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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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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