Vetr upgraded shares of Twitter (NYSE:TWTR) from a sell rating to a hold rating in a report published on Monday, February 19th. The brokerage currently has $32.58 price objective on the social networking company’s stock.
TWTR has been the topic of several other reports. Morgan Stanley lifted their target price on Twitter from $15.00 to $28.00 and gave the stock an underweight rating in a report on Thursday, February 15th. Zacks Investment Research lowered Twitter from a strong-buy rating to a hold rating in a research report on Tuesday, February 13th. BMO Capital Markets boosted their price target on Twitter from $22.00 to $28.00 and gave the company a market perform rating in a report on Monday, February 12th. JPMorgan Chase & Co. boosted their price objective on shares of Twitter to $36.00 and gave the stock an overweight rating in a research note on Friday, February 9th. Finally, Stifel Nicolaus set a $26.00 price objective on shares of Twitter and gave the stock a hold rating in a research note on Thursday, February 8th. Eight analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $23.46.
Twitter (NYSE TWTR) traded up $2.49 during mid-day trading on Monday, reaching $36.60. The company had a trading volume of 41,622,322 shares, compared to its average volume of 36,320,000. Twitter has a one year low of $14.12 and a one year high of $36.80. The company has a current ratio of 9.12, a quick ratio of 9.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $27,480.00, a price-to-earnings ratio of 114.38, a PEG ratio of 9.50 and a beta of 0.80.
Twitter (NYSE:TWTR) last issued its earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. The business had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. Twitter had a positive return on equity of 0.77% and a negative net margin of 4.42%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. equities research analysts predict that Twitter will post 0.17 earnings per share for the current year.
In related news, insider Robert Kaiden sold 1,186 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total transaction of $28,985.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Evan Clark Williams sold 546,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $31.91, for a total transaction of $17,432,433.00. Following the transaction, the director now directly owns 2,181,588 shares of the company’s stock, valued at approximately $69,614,473.08. The disclosure for this sale can be found here. In the last three months, insiders sold 1,736,179 shares of company stock valued at $51,322,224. Company insiders own 9.18% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. CNB Bank acquired a new stake in shares of Twitter in the fourth quarter worth $101,000. Avestar Capital LLC acquired a new stake in shares of Twitter in the fourth quarter worth $103,000. Balentine LLC increased its position in shares of Twitter by 86.6% in the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after acquiring an additional 3,167 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of Twitter in the fourth quarter worth $128,000. Finally, Toronto Dominion Bank increased its position in shares of Twitter by 21.3% in the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after acquiring an additional 1,333 shares in the last quarter. 54.89% of the stock is owned by institutional investors.
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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