Pivotal Research reaffirmed their hold rating on shares of Twitter (NYSE:TWTR) in a research report released on Wednesday. Pivotal Research currently has a $21.00 price target on the social networking company’s stock.
A number of other research firms have also recently weighed in on TWTR. Jefferies Group reaffirmed a hold rating and set a $22.00 price objective on shares of Twitter in a research report on Monday, January 8th. Vetr cut Twitter from a strong-buy rating to a buy rating and set a $26.90 price objective for the company. in a research report on Wednesday, January 3rd. Zacks Investment Research cut Twitter from a strong-buy rating to a hold rating in a research report on Wednesday, December 27th. JPMorgan Chase & Co. raised Twitter from a neutral rating to an overweight rating and increased their price objective for the stock from $20.00 to $27.00 in a research report on Monday, December 18th. Finally, Summit Redstone began coverage on Twitter in a research report on Monday, December 18th. They set a buy rating and a $26.00 price objective for the company. Twelve research analysts have rated the stock with a sell rating, twenty have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Twitter currently has an average rating of Hold and an average price target of $18.90.
Twitter (TWTR) traded up $1.06 during trading on Wednesday, reaching $25.41. The company’s stock had a trading volume of 36,973,000 shares, compared to its average volume of 17,420,000. Twitter has a 52 week low of $14.12 and a 52 week high of $25.85. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $18,870.00, a PE ratio of -49.82, a price-to-earnings-growth ratio of 10.62 and a beta of 1.11.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $586.22 million. During the same period last year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. equities analysts predict that Twitter will post 0.02 EPS for the current year.
In other Twitter news, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the completion of the transaction, the director now owns 2,530,241 shares of the company’s stock, valued at $53,286,875.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Kaiden sold 5,926 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $19.51, for a total value of $115,616.26. The disclosure for this sale can be found here. Insiders sold a total of 5,335,712 shares of company stock valued at $113,614,151 over the last ninety days. 10.79% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Balentine LLC increased its position in Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after buying an additional 3,167 shares in the last quarter. Toronto Dominion Bank increased its position in Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after buying an additional 1,333 shares in the last quarter. Malaga Cove Capital LLC purchased a new position in Twitter during the third quarter worth $154,000. Staley Capital Advisers Inc. purchased a new position in Twitter during the third quarter worth $173,000. Finally, Federated Investors Inc. PA purchased a new position in Twitter during the second quarter worth $174,000. 50.69% of the stock is owned by institutional investors.
Twitter Company Profile
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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