Morgan Stanley Raises Twitter (TWTR) Price Target to $28.00

Twitter (NYSE:TWTR) had its price target raised by Morgan Stanley from $15.00 to $28.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has an underweight rating on the social networking company’s stock.

Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald reissued a hold rating and issued a $16.00 price target on shares of Twitter in a research note on Monday, October 23rd. Vetr cut Twitter from a strong-buy rating to a hold rating and set a $19.88 price target for the company. in a research note on Thursday, October 26th. Canaccord Genuity reissued a hold rating and issued a $15.00 price target on shares of Twitter in a research note on Friday, October 20th. Barclays boosted their price target on Twitter from $16.00 to $18.00 and gave the company an underweight rating in a research note on Friday, October 27th. Finally, Citigroup raised Twitter from a sell rating to a neutral rating and boosted their price target for the company from $19.90 to $20.00 in a research note on Monday, November 6th. Eight research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $23.35.

Shares of Twitter (NYSE:TWTR) opened at $33.06 on Thursday. The company has a market capitalization of $24,560.00, a P/E ratio of -220.40, a P/E/G ratio of 10.12 and a beta of 1.14. Twitter has a 12 month low of $14.12 and a 12 month high of $35.00. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. research analysts expect that Twitter will post 0.15 earnings per share for the current year.

In other news, insider Robert Kaiden sold 1,186 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $24.44, for a total value of $28,985.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Evan Clark Williams sold 1,982,985 shares of the 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 sold 2,660,011 shares of company stock valued at $58,164,211 over the last three months. 10.79% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Avestar Capital LLC acquired a new position in shares of Twitter in the fourth quarter valued at $103,000. Balentine LLC raised its stake in shares of Twitter by 86.6% in the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after purchasing an additional 3,167 shares in the last quarter. We Are One Seven LLC acquired a new position in shares of Twitter in the fourth quarter valued at $128,000. Toronto Dominion Bank raised its stake in shares of Twitter by 21.3% in the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after purchasing an additional 1,333 shares in the last quarter. Finally, Malaga Cove Capital LLC acquired a new position in shares of Twitter in the third quarter valued at $154,000. 49.26% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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