Twitter, Inc. (NYSE:TWTR) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday. The brokerage presently has a $25.65 price target on the social networking company’s stock. Vetr‘s target price would indicate a potential upside of 15.18% from the stock’s current price.
Several other analysts have also issued reports on TWTR. Aegis reiterated a “sell” rating and set a $13.00 price target on shares of Twitter in a research report on Thursday, July 27th. Wedbush reiterated a “hold” rating on shares of Twitter in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated an “underperform” rating and set a $14.00 price target (up previously from $13.00) on shares of Twitter in a research report on Thursday, July 27th. Cowen Inc reiterated an “underperform” rating and set a $14.00 price target (up previously from $12.00) on shares of Twitter in a research report on Friday, July 28th. Finally, BidaskClub lowered shares of Twitter from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Twelve investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.75.
Shares of Twitter (NYSE TWTR) opened at $22.27 on Thursday. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a 52-week low of $14.12 and a 52-week high of $22.40.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The business had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. research analysts forecast that Twitter will post 0.02 earnings per share for the current year.
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In other news, insider Robert Kaiden sold 3,805 shares of Twitter stock in a transaction on Friday, September 1st. The shares were sold at an average price of $16.81, for a total transaction of $63,962.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 565,000 shares of Twitter stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $20.08, for a total transaction of $11,345,200.00. Following the transaction, the director now owns 2,441,312 shares in the company, valued at approximately $49,021,544.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,034,845 shares of company stock worth $79,904,107. 10.79% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Exane Derivatives lifted its holdings in shares of Twitter by 18.7% during the third quarter. Exane Derivatives now owns 59,516 shares of the social networking company’s stock worth $1,004,000 after purchasing an additional 9,363 shares during the period. Vivaldi Asset Management LLC bought a new position in Twitter during the second quarter worth $7,521,000. Allen Investment Management LLC bought a new position in Twitter during the second quarter worth $7,169,000. Contrarius Investment Management Ltd raised its stake in Twitter by 17.4% during the second quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock worth $99,233,000 after buying an additional 822,455 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after buying an additional 1,333 shares during the last quarter. Institutional investors own 49.75% of the company’s stock.
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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