Twitter (TWTR) Price Target Increased to $41.00 by Analysts at Aegis

Twitter (NYSE:TWTR) had its price objective increased by Aegis from $40.00 to $41.00 in a research note published on Monday morning, Marketbeat Ratings reports. Aegis currently has a buy rating on the social networking company’s stock.

Other analysts have also issued research reports about the stock. CIBC upgraded shares of Twitter from a market perform rating to an outperform rating and set a $37.00 target price on the stock in a research report on Friday, October 26th. BMO Capital Markets raised their target price on shares of Twitter from $31.00 to $35.00 and gave the stock a market perform rating in a research report on Friday, October 26th. Nomura raised their target price on shares of Twitter from $30.00 to $33.00 and gave the stock a neutral rating in a research report on Friday, October 26th. Oppenheimer upgraded shares of Twitter from a market perform rating to an outperform rating and set a $37.00 target price on the stock in a research report on Friday, October 26th. Finally, Barclays raised their target price on shares of Twitter from $24.00 to $27.00 and gave the stock an underweight rating in a research report on Friday, October 26th. Three analysts have rated the stock with a sell rating, twenty have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $34.75.

Shares of TWTR opened at $34.75 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.61 and a quick ratio of 11.00. Twitter has a 1-year low of $19.26 and a 1-year high of $47.79. The company has a market cap of $24.52 billion, a PE ratio of 579.17, a price-to-earnings-growth ratio of 4.16 and a beta of 0.75.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.17. Twitter had a net margin of 36.35% and a return on equity of 6.75%. The business had revenue of $758.11 million during the quarter, compared to analysts’ expectations of $703.57 million. As a group, sell-side analysts expect that Twitter will post 0.38 earnings per share for the current fiscal year.

In related news, VP Michael Montano sold 1,250 shares of Twitter stock in a transaction on Monday, October 22nd. The shares were sold at an average price of $29.05, for a total transaction of $36,312.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $27.20, for a total transaction of $18,556,982.40. Following the sale, the director now directly owns 1,491,702 shares in the company, valued at approximately $40,574,294.40. The disclosure for this sale can be found here. In the last three months, insiders sold 4,142,686 shares of company stock worth $126,249,154. Insiders own 6.62% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Exane Derivatives increased its stake in Twitter by 303.0% during the 3rd quarter. Exane Derivatives now owns 3,663 shares of the social networking company’s stock worth $104,000 after buying an additional 2,754 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Twitter during the 2nd quarter worth $112,000. Kiley Juergens Wealth Management LLC purchased a new stake in Twitter during the 2nd quarter worth $113,000. Castleark Management LLC purchased a new stake in Twitter during the 2nd quarter worth $121,000. Finally, Quad Cities Investment Group LLC purchased a new stake in Twitter during the 2nd quarter worth $132,000. 64.80% of the stock is currently owned by hedge funds and other institutional investors.

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 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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Analyst Recommendations for Twitter (NYSE:TWTR)

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