MKM Partners upgraded shares of Twitter (NYSE:TWTR) from a neutral rating to a buy rating in a research note released on Friday, Marketbeat reports. They currently have $40.00 price target on the social networking company’s stock.
Several other analysts have also recently weighed in on TWTR. ValuEngine raised Twitter from a hold rating to a buy rating in a research report on Wednesday, April 18th. Zacks Investment Research cut Twitter from a strong-buy rating to a hold rating in a research report on Tuesday, February 13th. Cascend Securities started coverage on Twitter in a research report on Wednesday, April 11th. They set a buy rating and a $36.00 price objective on the stock. Stifel Nicolaus set a $26.00 price objective on Twitter and gave the company a hold rating in a research report on Thursday, February 8th. Finally, Bank of America lifted their price objective on Twitter from $20.00 to $26.00 and gave the company an underperform rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $24.60.
Shares of NYSE:TWTR opened at $31.91 on Friday. Twitter has a 1 year low of $14.41 and a 1 year high of $36.80. The stock has a market cap of $23,961.38, a P/E ratio of 531.83, a price-to-earnings-growth ratio of 8.67 and a beta of 0.86. The company has a current ratio of 9.12, a quick ratio of 9.12 and a debt-to-equity ratio of 0.34.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Twitter had a positive return on equity of 0.77% and a negative net margin of 4.42%. The company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. During the same quarter in the previous year, the business earned $0.11 EPS. Twitter’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 related news, VP Matthew Derella sold 7,008 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $27.80, for a total value of $194,822.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Evan Clark Williams sold 18,347 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $22.33, for a total value of $409,688.51. Following the completion of the transaction, the director now directly owns 2,254,971 shares in the company, valued at $50,353,502.43. The disclosure for this sale can be found here. Insiders sold a total of 2,776,755 shares of company stock worth $87,747,679 over the last ninety days. 10.79% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. CNB Bank purchased a new stake in Twitter during the 4th quarter valued at $101,000. Avestar Capital LLC purchased a new stake in Twitter during the 4th quarter valued at $103,000. We Are One Seven LLC purchased a new stake in Twitter during the 4th quarter valued at $128,000. Pier Capital LLC purchased a new stake in Twitter during the 4th quarter valued at $175,000. Finally, Marcus Capital LLC purchased a new stake in Twitter during the 4th quarter valued at $212,000. Institutional investors and hedge funds own 54.69% of the company’s stock.
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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.
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