Twitter (NYSE:TWTR) had its price target increased by BTIG Research from $25.00 to $30.00 in a report published on Friday, January 12th, Marketbeat reports. BTIG Research currently has a buy rating on the social networking company’s stock.
Several other research firms also recently commented on TWTR. Wells Fargo & Co increased their price objective on Twitter from $16.00 to $19.00 and gave the company a market perform rating in a report on Friday, October 27th. Zacks Investment Research raised Twitter from a hold rating to a strong-buy rating and set a $25.00 price objective for the company in a report on Tuesday, October 31st. Summit Redstone started coverage on Twitter in a report on Monday, December 18th. They set a buy rating and a $26.00 price target for the company. Stifel Nicolaus raised Twitter from a sell rating to a hold rating and raised their price target for the company from $12.00 to $17.00 in a report on Thursday, October 26th. Finally, SunTrust Banks reaffirmed a hold rating and set a $18.00 price target (up previously from $16.00) on shares of Twitter in a report on Friday, October 27th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $19.91.
Shares of Twitter (NYSE:TWTR) traded down $1.22 on Friday, hitting $25.92. 32,315,154 shares of the stock traded hands, compared to its average volume of 24,000,000. The company has a market cap of $19,250.00, a PE ratio of -50.82, a P/E/G ratio of 11.83 and a beta of 1.14. Twitter has a one year low of $14.12 and a one year high of $27.33. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.
In other Twitter news, insider Robert Kaiden sold 5,926 shares of Twitter stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $19.51, for a total value of $115,616.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $22.33, for a total value of $409,688.51. Following the completion of the transaction, the director now owns 2,254,971 shares in the company, valued at approximately $50,353,502.43. The disclosure for this sale can be found here. Insiders sold 3,347,185 shares of company stock worth $71,838,513 in the last 90 days. 10.79% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado grew its position in Twitter by 3.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 120,021 shares of the social networking company’s stock valued at $2,882,000 after acquiring an additional 4,261 shares during the last quarter. Greenwood Capital Associates LLC boosted its stake in shares of Twitter by 59.4% during the fourth quarter. Greenwood Capital Associates LLC now owns 20,456 shares of the social networking company’s stock valued at $491,000 after purchasing an additional 7,619 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Twitter during the fourth quarter valued at about $240,000. Aperio Group LLC boosted its stake in shares of Twitter by 12.6% during the fourth quarter. Aperio Group LLC now owns 84,800 shares of the social networking company’s stock valued at $2,036,000 after purchasing an additional 9,465 shares in the last quarter. Finally, Telemus Capital LLC acquired a new stake in shares of Twitter during the fourth quarter valued at about $214,000. 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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