Twitter, Inc. (TWTR) Rating Increased to Strong-Buy at Vetr Inc.
Vetr upgraded shares of Twitter, Inc. (NYSE:TWTR) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning. The firm currently has $25.65 target price on the social networking company’s stock.
Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus raised shares of Twitter from a sell rating to a hold rating and boosted their price target for the company from $12.00 to $17.00 in a report on Thursday, October 26th. Argus raised shares of Twitter from a hold rating to a buy rating and boosted their price target for the company from $19.71 to $25.00 in a report on Friday, November 3rd. BidaskClub raised shares of Twitter from a hold rating to a buy rating in a report on Friday, September 15th. Goldman Sachs Group Inc reissued a buy rating and issued a $20.00 price target on shares of Twitter in a report on Sunday, July 30th. Finally, Citigroup Inc. raised shares of Twitter from a sell rating to a neutral rating and boosted their price target for the company from $19.90 to $20.00 in a report on Monday, November 6th. Twelve research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Twitter has a consensus rating of Hold and an average price target of $17.75.
Twitter (TWTR) opened at $22.42 on Thursday. Twitter has a one year low of $14.12 and a one year high of $22.48. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.
Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. equities research analysts expect that Twitter will post 0.02 earnings per share for the current fiscal year.
In related news, insider Robert Kaiden sold 3,695 shares of the company’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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 565,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $20.08, for a total transaction of $11,345,200.00. Following the transaction, the director now owns 2,441,312 shares in the company, valued at approximately $49,021,544.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,034,845 shares of company stock worth $79,904,107. 10.79% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TWTR. Dimensional Fund Advisors LP lifted its position in Twitter by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,374,710 shares of the social networking company’s stock worth $20,551,000 after buying an additional 42,426 shares in the last quarter. Bank of Montreal Can lifted its position in Twitter by 60.4% during the 2nd quarter. Bank of Montreal Can now owns 95,349 shares of the social networking company’s stock worth $1,703,000 after buying an additional 35,911 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Twitter by 2.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 109,355 shares of the social networking company’s stock valued at $1,960,000 after purchasing an additional 2,955 shares during the period. Aperio Group LLC lifted its position in Twitter by 11.8% during the 2nd quarter. Aperio Group LLC now owns 88,469 shares of the social networking company’s stock valued at $1,581,000 after purchasing an additional 9,305 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in Twitter during the 2nd quarter valued at about $352,000. Institutional investors and hedge funds own 49.75% of the company’s stock.
Twitter Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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