Twitter (TWTR) Stock Rating Upgraded by Cowen

Twitter (NYSE:TWTR) was upgraded by research analysts at Cowen from an “underperform” rating to a “market perform” rating in a report released on Tuesday, Briefing.com Automated Import reports.

A number of other analysts have also issued reports on TWTR. JPMorgan Chase & Co. set a $40.00 price target on Twitter and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research raised Twitter from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Thursday, April 11th. Guggenheim raised their price target on Twitter from $33.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Wedbush reissued a “neutral” rating and issued a $37.00 price target on shares of Twitter in a research note on Thursday, April 18th. Finally, SunTrust Banks reissued a “hold” rating and issued a $34.00 price target on shares of Twitter in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and fourteen have issued a buy rating to the company. Twitter has a consensus rating of “Hold” and an average price target of $35.66.

Shares of TWTR traded up $5.48 during trading hours on Tuesday, reaching $39.87. 92,537,988 shares of the company traded hands, compared to its average volume of 17,322,316. 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 firm has a market cap of $26.42 billion, a P/E ratio of 72.49, a PEG ratio of 3.07 and a beta of 0.50. Twitter has a fifty-two week low of $26.19 and a fifty-two week high of $47.79.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Tuesday, April 23rd. The social networking company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.22. The business had revenue of $787.00 million for the quarter, compared to analyst estimates of $775.16 million. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. As a group, equities analysts expect that Twitter will post 0.46 EPS for the current fiscal year.

In related news, CFO Ned D. Segal sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $35.00, for a total transaction of $210,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael Montano sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $34.29, for a total value of $42,862.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 780,939 shares of company stock worth $24,179,652. Company insiders own 6.62% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Financial Gravity Companies Inc. purchased a new stake in Twitter during the 4th quarter worth approximately $27,000. JOYN Advisors Inc. increased its holdings in Twitter by 258.5% during the 4th quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock worth $29,000 after purchasing an additional 734 shares during the last quarter. Mosaic Family Wealth LLC increased its holdings in Twitter by 47.3% during the 4th quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock worth $32,000 after purchasing an additional 355 shares during the last quarter. Moody National Bank Trust Division increased its holdings in Twitter by 92.6% during the 1st quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock worth $33,000 after purchasing an additional 478 shares during the last quarter. Finally, First Financial Corp IN purchased a new stake in Twitter during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 68.37% of the company’s stock.

About Twitter

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: Compound Interest

Analyst Recommendations for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit