Twitter (TWTR) Rating Increased to Strong-Buy at Vetr
Vetr upgraded shares of Twitter (NYSE:TWTR) from a buy rating to a strong-buy rating in a research report sent to investors on Monday. They currently have $27.54 price objective on the social networking company’s stock.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Twitter from a strong-buy rating to a hold rating in a report on Wednesday, December 27th. Summit Redstone initiated coverage on shares of Twitter in a report on Monday, December 18th. They issued a buy rating and a $26.00 price objective for the company. JPMorgan Chase & Co. raised shares of Twitter from a neutral rating to an overweight rating and boosted their price objective for the company from $20.00 to $27.00 in a report on Monday, December 18th. Evercore ISI initiated coverage on shares of Twitter in a report on Tuesday, December 5th. They issued an in-line rating and a $21.00 price objective for the company. They noted that the move was a valuation call. Finally, MKM Partners boosted their price objective on shares of Twitter from $18.00 to $21.50 and gave the company a neutral rating in a report on Thursday, November 30th. Twelve equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $18.68.
Shares of Twitter (NYSE:TWTR) opened at $24.25 on Monday. The company has a market cap of $18,010.00, a PE ratio of -47.55, a P/E/G ratio of 11.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. Twitter has a twelve month low of $14.12 and a twelve month high of $25.56.
In other news, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $18.19, for a total value of $272,850.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Evan Clark Williams sold 2,000,300 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the completion of the sale, the director now directly owns 2,530,241 shares in the company, valued at $53,286,875.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,317,365 shares of company stock valued at $113,170,704. Corporate insiders own 9.18% of the company’s stock.
Several large investors have recently bought and sold shares of TWTR. Schwab Charles Investment Management Inc. boosted its stake in shares of Twitter by 12.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 999,683 shares of the social networking company’s stock valued at $17,865,000 after purchasing an additional 114,156 shares during the last quarter. Comerica Bank boosted its stake in Twitter by 1.8% during the second quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock worth $557,000 after acquiring an additional 489 shares in the last quarter. Federated Investors Inc. PA bought a new position in Twitter during the second quarter worth $174,000. Prudential Financial Inc. boosted its stake in Twitter by 6.9% during the second quarter. Prudential Financial Inc. now owns 43,650 shares of the social networking company’s stock worth $780,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Twitter by 8.4% during the second quarter. Pacer Advisors Inc. now owns 15,468 shares of the social networking company’s stock worth $276,000 after acquiring an additional 1,196 shares in the last quarter. 50.69% of the stock is currently owned by institutional investors.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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