Stifel Nicolaus Reiterates $26.00 Price Target for Twitter (TWTR)

Stifel Nicolaus set a $26.00 price target on Twitter (NYSE:TWTR) in a research report released on Thursday. The brokerage currently has a hold rating on the social networking company’s stock.

Several other equities research analysts have also recently weighed in on TWTR. SunTrust Banks reiterated a hold rating and issued a $16.00 target price on shares of Twitter in a report on Thursday, October 12th. BidaskClub upgraded Twitter from a hold rating to a buy rating in a report on Tuesday, October 17th. Canaccord Genuity reiterated a hold rating and issued a $15.00 target price on shares of Twitter in a report on Friday, October 20th. Wedbush set a $16.00 price objective on Twitter and gave the stock a hold rating in a research note on Monday, October 23rd. Finally, Cantor Fitzgerald restated a hold rating and set a $16.00 price objective on shares of Twitter in a research note on Monday, October 23rd. Ten investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $22.12.

Shares of Twitter (NYSE:TWTR) traded up $0.37 during trading on Thursday, reaching $30.55. The company’s stock had a trading volume of 41,970,430 shares, compared to its average volume of 32,588,422. The company has a market cap of $22,730.00, a P/E ratio of -204.00, a PEG ratio of 11.73 and a beta of 1.14. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a 12 month low of $14.12 and a 12 month high of $35.00.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. During the same quarter in the prior year, the company posted $0.11 EPS. Twitter’s quarterly revenue was up 2.0% on a year-over-year basis. equities analysts anticipate that Twitter will post 0.02 EPS for the current year.

In other news, Director Evan Clark Williams sold 1,982,985 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $21.12, for a total value of $41,880,643.20. Following the transaction, the director now directly owns 2,401,747 shares of the company’s stock, valued at $50,724,896.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert Kaiden sold 3,570 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $21.00, for a total value of $74,970.00. The disclosure for this sale can be found here. Insiders sold 3,225,011 shares of company stock worth $69,509,411 over the last three months. Corporate insiders own 10.79% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Balentine LLC grew its holdings 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 acquiring an additional 3,167 shares during the period. Toronto Dominion Bank grew its holdings 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 acquiring an additional 1,333 shares during the period. Malaga Cove Capital LLC acquired a new stake in Twitter during the third quarter worth about $154,000. Staley Capital Advisers Inc. acquired a new stake in Twitter during the third quarter worth about $173,000. Finally, Berkshire Asset Management LLC PA acquired a new stake in Twitter during the third quarter worth about $184,000. 50.12% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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