Twitter, Inc. (NYSE:TWTR) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday. The firm presently has a $19.82 target price on the social networking company’s stock. Vetr‘s price objective indicates a potential upside of 11.79% from the company’s previous close.
Several other research analysts have also weighed in on the company. BidaskClub raised Twitter from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Twitter in a research report on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $20.00 target price on shares of Twitter in a research report on Sunday, July 30th. KeyCorp reaffirmed a “hold” rating on shares of Twitter in a research report on Friday, August 25th. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $17.00 target price (up from $15.00) on shares of Twitter in a research report on Monday, July 17th. Sixteen research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus price target of $15.44.
Shares of Twitter (NYSE TWTR) opened at 17.73 on Tuesday. The firm has a 50-day moving average price of $17.34 and a 200-day moving average price of $17.19. Twitter has a 52 week low of $14.12 and a 52 week high of $20.88. The firm’s market capitalization is $13.00 billion.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $574.00 million for the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative return on equity of 2.91% and a negative net margin of 18.25%. Twitter’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts expect that Twitter will post $0.33 earnings per share for the current fiscal year.
In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $17.66, for a total value of $264,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 853,700 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $19.38, for a total value of $16,544,706.00. Following the completion of the transaction, the director now owns 2,735,038 shares in the company, valued at $53,005,036.44. The disclosure for this sale can be found here. Insiders sold a total of 2,189,030 shares of company stock worth $39,560,018 over the last quarter. Corporate insiders own 10.79% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in TWTR. Toronto Dominion Bank boosted its position in Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after buying an additional 1,333 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in Twitter by 112.3% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock valued at $157,000 after buying an additional 4,645 shares during the last quarter. Federated Investors Inc. PA bought a new position in Twitter in the 2nd quarter valued at $174,000. NEXT Financial Group Inc boosted its position in Twitter by 6.3% in the 2nd quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock valued at $197,000 after buying an additional 650 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Twitter in the 2nd quarter valued at $211,000. Hedge funds and other institutional investors own 49.14% of the company’s stock.
Twitter Company Profile
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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