Guggenheim restated their buy rating on shares of Twitter (NYSE:TWTR) in a report published on Wednesday morning, The Fly reports. Guggenheim currently has a $44.00 price objective on the social networking company’s stock, up from their previous price objective of $41.00.
A number of other equities research analysts also recently commented on the company. Morgan Stanley lifted their target price on Twitter from $31.00 to $32.00 and gave the stock an equal weight rating in a report on Wednesday. Nomura lifted their target price on Twitter from $31.00 to $33.00 and gave the stock a neutral rating in a report on Wednesday. Wedbush reaffirmed a hold rating and set a $39.00 target price on shares of Twitter in a report on Wednesday. UBS Group lifted their target price on Twitter from $38.00 to $46.00 and gave the stock a buy rating in a report on Wednesday. Finally, Oppenheimer lifted their target price on Twitter from $33.00 to $44.00 and gave the stock an outperform rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and fourteen have given a buy rating to the company’s stock. Twitter presently has an average rating of Hold and an average target price of $38.41.
Shares of Twitter stock traded up $0.63 on Wednesday, reaching $39.92. 99,616 shares of the stock were exchanged, compared to its average volume of 16,681,664. The company has a quick ratio of 4.69, a current ratio of 4.47 and a debt-to-equity ratio of 0.25. Twitter has a twelve month low of $26.19 and a twelve month high of $47.79. The company has a market capitalization of $30.54 billion, a price-to-earnings ratio of 72.78, a price-to-earnings-growth 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 that occurred 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 sale, the director now directly owns 1,142,442 shares in the company, valued at $36,341,080.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Robert Kaiden sold 4,676 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $33.88, for a total value of $158,422.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 797,603 shares of company stock valued at $24,834,880. 6.62% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Financial Gravity Companies Inc. purchased a new stake in shares of Twitter in the fourth quarter valued at approximately $27,000. JOYN Advisors Inc. increased its position 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 buying an additional 734 shares in the last quarter. Mosaic Family Wealth LLC increased its position in shares of 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 purchasing an additional 355 shares in the last quarter. Moody National Bank Trust Division increased its position in shares of 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 purchasing an additional 478 shares in the last quarter. Finally, First Financial Corp IN purchased a new stake in shares of Twitter during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 68.24% 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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