Twitter (TWTR) Rating Reiterated by Guggenheim

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.

Twitter (NYSE:TWTR) last released its earnings results on Tuesday, April 23rd. The social networking company reported $0.37 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 firm had revenue of $787.00 million during the quarter, compared to the consensus estimate of $775.16 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. Research analysts anticipate that Twitter will post 0.46 EPS for the current fiscal year.

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.

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.

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