Brokers Offer Predictions for Twitter Inc’s FY2018 Earnings (NYSE:TWTR)

Twitter Inc (NYSE:TWTR) – Analysts at Jefferies Group raised their FY2018 earnings per share estimates for shares of Twitter in a research note issued to investors on Sunday, according to Zacks Investment Research. Jefferies Group analyst B. Thill now expects that the social networking company will post earnings per share of $0.07 for the year, up from their prior forecast of ($0.02). Jefferies Group currently has a “Hold” rating and a $22.00 price target on the 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 company a “buy” rating in a research report on Friday, October 27th. Susquehanna Bancshares increased their target price on shares of Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Vetr cut shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $24.17 target price for the company. in a research report on Tuesday, November 21st. Wells Fargo & Co raised their price objective on shares of Twitter from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of Twitter from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Ten analysts have rated the stock with a sell rating, twenty-one have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $19.91.

Shares of Twitter (TWTR) opened at $25.92 on Wednesday. The company has a market cap of $19,250.00, a PE ratio of -50.82, a PEG ratio of 11.25 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter has a 12-month low of $14.12 and a 12-month high of $27.33.

In other news, Director Evan Clark Williams sold 565,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $20.08, for a total value of $11,345,200.00. Following the completion of the transaction, the director now owns 2,441,312 shares of the company’s stock, valued at $49,021,544.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Vijaya Gadde sold 135,000 shares of the firm’s stock in a transaction that occurred 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. Over the last quarter, insiders have sold 3,347,185 shares of company stock valued at $71,838,513. Company insiders own 10.79% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Balentine LLC lifted its position in shares of Twitter by 86.6% during the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after buying an additional 3,167 shares during the last quarter. Toronto Dominion Bank lifted its position 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 worth $136,000 after buying an additional 1,333 shares during the last quarter. Malaga Cove Capital LLC purchased a new stake in shares of Twitter during the 3rd quarter worth approximately $154,000. Staley Capital Advisers Inc. purchased a new stake in shares of Twitter during the 3rd quarter worth approximately $173,000. Finally, Federated Investors Inc. PA purchased a new stake in shares of Twitter during the 2nd quarter worth approximately $174,000. Institutional investors own 50.05% of the company’s stock.

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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.

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