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.
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.
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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