Twitter (NYSE:TWTR) had its price target lifted by JPMorgan Chase & Co. to $36.00 in a report published on Friday. JPMorgan Chase & Co. currently has an overweight rating on the social networking company’s stock.
TWTR has been the topic of a number of other reports. Pivotal Research lowered shares of Twitter from a hold rating to a sell rating and set a $21.00 price objective on the stock. in a report on Thursday. SunTrust Banks raised their price objective on shares of Twitter to $29.00 and gave the company a hold rating in a report on Friday. They noted that the move was a valuation call. Robert W. Baird raised their price objective on shares of Twitter from $20.00 to $33.00 and gave the company a neutral rating in a report on Friday. Canaccord Genuity raised their price objective on shares of Twitter from $21.00 to $25.00 and gave the company a hold rating in a report on Friday. Finally, Bank of America raised their price objective on shares of Twitter from $20.00 to $26.00 and gave the company an underperform rating in a report on Friday. Eight equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $22.60.
Twitter (NYSE TWTR) opened at $31.51 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter has a 1 year low of $14.12 and a 1 year high of $35.00. The company has a market cap of $23,410.00, a P/E ratio of -210.07, a price-to-earnings-growth ratio of 13.74 and a beta of 1.14.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.79%. The company had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. During the same quarter last year, the company posted $0.11 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. equities research analysts forecast that Twitter will post 0.11 earnings per share for the current fiscal year.
In other Twitter news, insider Robert Kaiden sold 3,930 shares of Twitter stock in a transaction on Friday, December 1st. The shares were sold at an average price of $20.62, for a total value of $81,036.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Evan Clark Williams sold 1,982,985 shares of Twitter stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $21.12, for a total transaction of $41,880,643.20. Following the completion of the transaction, the director now owns 2,401,747 shares in the company, valued at $50,724,896.64. The disclosure for this sale can be found here. Insiders have sold a total of 3,225,011 shares of company stock worth $69,509,411 over the last quarter. 10.79% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Balentine LLC increased its stake in Twitter by 86.6% in the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after purchasing an additional 3,167 shares during the period. Toronto Dominion Bank increased its stake in Twitter by 21.3% in the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after purchasing an additional 1,333 shares during the period. Marcus Capital LLC acquired a new position in Twitter in the fourth quarter valued at $212,000. Telemus Capital LLC acquired a new position in Twitter in the fourth quarter valued at $214,000. Finally, Malaga Cove Capital LLC acquired a new position in Twitter in the third quarter valued at $154,000. Institutional investors own 50.12% of the company’s stock.
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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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