Aegis upgraded shares of Twitter (NYSE:TWTR) from a sell rating to a buy rating in a research note published on Tuesday morning, Marketbeat Ratings reports. Aegis currently has $30.00 price objective on the social networking company’s stock.
TWTR has been the subject of a number of other reports. Goldman Sachs Group set a $26.00 target price on shares of Twitter and gave the stock a buy rating in a report on Friday, October 27th. Vetr cut shares of Twitter from a strong-buy rating to a buy rating and set a $19.82 target price for the company. in a report on Wednesday, October 4th. Susquehanna Bancshares raised their target price on shares of Twitter from $17.00 to $20.00 and gave the stock a neutral rating in a report on Thursday, October 26th. Morgan Stanley restated an underweight rating and set a $10.00 target price on shares of Twitter in a report on Monday, October 2nd. Finally, Wells Fargo & Co raised their target price on shares of Twitter from $16.00 to $19.00 and gave the stock a market perform rating in a report on Friday, October 27th. Ten analysts have rated the stock with a sell rating, twenty have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $19.73.
Twitter (TWTR) traded down $0.38 during midday trading on Tuesday, hitting $23.66. 17,527,212 shares of the company were exchanged, compared to its average volume of 18,790,000. Twitter has a fifty-two week low of $14.12 and a fifty-two week high of $25.85. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $17,570.00, a price-to-earnings ratio of -46.39, a PEG ratio of 10.71 and a beta of 1.11.
Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. The firm had revenue of $590.00 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. analysts forecast that Twitter will post 0.02 EPS for the current year.
In other Twitter news, Director Evan Clark Williams sold 2,000,300 shares of Twitter stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the completion of the sale, the director now owns 2,530,241 shares of the company’s stock, valued at approximately $53,286,875.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Vijaya Gadde sold 135,000 shares of Twitter stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.92, for a total transaction of $2,689,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,320,712 shares of company stock valued at $113,341,301 in the last three months. Company insiders own 10.79% of the company’s stock.
Large investors have recently modified their holdings of the business. Exane Derivatives boosted its stake in shares of Twitter by 18.7% during the 3rd quarter. Exane Derivatives now owns 59,516 shares of the social networking company’s stock valued at $1,004,000 after buying an additional 9,363 shares during the period. Toronto Dominion Bank raised its holdings in shares of Twitter by 21.3% during the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after purchasing an additional 1,333 shares in the last quarter. Global X MANAGEMENT CO LLC raised its holdings in shares of Twitter by 16.3% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 835,541 shares of the social networking company’s stock valued at $14,096,000 after purchasing an additional 116,985 shares in the last quarter. PineView Asset Management LP raised its holdings in shares of Twitter by 179.4% during the 2nd quarter. PineView Asset Management LP now owns 799,121 shares of the social networking company’s stock valued at $35,689,000 after purchasing an additional 513,084 shares in the last quarter. Finally, Amerigo Asset Management raised its holdings in shares of Twitter by 46.2% during the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after purchasing an additional 2,172,000 shares in the last quarter. 50.69% of the stock is owned by institutional investors.
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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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