Argus upgraded shares of Twitter, Inc. (NYSE:TWTR) from a hold rating to a buy rating in a report published on Friday morning, MarketBeat.com reports. Argus currently has $25.00 target price on the social networking company’s stock, up from their prior target price of $19.71.
A number of other equities research analysts also recently commented on TWTR. Vetr raised Twitter from a buy rating to a strong-buy rating and set a $19.82 target price for the company in a report on Monday, October 23rd. Wells Fargo & Company reissued a market perform rating on shares of Twitter in a report on Saturday, July 22nd. BidaskClub raised Twitter from a hold rating to a buy rating in a report on Friday, September 15th. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $20.00 target price on shares of Twitter in a report on Sunday, July 30th. Finally, KeyCorp reissued a hold rating on shares of Twitter in a report on Friday, August 25th. Twelve investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $17.44.
Shares of Twitter (NYSE:TWTR) opened at $19.90 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. Twitter has a fifty-two week low of $14.12 and a fifty-two week high of $21.96.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The firm had revenue of $590.00 million during the quarter, compared to the consensus estimate of $586.22 million. During the same period last year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. research analysts predict that Twitter will post 0.02 earnings per share for the current fiscal year.
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In other Twitter news, insider Robert Kaiden sold 3,805 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $16.81, for a total value of $63,962.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.07, for a total value of $241,050.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,753,819 shares of company stock worth $72,690,993. 9.18% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Independence Advisors LLC bought a new stake in shares of Twitter in the 2nd quarter valued at approximately $231,000. Toronto Dominion Bank increased its holdings in shares of 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 acquiring an additional 1,333 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of 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 acquiring an additional 4,645 shares during the last quarter. Federated Investors Inc. PA bought a new stake in shares of Twitter in the 2nd quarter valued at approximately $174,000. Finally, Berkshire Asset Management LLC PA bought a new stake in shares of Twitter in the 3rd quarter valued at approximately $184,000. Institutional investors and hedge funds own 49.68% 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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