Jefferies Group reiterated their hold rating on shares of Twitter (NYSE:TWTR) in a research report released on Monday, January 8th. They currently have a $22.00 price target on the social networking company’s stock. Jefferies Group also issued estimates for Twitter’s Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.07 EPS.
TWTR has been the topic of a number of other reports. Vetr downgraded shares of Twitter from a strong-buy rating to a buy rating and set a $26.90 price objective on the stock. in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Twitter from a strong-buy rating to a hold rating in a report on Wednesday, December 27th. JPMorgan Chase & Co. raised shares of Twitter from a neutral rating to an overweight rating and boosted their price target for the stock from $20.00 to $27.00 in a report on Monday, December 18th. Summit Redstone assumed coverage on shares of Twitter in a report on Monday, December 18th. They issued a buy rating and a $26.00 price target on the stock. Finally, Canaccord Genuity boosted their price objective on Twitter from $15.00 to $19.00 and gave the company a hold rating in a research note on Friday, October 27th. Ten research analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $19.88.
Twitter (TWTR) traded down $0.04 during trading hours on Monday, hitting $25.77. 4,504,788 shares of the stock traded hands, compared to its average volume of 24,254,934. Twitter has a 12 month low of $14.12 and a 12 month high of $26.65. 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 company has a market cap of $19,170.00, a price-to-earnings ratio of -50.61, a P/E/G ratio of 11.17 and a beta of 1.11.
In other news, Director Evan Clark Williams sold 18,347 shares of the firm’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $24.27, for a total transaction of $445,281.69. Following the completion of the transaction, the director now directly owns 2,328,359 shares in the company, valued at $56,509,272.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Kaiden sold 5,926 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $19.51, for a total value of $115,616.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,347,185 shares of company stock valued at $71,838,513. 10.79% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of TWTR. Northern Trust Corp boosted its position in shares of Twitter by 78.3% during the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock valued at $149,215,000 after buying an additional 3,667,233 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Twitter by 6.2% during the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock valued at $872,704,000 after buying an additional 2,838,459 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Twitter during the second quarter valued at $43,694,000. SG Americas Securities LLC boosted its position in shares of Twitter by 18,701.9% during the fourth quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock valued at $58,081,000 after buying an additional 2,406,186 shares during the last quarter. Finally, Cambiar Investors LLC purchased a new stake in shares of Twitter during the fourth quarter valued at $53,753,000. Hedge funds and other institutional investors own 50.05% of the company’s stock.
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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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