Vetr cut shares of Twitter (NYSE:TWTR) from a buy rating to a hold rating in a report issued on Monday morning. The firm currently has $29.35 price objective on the social networking company’s stock.
Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Twitter to $36.00 and gave the stock an overweight rating in a research report on Friday. Stifel Nicolaus set a $26.00 target price on Twitter and gave the stock a hold rating in a research report on Thursday, February 8th. SunTrust Banks increased their target price on Twitter to $29.00 and gave the stock a hold rating in a research report on Friday. They noted that the move was a valuation call. Bank of America increased their target price on Twitter from $20.00 to $26.00 and gave the stock an underperform rating in a research report on Friday. Finally, Canaccord Genuity increased their target price on Twitter from $21.00 to $25.00 and gave the stock a hold rating in a research report on Friday. Eight equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $22.79.
Shares of Twitter (NYSE:TWTR) opened at $30.95 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. The company has a market capitalization of $22,990.00, a PE ratio of -206.33, a price-to-earnings-growth ratio of 13.74 and a beta of 1.14. Twitter has a 1 year low of $14.12 and a 1 year high of $35.00.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. sell-side analysts expect that Twitter will post 0.11 EPS for the current year.
In other news, insider Robert Kaiden sold 12,734 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $24.99, for a total value of $318,222.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 1,982,985 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $21.12, for a total value of $41,880,643.20. Following the completion of the sale, the director now directly owns 2,401,747 shares of the company’s stock, valued at $50,724,896.64. The disclosure for this sale can be found here. Insiders have sold a total of 3,225,011 shares of company stock valued at $69,509,411 in the last 90 days. 9.18% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of TWTR. Ark Investment Management LLC lifted its stake in shares of Twitter by 28.3% in the 2nd quarter. Ark Investment Management LLC now owns 921,982 shares of the social networking company’s stock valued at $16,476,000 after purchasing an additional 203,096 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Twitter by 3.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 471,374 shares of the social networking company’s stock valued at $8,423,000 after purchasing an additional 15,480 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Twitter by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,606,588 shares of the social networking company’s stock valued at $28,708,000 after purchasing an additional 231,878 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Twitter by 36.2% in the 2nd quarter. Janus Henderson Group PLC now owns 87,830 shares of the social networking company’s stock valued at $1,569,000 after purchasing an additional 23,322 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Twitter in the 2nd quarter valued at approximately $259,000. 49.26% of the stock is owned by institutional investors and hedge funds.
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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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