Twitter Inc (TWTR) Receives $20.09 Consensus Price Target from Analysts
Twitter Inc (NYSE:TWTR) has received a consensus recommendation of “Hold” from the thirty-eight research firms that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $23.18.
Several research firms have recently issued reports on TWTR. Vetr raised Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 price objective for the company in a research note on Monday, October 23rd. Argus raised Twitter from a “hold” rating to a “buy” rating and raised their price objective for the company from $19.71 to $25.00 in a research note on Friday, November 3rd. Aegis raised Twitter from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, January 16th. Wedbush set a $16.00 price objective on Twitter and gave the company a “hold” rating in a research note on Monday, October 23rd. Finally, Susquehanna Bancshares raised their price objective on Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th.
In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $20.71, for a total transaction of $310,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Evan Clark Williams sold 1,982,985 shares of Twitter stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $21.12, for a total value of $41,880,643.20. Following the sale, the director now directly owns 2,401,747 shares of the company’s stock, valued at $50,724,896.64. The disclosure for this sale can be found here. Insiders have sold a total of 3,225,011 shares of company stock valued at $69,509,411 over the last three months. 10.79% of the stock is owned by corporate insiders.
Twitter (TWTR) traded up $1.33 during midday trading on Tuesday, reaching $31.51. The company’s stock had a trading volume of 67,180,000 shares, compared to its average volume of 32,330,000. The stock has a market cap of $23,410.00, a PE ratio of -210.07, a PEG ratio of 13.74 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter has a fifty-two week low of $14.12 and a fifty-two week high of $35.00.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. equities analysts predict that Twitter will post 0.11 EPS for the current fiscal year.
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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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