Twitter (TWTR) PT Raised to $39.00

Twitter (NYSE:TWTR) had its price objective upped by Deutsche Bank from $35.00 to $39.00 in a research note published on Wednesday morning, BenzingaRatingsTable reports. They currently have a hold rating on the social networking company’s stock.

Other equities analysts have also recently issued research reports about the company. Vertical Group upgraded Twitter from a hold rating to a buy rating in a report on Monday, January 28th. Wedbush reiterated a neutral rating on shares of Twitter in a report on Monday, February 11th. JPMorgan Chase & Co. reiterated a buy rating and issued a $44.00 target price on shares of Twitter in a report on Thursday, January 10th. BTIG Research reiterated a buy rating and issued a $42.00 target price (up previously from $30.00) on shares of Twitter in a report on Tuesday, February 12th. Finally, Bank of America upgraded Twitter from an underperform rating to a buy rating and set a $39.00 target price for the company in a report on Thursday, January 10th. Two investment 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. The stock currently has a consensus rating of Hold and an average price target of $38.41.

NYSE:TWTR opened at $40.03 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.69 and a current ratio of 4.47. Twitter has a 1 year low of $26.19 and a 1 year high of $47.79. The company has a market capitalization of $30.54 billion, a price-to-earnings ratio of 72.78, a PEG ratio of 3.55 and a beta of 0.50.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.31. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The business had revenue of $787.00 million for the quarter, compared to the consensus estimate of $775.16 million. During the same quarter in the previous year, the company posted $0.16 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. On average, equities analysts expect that Twitter will post 0.46 earnings per share for the current fiscal year.

In other news, Director Evan Clark Williams sold 24,643 shares of the business’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $31.81, for a total value of $783,893.83. Following the completion of the transaction, the director now directly owns 1,142,442 shares of the company’s stock, valued at approximately $36,341,080.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Michael Montano sold 1,250 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was 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. Insiders sold a total of 797,603 shares of company stock valued at $24,834,880 over the last quarter. Company insiders own 6.62% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. Financial Gravity Companies Inc. acquired a new position in Twitter during the 4th quarter valued at about $27,000. Moody National Bank Trust Division increased its holdings in shares of Twitter by 92.6% in the first quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 478 shares during the period. First Financial Corp IN acquired a new position in shares of Twitter in the first quarter valued at about $33,000. Asset Dedication LLC acquired a new position in shares of Twitter in the first quarter valued at about $33,000. Finally, JOYN Advisors Inc. increased its holdings in shares of Twitter by 258.5% in the fourth quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock valued at $29,000 after purchasing an additional 734 shares during the period. 68.24% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Story: Purposes and Functions of the Federal Reserve

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