Twitter (TWTR) Lifted to Buy at Aegis

Aegis upgraded shares of Twitter (NYSE:TWTR) from a sell rating to a buy rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports. They currently have $30.00 target price on the social networking company’s stock.

TWTR has been the topic of several other reports. Goldman Sachs Group set a $26.00 target price on Twitter and gave the stock a buy rating in a report on Friday, October 27th. Vetr lowered Twitter from a strong-buy rating to a buy rating and set a $19.82 target price on the stock. in a report on Wednesday, October 4th. Susquehanna Bancshares boosted their price target on Twitter from $17.00 to $20.00 and gave the company a neutral rating in a report on Thursday, October 26th. Morgan Stanley restated an underweight rating and issued a $10.00 price target on shares of Twitter in a report on Monday, October 2nd. Finally, Wells Fargo & Co boosted their price target on Twitter from $16.00 to $19.00 and gave the company a market perform rating in a report on Friday, October 27th. Ten equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $19.73.

Twitter (NYSE TWTR) opened at $23.66 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. The firm has a market capitalization of $17,570.00, a PE ratio of -46.39, a price-to-earnings-growth ratio of 10.48 and a beta of 1.11. Twitter has a twelve month low of $14.12 and a twelve month high of $25.85.

Twitter (NYSE:TWTR) last posted its 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. The firm had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. equities analysts predict that Twitter will post 0.02 EPS for the current year.

In other Twitter news, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $24.17, for a total transaction of $443,446.99. Following the transaction, the director now owns 2,291,665 shares of the company’s stock, valued at $55,389,543.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Vijaya Gadde sold 135,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.92, for a total value of $2,689,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,320,712 shares of company stock worth $113,341,301. 10.79% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TWTR. Balentine LLC increased its position in Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after buying an additional 3,167 shares during the last quarter. Toronto Dominion Bank increased its position in Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after buying an additional 1,333 shares during the last quarter. Malaga Cove Capital LLC acquired a new position in Twitter during the third quarter worth approximately $154,000. Staley Capital Advisers Inc. acquired a new position in Twitter during the third quarter worth approximately $173,000. Finally, Federated Investors Inc. PA acquired a new position in Twitter during the second quarter worth approximately $174,000. 50.69% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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