Twitter (TWTR) Upgraded to “Hold” at Vetr

Vetr upgraded shares of Twitter (NYSE:TWTR) from a sell rating to a hold rating in a report released on Monday morning. Vetr currently has $32.58 target price on the social networking company’s stock.

Several other brokerages have also recently issued reports on TWTR. Wells Fargo & Co lifted their target price on Twitter from $16.00 to $19.00 and gave the company a market perform rating in a research report on Friday, October 27th. Zacks Investment Research raised Twitter from a hold rating to a strong-buy rating and set a $25.00 target price on the stock in a research report on Tuesday, October 31st. Summit Redstone initiated coverage on Twitter in a research report on Monday, December 18th. They set a buy rating and a $26.00 target price on the stock. SunTrust Banks reaffirmed a hold rating and set a $18.00 target price (up previously from $16.00) on shares of Twitter in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised Twitter from a sell rating to a hold rating and lifted their target price for the company from $12.00 to $17.00 in a research report on Thursday, October 26th. Eight investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $23.46.

Twitter (TWTR) opened at $33.06 on Monday. The stock has a market capitalization of $24,560.00, a P/E ratio of -220.40, a P/E/G ratio of 9.96 and a beta of 1.14. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a 1 year low of $14.12 and a 1 year high of $35.00.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. The company had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $686.12 million. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. Twitter’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share. research analysts forecast that Twitter will post 0.15 EPS for the current year.

In related news, Director Evan Clark Williams sold 1,982,985 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $21.12, for a total transaction of $41,880,643.20. Following the sale, the director now directly owns 2,401,747 shares in the company, valued at approximately $50,724,896.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Kaiden sold 3,930 shares of the business’s 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,660,011 shares of company stock worth $58,164,211. Corporate insiders own 9.18% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TWTR. Ark Investment Management LLC raised its stake in shares of Twitter by 28.3% during the 2nd quarter. Ark Investment Management LLC now owns 921,982 shares of the social networking company’s stock valued at $16,476,000 after purchasing an additional 203,096 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Twitter by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,606,588 shares of the social networking company’s stock valued at $28,708,000 after purchasing an additional 231,878 shares during the period. Janus Henderson Group PLC raised its stake in shares of Twitter by 36.2% during the 2nd quarter. Janus Henderson Group PLC now owns 87,830 shares of the social networking company’s stock valued at $1,569,000 after purchasing an additional 23,322 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Twitter during the 2nd quarter valued at $259,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Twitter by 2.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 284,027 shares of the social networking company’s stock valued at $5,076,000 after purchasing an additional 6,446 shares during the period. Institutional investors own 52.08% of the company’s stock.

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About Twitter

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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