Twitter (TWTR) Earns Neutral Rating from Wedbush

Twitter (NYSE:TWTR)‘s stock had its “neutral” rating reissued by equities research analysts at Wedbush in a report released on Thursday, RTT News reports. They currently have a $37.00 price objective on the social networking company’s stock. Wedbush’s target price points to a potential upside of 7.31% from the stock’s current price.

Several other analysts have also recently commented on the stock. Vertical Group upgraded shares of Twitter from a “hold” rating to a “buy” rating in a report on Monday, January 28th. JPMorgan Chase & Co. restated a “buy” rating and set a $44.00 price target on shares of Twitter in a report on Thursday, January 10th. Bank of America upgraded shares of Twitter from an “underperform” rating to a “buy” rating and set a $39.00 price target for the company in a report on Thursday, January 10th. BTIG Research restated a “buy” rating and set a $42.00 price target (up from $30.00) on shares of Twitter in a report on Tuesday, February 12th. Finally, Robert W. Baird decreased their price target on shares of Twitter to $33.00 and set a “neutral” rating for the company in a report on Friday, February 8th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and sixteen have assigned a buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus target price of $35.79.

TWTR stock opened at $34.48 on Thursday. The company has a quick ratio of 4.69, a current ratio of 4.69 and a debt-to-equity ratio of 0.26. The company has a market cap of $26.48 billion, a P/E ratio of 62.69, a P/E/G ratio of 3.09 and a beta of 0.50. Twitter has a 52 week low of $26.19 and a 52 week high of $47.79.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, February 7th. The social networking company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.16 by $0.15. The business had revenue of $908.84 million during the quarter, compared to analysts’ expectations of $864.87 million. Twitter had a net margin of 39.63% and a return on equity of 8.08%. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. As a group, analysts anticipate that Twitter will post 0.46 earnings per share for the current year.

In other news, VP Matthew Derella sold 4,668 shares of Twitter stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $34.47, for a total value of $160,905.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ned D. Segal sold 6,000 shares of Twitter stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 782,189 shares of company stock worth $24,220,864. Insiders own 6.62% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TWTR. Financial Gravity Companies Inc. bought a new position in Twitter during the fourth quarter worth $27,000. Moody National Bank Trust Division increased its position in Twitter by 92.6% during the first quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock worth $33,000 after acquiring an additional 478 shares during the period. First Financial Corp IN bought a new position in Twitter during the first quarter worth $33,000. JOYN Advisors Inc. increased its position in Twitter by 258.5% during the fourth quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock worth $29,000 after acquiring an additional 734 shares during the period. Finally, Mosaic Family Wealth LLC increased its position in Twitter by 47.3% during the fourth quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock worth $32,000 after acquiring an additional 355 shares during the period. 68.37% of the stock is currently owned by institutional investors.

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, a platform 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.

Read More: Quiet Period Expirations

Analyst Recommendations for Twitter (NYSE:TWTR)

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