Shares of Twitter Inc (NYSE:TWTR) have earned a consensus rating of “Hold” from the forty-two brokerages that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $30.30.
Several analysts have issued reports on TWTR shares. Cascend Securities started coverage on Twitter in a report on Wednesday, April 11th. They issued a “buy” rating and a $36.00 target price for the company. ValuEngine raised Twitter from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 2nd. Macquarie raised Twitter from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 26th. Wedbush reaffirmed a “hold” rating and issued a $26.00 price target on shares of Twitter in a research note on Monday, April 23rd. Finally, Zacks Investment Research raised Twitter from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research note on Thursday, April 12th.
Shares of TWTR traded up $0.12 during trading hours on Friday, hitting $43.87. 35,037,945 shares of the stock were exchanged, compared to its average volume of 31,162,492. The company has a debt-to-equity ratio of 0.33, a quick ratio of 10.23 and a current ratio of 10.23. Twitter has a 12-month low of $15.67 and a 12-month high of $47.79. The stock has a market capitalization of $33.22 billion, a price-to-earnings ratio of 724.67, a PEG ratio of 5.41 and a beta of 0.88.
In other news, insider Robert Kaiden sold 2,341 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $30.67, for a total value of $71,798.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew Derella sold 7,008 shares of the stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $44.46, for a total value of $311,575.68. The disclosure for this sale can be found here. Insiders sold a total of 2,791,891 shares of company stock worth $106,065,542 in the last ninety days. 6.62% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in TWTR. CNB Bank acquired a new stake in Twitter during the 4th quarter worth approximately $101,000. Avestar Capital LLC acquired a new stake in Twitter during the 4th quarter worth approximately $103,000. Fortis Advisors LLC acquired a new stake in shares of Twitter in the 1st quarter valued at approximately $103,000. Centaurus Financial Inc. acquired a new stake in shares of Twitter in the 1st quarter valued at approximately $104,000. Finally, We Are One Seven LLC acquired a new stake in shares of Twitter in the 4th quarter valued at approximately $128,000. Hedge funds and other institutional investors own 59.57% of the company’s stock.
Twitter Company Profile
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
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