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.
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.
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.
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