Vetr upgraded shares of Twitter (NYSE:TWTR) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning. The brokerage currently has $27.13 target price on the social networking company’s stock.
Several other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Twitter from a strong-buy rating to a hold rating in a research note on Wednesday, December 27th. Summit Redstone assumed coverage on shares of Twitter in a research report on Monday, December 18th. They set a buy rating and a $26.00 target price for the company. JPMorgan Chase & Co. raised shares of Twitter from a neutral rating to an overweight rating and increased their target price for the company from $20.00 to $27.00 in a research report on Monday, December 18th. Evercore ISI assumed coverage on shares of Twitter in a research report on Tuesday, December 5th. They set an in-line rating and a $21.00 target price for the company. They noted that the move was a valuation call. Finally, MKM Partners increased their target price on shares of Twitter from $18.00 to $21.50 and gave the company a neutral rating in a research report on Thursday, November 30th. Twelve equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have given a buy rating to the stock. Twitter currently has an average rating of Hold and an average target price of $18.44.
Twitter (TWTR) traded down $0.46 during mid-day trading on Tuesday, hitting $23.99. 17,652,500 shares of the stock were exchanged, compared to its average volume of 15,260,767. The company has a market capitalization of $17,770.00, a PE ratio of -47.04, a P/E/G ratio of 11.76 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter has a 52-week low of $14.12 and a 52-week high of $25.56.
Twitter (NYSE:TWTR) last posted its earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. sell-side analysts forecast that Twitter will post 0.02 EPS for the current fiscal year.
In related news, Director Evan Clark Williams sold 409,115 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $17.95, for a total value of $7,343,614.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Kaiden sold 1,186 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $24.44, for a total value of $28,985.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,726,480 shares of company stock valued at $120,514,319. Insiders own 10.79% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new position in shares of Twitter in the 3rd quarter worth $200,000. Public Employees Retirement System of Ohio lifted its stake in Twitter by 2.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 291,667 shares of the social networking company’s stock valued at $4,920,000 after acquiring an additional 7,640 shares in the last quarter. Cetera Advisors LLC bought a new position in Twitter during the 3rd quarter valued at $250,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Twitter by 2.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 171,279 shares of the social networking company’s stock valued at $2,890,000 after acquiring an additional 4,364 shares in the last quarter. Finally, Balentine LLC lifted its stake in Twitter by 86.6% during the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after acquiring an additional 3,167 shares in the last quarter. Institutional investors own 50.69% 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.
To view Vetr’s full report, visit Vetr’s official website.
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