Wedbush reissued their neutral rating on shares of Twitter (NYSE:TWTR) in a research note released on Monday morning.

TWTR has been the topic of a number of other reports. Zacks Investment Research upgraded Twitter from a hold rating to a buy rating and set a $35.00 price target on the stock in a report on Thursday, January 10th. JPMorgan Chase & Co. restated a buy rating and set a $44.00 target price on shares of Twitter in a research note on Thursday, January 10th. ValuEngine downgraded Twitter from a buy rating to a hold rating in a research note on Friday, February 8th. CIBC upgraded Twitter from a market perform rating to an outperform rating and set a $37.00 target price on the stock in a research note on Friday, October 26th. Finally, Guggenheim started coverage on Twitter in a research note on Thursday, December 6th. They set a buy rating and a $39.00 target price on the stock. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $35.33.

Shares of NYSE:TWTR opened at $31.12 on Monday. Twitter has a 12-month low of $26.19 and a 12-month high of $47.79. The firm has a market capitalization of $22.85 billion, a PE ratio of 56.58, a P/E/G ratio of 5.01 and a beta of 0.43. The company has a current ratio of 4.69, a quick ratio of 4.61 and a debt-to-equity ratio of 0.26.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, February 7th. The social networking company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.15. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The business had revenue of $908.84 million for the quarter, compared to the consensus estimate of $864.87 million. During the same period last year, the business posted $0.19 EPS. The business’s revenue was up 24.2% compared to the same quarter last year. On average, equities research analysts forecast that Twitter will post 0.52 EPS for the current year.

In other news, Director Evan Clark Williams sold 3,076,923 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $31.59, for a total value of $97,199,997.57. Following the completion of the transaction, the director now owns 1,340,394 shares of the company’s stock, valued at approximately $42,343,046.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Robert Kaiden sold 4,676 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $33.88, for a total value of $158,422.88. The disclosure for this sale can be found here. In the last three months, insiders sold 6,417,501 shares of company stock valued at $205,134,817. Insiders own 6.62% of the company’s stock.

Several hedge funds have recently modified their holdings of TWTR. Financial Gravity Companies Inc. acquired a new position in Twitter in the 4th quarter worth about $27,000. JOYN Advisors Inc. raised its holdings in Twitter by 258.5% in the 4th quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock worth $29,000 after purchasing an additional 734 shares during the period. Legacy Financial Advisors Inc. raised its holdings in Twitter by 5,495.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,175 shares of the social networking company’s stock worth $34,000 after purchasing an additional 1,154 shares during the period. Rehmann Capital Advisory Group raised its holdings in Twitter by 50.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,834 shares of the social networking company’s stock worth $52,000 after purchasing an additional 613 shares during the period. Finally, Ipswich Investment Management Co. Inc. acquired a new position in Twitter in the 4th quarter worth about $52,000. 64.38% of the stock is owned by institutional investors and hedge funds.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Analyst Recommendations for Twitter (NYSE:TWTR)

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