Twitter (TWTR) Price Target Raised to $36.00 at JPMorgan Chase & Co.

Twitter (NYSE:TWTR) had its price target boosted by JPMorgan Chase & Co. to $36.00 in a report released on Friday. The brokerage currently has an overweight rating on the social networking company’s stock.

A number of other equities analysts have also commented on the stock. Vetr raised shares of Twitter from a buy rating to a strong-buy rating and set a $19.82 target price on the stock in a research report on Monday, October 23rd. Zacks Investment Research raised shares of Twitter from a hold rating to a buy rating and set a $28.00 target price on the stock in a research report on Friday, January 12th. Stifel Nicolaus raised shares of Twitter from a sell rating to a hold rating and raised their target price for the stock from $12.00 to $17.00 in a research report on Thursday, October 26th. Aegis raised shares of Twitter from a sell rating to a buy rating and set a $30.00 target price on the stock in a research report on Tuesday, January 16th. Finally, Argus raised shares of Twitter from a hold rating to a buy rating and raised their target price for the stock from $19.71 to $25.00 in a research report on Friday, November 3rd. Nine investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $22.56.

Shares of Twitter (NYSE TWTR) opened at $31.51 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter has a 1 year low of $14.12 and a 1 year high of $35.00. The firm has a market cap of $22,417.51, a PE ratio of -196.94, a P/E/G ratio of 13.16 and a beta of 1.14.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $686.12 million. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.79%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. equities research analysts predict that Twitter will post 0.11 earnings per share for the current fiscal year.

In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $20.71, for a total value of $310,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Kaiden sold 3,930 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $20.62, for a total transaction of $81,036.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,225,011 shares of company stock worth $69,509,411. Insiders own 10.79% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in TWTR. SG Americas Securities LLC boosted its stake in Twitter by 18,701.9% in the fourth quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock valued at $58,081,000 after acquiring an additional 2,406,186 shares in the last quarter. Cambiar Investors LLC acquired a new stake in Twitter in the fourth quarter valued at approximately $53,753,000. Amerigo Asset Management boosted its stake in Twitter by 46.2% in the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after acquiring an additional 2,172,000 shares in the last quarter. Key Square Capital Management LLC boosted its stake in Twitter by 178.3% in the fourth quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock valued at $80,863,000 after acquiring an additional 2,157,882 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in Twitter by 99.6% in the third quarter. Pictet Asset Management Ltd. now owns 3,551,209 shares of the social networking company’s stock valued at $59,909,000 after acquiring an additional 1,771,623 shares in the last quarter. Institutional investors own 50.12% 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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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