Twitter, Inc. (TWTR) Lowered to “Buy” at Vetr Inc.
Vetr cut shares of Twitter, Inc. (NYSE:TWTR) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning. The brokerage currently has $24.17 target price on the social networking company’s stock.
TWTR has been the topic of several other research reports. Wells Fargo & Company increased their price objective on Twitter from $16.00 to $19.00 and gave the stock a market perform rating in a research note on Friday, October 27th. Zacks Investment Research raised Twitter from a hold rating to a strong-buy rating and set a $25.00 price objective on the stock in a research note on Tuesday, October 31st. BidaskClub cut Twitter from a buy rating to a hold rating in a research note on Friday, July 28th. Stifel Nicolaus raised Twitter from a sell rating to a hold rating and increased their price objective for the stock from $12.00 to $17.00 in a research note on Thursday, October 26th. Finally, SunTrust Banks, Inc. reissued a hold rating and issued a $18.00 price objective (up previously from $16.00) on shares of Twitter in a research note on Friday, October 27th. They noted that the move was a valuation call. Twelve research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $17.70.
Twitter (NYSE:TWTR) opened at $21.88 on Tuesday. Twitter has a 52 week low of $14.12 and a 52 week high of $21.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40.
Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $590.00 million for the quarter, compared to analysts’ expectations of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. equities analysts predict that Twitter will post 0.02 earnings per share for the current year.
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In related news, Director Evan Clark Williams sold 9,173 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $16.91, for a total value of $155,115.43. Following the transaction, the director now directly owns 2,692,230 shares of the company’s stock, valued at approximately $45,525,609.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $16.78, for a total transaction of $62,002.10. The disclosure for this sale can be found here. Insiders sold a total of 4,171,445 shares of company stock worth $82,183,431 over the last ninety days. 9.18% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Balentine LLC lifted its stake in Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after purchasing an additional 3,167 shares in the last quarter. Toronto Dominion Bank lifted its stake in Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after purchasing an additional 1,333 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in Twitter by 112.3% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 8,781 shares of the social networking company’s stock worth $157,000 after purchasing an additional 4,645 shares in the last quarter. Malaga Cove Capital LLC purchased a new position in Twitter in the 3rd quarter worth approximately $154,000. Finally, Federated Investors Inc. PA purchased a new position in Twitter in the 2nd quarter worth approximately $174,000. 49.75% of the stock is currently owned by hedge funds and other institutional investors.
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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