Analysts at Guggenheim started coverage on shares of Twitter (NYSE:TWTR) in a note issued to investors on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $39.00 price target on the social networking company’s stock. Guggenheim’s price target would indicate a potential upside of 18.79% from the company’s previous close.
Several other research analysts have also commented on TWTR. Zacks Investment Research reaffirmed a “strong-buy” rating and set a $37.00 price objective on shares of Twitter in a research note on Saturday, November 17th. Pivotal Research reaffirmed a “hold” rating and set a $28.00 price objective on shares of Twitter in a research note on Thursday, October 25th. Wedbush reaffirmed a “hold” rating and set a $37.00 price objective on shares of Twitter in a research note on Tuesday, October 23rd. UBS Group raised shares of Twitter from a “market perform” rating to an “outperform” rating in a research note on Friday, October 26th. Finally, Nomura lifted their price objective on shares of Twitter from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, October 26th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.90.
NYSE TWTR opened at $32.83 on Thursday. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.27. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of 547.17, a PEG ratio of 3.15 and a beta of 0.29. Twitter has a 52 week low of $20.95 and a 52 week high of $47.79.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 25th. The social networking company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.04 by $0.17. The company had revenue of $758.11 million during the quarter, compared to analyst estimates of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. Analysts predict that Twitter will post 0.47 EPS for the current fiscal year.
In related news, VP Michael Montano sold 1,250 shares of Twitter stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $28.34, for a total value of $35,425.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Evan Clark Williams sold 3,076,923 shares of Twitter stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $31.59, for a total value of $97,199,997.57. Following the completion of the sale, the director now owns 1,340,394 shares of the company’s stock, valued at $42,343,046.46. The disclosure for this sale can be found here. Insiders sold 7,744,843 shares of company stock valued at $238,837,447 over the last 90 days. 10.79% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group raised its holdings in shares of Twitter by 50.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,834 shares of the social networking company’s stock valued at $52,000 after acquiring an additional 613 shares in the last quarter. Castleark Management LLC bought a new position in Twitter in the second quarter worth about $121,000. Quad Cities Investment Group LLC bought a new position in Twitter in the second quarter worth about $132,000. Focused Wealth Management Inc raised its holdings in Twitter by 144.3% in the second quarter. Focused Wealth Management Inc now owns 3,217 shares of the social networking company’s stock worth $140,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Exane Derivatives raised its holdings in Twitter by 303.0% in the third quarter. Exane Derivatives now owns 3,663 shares of the social networking company’s stock worth $104,000 after purchasing an additional 2,754 shares in the last quarter. Hedge funds and other institutional investors own 64.18% of the company’s stock.
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.
See Also: Return on Investment (ROI) Defined, Explained
Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.