UBS AG Upgrades Twitter, Inc. (TWTR) to Neutral

Twitter, Inc. (NYSE:TWTR) was upgraded by equities research analysts at UBS AG from a “sell” rating to a “neutral” rating in a report issued on Friday. The brokerage currently has a $21.00 target price on the social networking company’s stock, up from their previous target price of $14.00. UBS AG’s price objective would indicate a potential downside of 3.14% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Cantor Fitzgerald restated a “hold” rating and issued a $16.00 price objective on shares of Twitter in a research note on Monday, October 23rd. OTR Global upgraded shares of Twitter from a “negative” rating to a “mixed” rating in a research note on Thursday, July 13th. Canaccord Genuity reissued a “hold” rating and set a $15.00 price objective on shares of Twitter in a report on Friday, October 20th. Susquehanna Bancshares Inc lifted their price objective on Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Vetr cut Twitter from a “strong-buy” rating to a “hold” rating and set a $19.88 price objective for the company. in a report on Thursday. Thirteen equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.71.

Shares of Twitter (TWTR) opened at 21.68 on Friday. Twitter has a 12-month low of $14.12 and a 12-month high of $21.96. The company has a 50-day moving average of $17.85 and a 200-day moving average of $17.49. The stock’s market capitalization is $15.89 billion.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.22% and a negative net margin of 15.08%. The company had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. During the same quarter last year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts expect that Twitter will post $0.33 earnings per share for the current fiscal year.

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In other Twitter news, Director Evan Clark Williams sold 9,173 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $16.91, for a total transaction of $155,115.43. Following the transaction, the director now owns 2,692,230 shares in the company, valued at $45,525,609.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Kaiden sold 7,775 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $16.28, for a total value of $126,577.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,759,445 shares of company stock valued at $30,631,777. Insiders own 10.79% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Linscomb & Williams Inc. grew its stake in shares of Twitter by 50.0% in the third quarter. Linscomb & Williams Inc. now owns 29,067 shares of the social networking company’s stock worth $490,000 after acquiring an additional 9,683 shares during the last quarter. K.J. Harrison & Partners Inc boosted its stake in Twitter by 34.6% during the third quarter. K.J. Harrison & Partners Inc now owns 127,900 shares of the social networking company’s stock worth $2,158,000 after buying an additional 32,900 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Twitter during the third quarter worth $252,000. Pictet Asset Management Ltd. boosted its stake in Twitter by 99.6% during the third quarter. Pictet Asset Management Ltd. now owns 3,551,209 shares of the social networking company’s stock worth $59,909,000 after buying an additional 1,771,623 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust acquired a new stake in Twitter during the third quarter worth $202,000. Institutional investors and hedge funds own 49.42% 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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