Twitter, Inc. (TWTR) Upgraded to Buy by Argus
Argus upgraded shares of Twitter, Inc. (NYSE:TWTR) from a hold rating to a buy rating in a report published on Friday, MarketBeat reports. They currently have $25.00 target price on the social networking company’s stock, up from their prior target price of $19.71.
Other research analysts have also issued reports about the company. Cantor Fitzgerald reaffirmed a hold rating and issued a $16.00 target price on shares of Twitter in a research report on Monday, October 23rd. OTR Global raised Twitter from a negative rating to a mixed rating in a research report on Thursday, July 13th. Wells Fargo & Company reaffirmed a market perform rating on shares of Twitter in a research report on Saturday, July 22nd. Pivotal Research reaffirmed a hold rating and issued a $17.00 target price (up from $15.00) on shares of Twitter in a research report on Monday, July 17th. Finally, BidaskClub lowered Twitter from a buy rating to a hold rating in a research report on Friday, July 28th. Twelve investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $17.67.
Twitter (NYSE TWTR) opened at $19.39 on Friday. 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 has a 52-week low of $14.12 and a 52-week high of $21.96.
Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The company had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. During the same period in the prior year, the firm posted $0.09 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. sell-side analysts anticipate that Twitter will post 0.02 earnings per share for the current year.
In other Twitter news, Director Evan Clark Williams sold 2,000,300 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $21.06, for a total value of $42,126,318.00. Following the transaction, the director now directly owns 2,530,241 shares in the company, valued at approximately $53,286,875.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Robert Kaiden sold 6,574 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $20.59, for a total value of $135,358.66. The disclosure for this sale can be found here. Insiders sold a total of 3,753,819 shares of company stock worth $72,690,993 over the last quarter. Corporate insiders own 9.18% of the company’s stock.
Several large investors have recently bought and sold shares of TWTR. Toronto Dominion Bank boosted its position in shares of 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 during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in shares of 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 during the last quarter. Federated Investors Inc. PA bought a new position in shares of Twitter in the 2nd quarter worth $174,000. Berkshire Asset Management LLC PA bought a new position in shares of Twitter in the 3rd quarter worth $184,000. Finally, NEXT Financial Group Inc boosted its position in shares of Twitter by 6.3% in the 2nd quarter. NEXT Financial Group Inc now owns 11,030 shares of the social networking company’s stock worth $197,000 after purchasing an additional 650 shares during the last quarter. Institutional investors and hedge funds own 49.68% of the company’s stock.
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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