Twitter (TWTR) Raised to “Buy” at Aegis

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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About Twitter

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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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