Aegis upgraded shares of Twitter (NYSE:TWTR) from a sell rating to a buy rating in a research report sent to investors on Tuesday, January 16th, Marketbeat reports. Aegis currently has $30.00 target price on the social networking company’s stock.
A number of other research analysts have also recently issued reports on the company. Vetr cut Twitter from a strong-buy rating to a buy rating and set a $27.54 price objective for the company. in a report on Monday, January 15th. Zacks Investment Research upgraded Twitter from a hold rating to a buy rating and set a $28.00 target price for the company in a research note on Friday, January 12th. BTIG Research raised their target price on Twitter from $25.00 to $30.00 and gave the company a buy rating in a research note on Friday, January 12th. Pivotal Research restated a hold rating and issued a $21.00 target price on shares of Twitter in a research note on Wednesday, January 10th. Finally, Jefferies Group restated a hold rating and issued a $22.00 target price on shares of Twitter in a research note on Monday, January 8th. Eight research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $22.60.
Shares of Twitter (NYSE:TWTR) traded up $1.33 during mid-day trading on Tuesday, reaching $31.51. The company had a trading volume of 67,006,066 shares, compared to its average volume of 32,330,000. The company has a market capitalization of $23,410.00, a PE ratio of -210.07, a P/E/G ratio of 13.74 and a beta of 1.14. Twitter has a 52-week low of $14.12 and a 52-week high of $35.00. 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 issued its earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. The firm had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. Twitter’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. research analysts anticipate that Twitter will post 0.11 EPS for the current fiscal year.
In other news, Director Evan Clark Williams sold 1,982,985 shares of Twitter stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $21.12, for a total transaction of $41,880,643.20. Following the transaction, the director now owns 2,401,747 shares in the company, valued at approximately $50,724,896.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Kaiden sold 6,018 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $26.17, for a total value of $157,491.06. The disclosure for this sale can be found here. Insiders have sold a total of 3,225,011 shares of company stock valued at $69,509,411 over the last 90 days. Corporate insiders own 10.79% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Twitter by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock valued at $872,704,000 after acquiring an additional 2,838,459 shares in the last quarter. Northern Trust Corp lifted its stake in Twitter by 78.3% in the 2nd quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock valued at $149,215,000 after acquiring an additional 3,667,233 shares in the last quarter. First Trust Advisors LP lifted its stake in Twitter by 5.3% in the 3rd quarter. First Trust Advisors LP now owns 7,633,764 shares of the social networking company’s stock valued at $128,782,000 after acquiring an additional 385,181 shares in the last quarter. Amerigo Asset Management lifted its stake in Twitter by 46.2% in the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after acquiring an additional 2,172,000 shares in the last quarter. Finally, Contrarius Investment Management Ltd lifted its stake in Twitter by 1.3% in the 3rd quarter. Contrarius Investment Management Ltd now owns 5,624,420 shares of the social networking company’s stock valued at $94,884,000 after acquiring an additional 71,372 shares in the last quarter. Hedge funds and other institutional investors own 50.12% of the company’s stock.
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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.
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