Twitter (NYSE:TWTR) was upgraded by equities research analysts at Maxim Group from a “neutral” rating to a “buy” rating in a research note issued on Friday.
A number of other analysts also recently issued reports on the company. Aegis raised Twitter from a “sell” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, January 16th. Vetr downgraded Twitter from a “strong-buy” rating to a “buy” rating and set a $26.90 target price for the company. in a research report on Wednesday, January 3rd. Robert W. Baird raised their target price on Twitter from $20.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Canaccord Genuity raised their target price on Twitter from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, SunTrust Banks raised their target price on Twitter to $29.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Twitter currently has an average rating of “Hold” and a consensus target price of $24.04.
Shares of Twitter stock opened at $31.54 on Friday. The firm has a market cap of $23,683.53, a P/E ratio of 525.67, a price-to-earnings-growth ratio of 8.57 and a beta of 0.86. Twitter has a 12 month low of $14.41 and a 12 month high of $36.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 9.12 and a current ratio of 9.12.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $686.12 million. Twitter had a positive return on equity of 0.77% 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 company posted $0.11 earnings per share. research analysts anticipate that Twitter will post 0.17 EPS for the current year.
In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $23.28, for a total transaction of $349,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $22.33, for a total value of $409,688.51. Following the sale, the director now directly owns 2,254,971 shares of the company’s stock, valued at approximately $50,353,502.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,791,755 shares of company stock valued at $88,096,879. Corporate insiders own 10.79% of the company’s stock.
A number of hedge funds have recently modified their holdings of TWTR. Rehmann Capital Advisory Group bought a new stake in shares of Twitter in the 4th quarter valued at about $265,000. Xact Kapitalforvaltning AB lifted its stake in shares of Twitter by 17.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 109,097 shares of the social networking company’s stock valued at $2,619,000 after acquiring an additional 15,852 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Twitter by 20.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 161,239 shares of the social networking company’s stock valued at $3,872,000 after acquiring an additional 27,380 shares during the last quarter. CNB Bank bought a new stake in shares of Twitter in the 4th quarter valued at about $101,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Twitter by 12.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 222,954 shares of the social networking company’s stock valued at $5,353,000 after acquiring an additional 24,479 shares during the last quarter. 54.69% of the stock is owned by hedge funds and other institutional investors.
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Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
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