Twitter Inc (NYSE:TWTR) Receives $40.91 Consensus Price Target from Brokerages

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.

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Twitter by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 9,133,563 shares of the social networking company’s stock worth $262,033,000 after acquiring an additional 569,560 shares in the last quarter. Nordea Investment Management AB raised its position in Twitter by 2.4% in the 4th quarter. Nordea Investment Management AB now owns 37,562 shares of the social networking company’s stock worth $1,080,000 after purchasing an additional 889 shares during the last quarter. Legacy Advisors LLC bought a new position in Twitter in the 1st quarter worth approximately $55,000. State of Alaska Department of Revenue raised its position in Twitter by 0.4% in the 1st quarter. State of Alaska Department of Revenue now owns 108,208 shares of the social networking company’s stock worth $3,557,000 after purchasing an additional 468 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in Twitter in the 1st quarter worth approximately $1,982,000. Hedge funds and other institutional investors own 66.81% 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.

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.

Recommended Story: Support Level

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