Several other research firms also recently commented on TWTR. Cascend Securities started coverage on shares of Twitter in a report on Wednesday, April 11th. They set a buy rating and a $36.00 price objective for the company. Vetr downgraded shares of Twitter from a buy rating to a hold rating and set a $29.35 price objective for the company. in a report on Monday, February 12th. Jefferies Group reissued a hold rating and set a $22.00 price objective on shares of Twitter in a report on Monday, January 8th. Wedbush set a $18.00 price target on shares of Twitter and gave the company a hold rating in a report on Monday, February 5th. Finally, Zacks Investment Research raised shares of Twitter from a hold rating to a strong-buy rating and set a $32.00 price target for the company in a report on Thursday, April 12th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $24.60.
TWTR opened at $31.91 on Friday. Twitter has a 52 week low of $14.41 and a 52 week high of $36.80. The stock has a market cap of $23,961.38, a price-to-earnings ratio of 531.83, a P/E/G ratio of 8.67 and a beta of 0.86. The company has a quick ratio of 9.12, a current ratio of 9.12 and a debt-to-equity ratio of 0.34.
Twitter (NYSE:TWTR) last released its quarterly earnings data 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. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The business had revenue of $731.60 million during the quarter, compared to the consensus estimate of $686.12 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue was up 2.0% on a year-over-year basis. sell-side analysts forecast that Twitter will post 0.17 EPS for the current fiscal year.
In other news, VP Matthew Derella sold 7,008 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $27.80, for a total transaction of $194,822.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Evan Clark Williams sold 18,347 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $22.33, for a total transaction of $409,688.51. Following the transaction, the director now directly owns 2,254,971 shares in the company, valued at $50,353,502.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,776,755 shares of company stock worth $87,747,679. Corporate insiders own 10.79% of the company’s stock.
Several large investors have recently modified their holdings of the company. Cetera Investment Advisers increased its position in shares of Twitter by 14.6% during the fourth quarter. Cetera Investment Advisers now owns 12,994 shares of the social networking company’s stock worth $313,000 after acquiring an additional 1,657 shares during the period. Partnervest Advisory Services LLC increased its position in shares of Twitter by 9.8% during the fourth quarter. Partnervest Advisory Services LLC now owns 27,893 shares of the social networking company’s stock worth $670,000 after acquiring an additional 2,500 shares during the period. Zeke Capital Advisors LLC increased its position in shares of Twitter by 19.8% during the fourth quarter. Zeke Capital Advisors LLC now owns 15,126 shares of the social networking company’s stock worth $363,000 after acquiring an additional 2,500 shares during the period. Moors & Cabot Inc. increased its position in shares of Twitter by 16.2% during the fourth quarter. Moors & Cabot Inc. now owns 18,425 shares of the social networking company’s stock worth $441,000 after acquiring an additional 2,575 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Twitter by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,675 shares of the social networking company’s stock valued at $2,969,000 after buying an additional 2,637 shares during the period. 54.69% of the stock is currently owned by institutional investors and hedge funds.
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Twitter Company Profile
Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.
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