Twitter (TWTR) Given Neutral Rating at Wedbush
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.
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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