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.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP raised its position in Twitter by 5.3% during the 3rd quarter. First Trust Advisors LP now owns 7,633,764 shares of the social networking company’s stock valued at $128,782,000 after purchasing an additional 385,181 shares in the last quarter. Amerigo Asset Management increased its holdings in shares of Twitter by 46.2% in the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after acquiring an additional 2,172,000 shares during the period. Contrarius Investment Management Ltd increased its holdings in shares of Twitter by 1.3% in the 3rd quarter. Contrarius Investment Management Ltd now owns 5,624,420 shares of the social networking company’s stock valued at $94,884,000 after acquiring an additional 71,372 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Twitter by 11.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,459,480 shares of the social networking company’s stock valued at $79,691,000 after acquiring an additional 463,363 shares during the period. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Twitter by 99.6% in the 3rd quarter. Pictet Asset Management Ltd. now owns 3,551,209 shares of the social networking company’s stock valued at $59,909,000 after acquiring an additional 1,771,623 shares during the period. 50.12% of the stock is owned by institutional investors and hedge funds.

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.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/twitter-inc-twtr-receives-20-09-consensus-price-target-from-analysts/1859915.html.

About Twitter

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.

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.