Twitter (TWTR) PT Raised to $21.50 at MKM Partners

Twitter (NYSE:TWTR) had its target price boosted by MKM Partners from $18.00 to $21.50 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the social networking company’s stock.

Other research analysts also recently issued reports about the stock. BidaskClub raised shares of Twitter from a hold rating to a buy rating in a report on Friday, September 15th. Zacks Investment Research raised shares of Twitter from a hold rating to a buy rating and set a $18.00 price objective for the company in a report on Wednesday, August 2nd. Vetr downgraded shares of Twitter from a strong-buy rating to a buy rating and set a $19.82 price objective for the company. in a report on Wednesday, October 4th. Goldman Sachs Group set a $26.00 price objective on shares of Twitter and gave the stock a buy rating in a report on Friday, October 27th. Finally, Argus raised shares of Twitter from a hold rating to a buy rating and raised their price objective for the stock from $19.71 to $25.00 in a report on Friday, November 3rd. Twelve investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. Twitter has a consensus rating of Hold and an average price target of $17.85.

Twitter (NYSE:TWTR) opened at $20.71 on Thursday. Twitter has a 52-week low of $14.12 and a 52-week high of $22.48. 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 (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $590.00 million during the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. Twitter’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. equities research analysts forecast that Twitter will post 0.02 earnings per share for the current fiscal year.

In other news, insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $16.78, for a total transaction of $62,002.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the sale, the director now owns 2,530,241 shares in the company, valued at approximately $53,286,875.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,014,025 shares of company stock worth $121,720,789. Corporate insiders own 10.79% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new position in Twitter in the 3rd quarter worth $200,000. Public Employees Retirement System of Ohio raised its position in Twitter by 2.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 291,667 shares of the social networking company’s stock worth $4,920,000 after purchasing an additional 7,640 shares during the period. Cetera Advisors LLC purchased a new position in Twitter in the 3rd quarter worth $250,000. Ladenburg Thalmann Financial Services Inc. raised its position in Twitter by 2.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 171,279 shares of the social networking company’s stock worth $2,890,000 after purchasing an additional 4,364 shares during the period. Finally, Balentine LLC raised its position in Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after purchasing an additional 3,167 shares during the period. Institutional investors own 50.83% of the company’s stock.

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About Twitter

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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