Shares of Twitter Inc (NYSE:TWTR) have received an average recommendation of “Hold” from the forty-four ratings firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a sell recommendation, twenty-four have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $36.36.
TWTR has been the topic of several analyst reports. Sanford C. Bernstein initiated coverage on Twitter in a research note on Thursday, January 9th. They issued an “underperform” rating and a $27.00 price objective on the stock. Morgan Stanley reiterated a “hold” rating and issued a $32.00 price objective on shares of Twitter in a research note on Friday, October 25th. Aegis cut Twitter from a “buy” rating to a “hold” rating and reduced their price objective for the company from $48.00 to $33.00 in a research note on Thursday, October 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $38.00 price objective (down from $44.00) on shares of Twitter in a research note on Friday, October 25th. Finally, Oppenheimer reduced their price objective on Twitter from $46.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, October 25th.
In related news, VP Matthew Derella sold 18,043 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $29.94, for a total transaction of $540,207.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Robert Kaiden sold 9,685 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $29.72, for a total value of $287,838.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,993 shares of company stock worth $2,211,668. Corporate insiders own 2.65% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lenox Wealth Management Inc. grew its holdings in shares of Twitter by 447.2% during the third quarter. Lenox Wealth Management Inc. now owns 695 shares of the social networking company’s stock worth $28,000 after buying an additional 568 shares during the last quarter. Resources Investment Advisors LLC. purchased a new position in shares of Twitter during the second quarter worth about $30,000. Ellevest Inc. grew its holdings in shares of Twitter by 4,150.0% during the second quarter. Ellevest Inc. now owns 850 shares of the social networking company’s stock worth $30,000 after buying an additional 830 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Twitter by 74,500.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 746 shares of the social networking company’s stock worth $31,000 after buying an additional 745 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Twitter by 77.9% during the third quarter. Whittier Trust Co. now owns 747 shares of the social networking company’s stock worth $31,000 after buying an additional 327 shares during the last quarter. 71.66% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:TWTR traded up $0.13 during trading hours on Tuesday, reaching $32.82. 9,812,838 shares of the stock were exchanged, compared to its average volume of 12,127,533. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $31.51 and a two-hundred day moving average of $36.47. Twitter has a twelve month low of $28.63 and a twelve month high of $45.85. The company has a market capitalization of $25.67 billion, a price-to-earnings ratio of 59.67, a PEG ratio of 2.64 and a beta of 0.57.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, October 24th. The social networking company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $875.21 million. Twitter had a return on equity of 6.07% and a net margin of 47.67%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. On average, research analysts forecast that Twitter will post 1.98 EPS for the current fiscal year.
Twitter Company Profile
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform 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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