy rating to a buy rating and set a $19.82 price objective for the company. in a research report on Wednesday, October 4th. Susquehanna Bancshares raised their price objective on Twitter from $17.00 to $20.00 and gave the stock a neutral rating in a research report on Thursday, October 26th. Morgan Stanley reiterated an underweight rating and issued a $10.00 price objective on shares of Twitter in a research report on Monday, October 2nd. Finally, Wells Fargo & Co raised their price objective on Twitter from $16.00 to $19.00 and gave the stock a market perform rating in a research report on Friday, October 27th. Ten analysts have rated the stock with a sell rating, twenty have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Twitter presently has an average rating of Hold and an average price target of $19.73.

Shares of Twitter (NYSE:TWTR) opened at $23.66 on Tuesday. Twitter has a 52 week low of $14.12 and a 52 week high of $25.85. The firm has a market capitalization of $17,570.00, a P/E ratio of -46.39, a P/E/G ratio of 10.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The company had revenue of $590.00 million during the quarter, compared to the consensus estimate of $586.22 million. During the same quarter last year, the company earned $0.09 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. equities analysts forecast that Twitter will post 0.02 earnings per share for the current year.

In related news, General Counsel Vijaya Gadde sold 135,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.92, for a total transaction of $2,689,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Kaiden sold 5,926 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $19.51, for a total value of $115,616.26. The disclosure for this sale can be found here. Insiders have sold a total of 5,320,712 shares of company stock valued at $113,341,301 over the last ninety days. Insiders own 10.79% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Balentine LLC increased its stake in shares of Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after buying an additional 3,167 shares during the period. Toronto Dominion Bank increased its stake in shares of Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after buying an additional 1,333 shares during the period. Malaga Cove Capital LLC acquired a new stake in shares of Twitter in the 3rd quarter valued at $154,000. Rockland Trust Co. acquired a new stake in shares of Twitter in the 4th quarter valued at $219,000. Finally, Federated Investors Inc. PA acquired a new stake in shares of Twitter in the 2nd quarter valued at $174,000. 50.69% of the stock is owned by institutional investors.

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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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