Twitter Inc (NYSE:TWTR) has been assigned an average rating of “Hold” from the thirty-seven research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $40.91.
A number of equities analysts recently issued reports on TWTR shares. Canaccord Genuity reissued a “hold” rating and issued a $42.00 price objective (up previously from $32.00) on shares of Twitter in a report on Wednesday, April 24th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Twitter from a “strong-buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a report on Thursday, August 1st. Goldman Sachs Group set a $52.00 price target on shares of Twitter and gave the company a “buy” rating in a report on Friday, July 26th. Wedbush reaffirmed a “neutral” rating and set a $42.00 price target on shares of Twitter in a report on Monday, July 29th. Finally, SunTrust Banks lifted their price target on shares of Twitter to $41.00 and gave the company a “hold” rating in a report on Monday, July 29th. They noted that the move was a valuation call.
In other news, VP Matthew Derella sold 10,793 shares of Twitter stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $35.31, for a total transaction of $381,100.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David S. Rosenblatt sold 40,000 shares of Twitter stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $40.04, for a total transaction of $1,601,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,282 shares of company stock worth $5,744,367. Company insiders own 2.65% of the company’s stock.
Shares of TWTR traded up $0.49 on Friday, reaching $40.58. The company’s stock had a trading volume of 7,197,400 shares, compared to its average volume of 17,665,678. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.33 and a quick ratio of 4.33. The stock has a market capitalization of $31.42 billion, a P/E ratio of 73.78, a PEG ratio of 0.84 and a beta of 0.62. The stock’s 50 day simple moving average is $38.95 and its two-hundred day simple moving average is $35.72. Twitter has a 12-month low of $26.19 and a 12-month high of $43.48.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Friday, July 26th. The social networking company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $841.40 million for the quarter, compared to the consensus estimate of $828.07 million. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Analysts expect that Twitter will post 2.06 earnings per share for the current year.
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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