Twitter (TWTR) Upgraded at ValuEngine

ValuEngine upgraded shares of Twitter (NYSE:TWTR) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Several other equities research analysts also recently commented on TWTR. Zacks Investment Research downgraded shares of Twitter from a strong-buy rating to a hold rating in a research report on Wednesday, December 27th. Vetr upgraded shares of Twitter from a buy rating to a strong-buy rating and set a $27.13 target price on the stock in a research report on Tuesday, January 2nd. Jefferies Group reiterated a hold rating and set a $22.00 target price on shares of Twitter in a research report on Monday, January 8th. Pivotal Research reiterated a hold rating and set a $21.00 target price on shares of Twitter in a research report on Wednesday, January 10th. Finally, BTIG Research lifted their target price on shares of Twitter from $25.00 to $30.00 and gave the stock a buy rating in a research report on Friday, January 12th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $24.60.

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NYSE:TWTR opened at $31.91 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 9.12 and a current ratio of 9.12. Twitter has a one year low of $14.41 and a one year high of $36.80. The company has a market cap of $23,683.53, a P/E ratio of 531.83, a price-to-earnings-growth ratio of 8.57 and a beta of 0.86.

Twitter (NYSE:TWTR) last posted its earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The business had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. During the same period last year, the company earned $0.11 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. analysts expect that Twitter will post 0.17 earnings per share for the current fiscal year.

In other Twitter news, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $22.33, for a total transaction of $409,688.51. Following the completion of the sale, the director now owns 2,254,971 shares in the company, valued at approximately $50,353,502.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Kaiden sold 4,158 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $34.36, for a total transaction of $142,868.88. The disclosure for this sale can be found here. Insiders have sold a total of 2,791,755 shares of company stock valued at $88,096,879 in the last 90 days. 10.79% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Rehmann Capital Advisory Group bought a new stake in Twitter during the 4th quarter valued at $265,000. Xact Kapitalforvaltning AB increased its stake in Twitter by 17.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 109,097 shares of the social networking company’s stock valued at $2,619,000 after purchasing an additional 15,852 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Twitter by 20.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 161,239 shares of the social networking company’s stock valued at $3,872,000 after purchasing an additional 27,380 shares in the last quarter. CNB Bank bought a new stake in Twitter during the 4th quarter valued at $101,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Twitter by 12.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 222,954 shares of the social networking company’s stock valued at $5,353,000 after purchasing an additional 24,479 shares in the last quarter. Institutional investors and hedge funds own 54.69% of the company’s stock.

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About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Twitter (NYSE:TWTR)

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