Twitter (TWTR) Cut to “Buy” at Vetr

Vetr cut shares of Twitter (NYSE:TWTR) from a strong-buy rating to a buy rating in a report published on Wednesday morning. The brokerage currently has $26.90 target price on the social networking company’s stock.

Other analysts have also issued reports about the stock. BidaskClub raised shares of Twitter from a hold rating to a buy rating in a research report on Tuesday, October 17th. Goldman Sachs Group set a $26.00 price objective on shares of Twitter and gave the company a buy rating in a research report on Friday, October 27th. Argus raised shares of Twitter from a hold rating to a buy rating and increased their price objective for the company from $19.71 to $25.00 in a research report on Friday, November 3rd. Summit Redstone started coverage on shares of Twitter in a research report on Monday, December 18th. They issued a buy rating and a $26.00 price objective on the stock. Finally, Canaccord Genuity reissued a hold rating and issued a $15.00 price objective on shares of Twitter in a research report on Friday, October 20th. Twelve research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $18.46.

Shares of Twitter (NYSE TWTR) opened at $24.32 on Wednesday. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a 1 year low of $14.12 and a 1 year high of $25.56. The stock has a market cap of $18,060.00, a price-to-earnings ratio of -47.69, a price-to-earnings-growth ratio of 11.76 and a beta of 1.11.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. equities analysts anticipate that Twitter will post 0.02 EPS for the current fiscal year.

In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $18.19, for a total transaction of $272,850.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 18,347 shares of the stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $24.27, for a total transaction of $445,281.69. Following the sale, the director now owns 2,328,359 shares in the company, valued at $56,509,272.93. The disclosure for this sale can be found here. Insiders sold 5,726,480 shares of company stock worth $120,514,319 over the last 90 days. 10.79% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Twitter by 6.2% during the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock worth $872,704,000 after buying an additional 2,838,459 shares in the last quarter. Northern Trust Corp grew its stake in Twitter by 78.3% during the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock worth $149,215,000 after buying an additional 3,667,233 shares in the last quarter. First Trust Advisors LP grew its stake in Twitter by 5.3% during the third quarter. First Trust Advisors LP now owns 7,633,764 shares of the social networking company’s stock worth $128,782,000 after buying an additional 385,181 shares in the last quarter. Amerigo Asset Management grew its stake in Twitter by 46.2% during the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after buying an additional 2,172,000 shares in the last quarter. Finally, Contrarius Investment Management Ltd grew its stake in Twitter by 1.3% during the third quarter. Contrarius Investment Management Ltd now owns 5,624,420 shares of the social networking company’s stock worth $94,884,000 after buying an additional 71,372 shares in the last quarter. Hedge funds and other institutional investors own 50.69% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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