Twitter Inc. (NYSE:TWTR) has earned a consensus recommendation of “Hold” from the forty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation, twelve have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $26.99.
Several brokerages recently weighed in on TWTR. Deutsche Bank lifted their price objective on Twitter to $32.00 and gave the stock a “hold” rating in a report on Wednesday, May 2nd. They noted that the move was a valuation call. SunTrust Banks lifted their price objective on Twitter to $33.00 and gave the stock a “neutral” rating in a report on Thursday, April 26th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on Twitter from $29.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. Jefferies Group reissued a “hold” rating and issued a $33.00 price objective on shares of Twitter in a report on Thursday, April 26th. Finally, JPMorgan Chase lifted their price objective on Twitter from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th.
Shares of Twitter traded up $0.05, reaching $32.63, during mid-day trading on Thursday, according to Marketbeat Ratings. 10,618,936 shares of the company’s stock were exchanged, compared to its average volume of 28,250,108. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 543.83, a PEG ratio of 4.08 and a beta of 0.85. Twitter has a 52 week low of $15.67 and a 52 week high of $36.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 10.23 and a quick ratio of 10.23.
Twitter (NYSE:TWTR) last released its earnings results on Wednesday, April 25th. The social networking company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.15. Twitter had a return on equity of 2.81% and a net margin of 0.57%. The company had revenue of $665.00 million for the quarter, compared to analysts’ expectations of $607.56 million. During the same period in the previous year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. research analysts expect that Twitter will post 0.35 EPS for the current fiscal year.
In other news, CAO Robert Kaiden sold 3,676 shares of the business’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $30.71, for a total transaction of $112,889.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Evan Clark Williams sold 546,300 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $31.91, for a total value 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. Insiders have sold 3,579,057 shares of company stock valued at $112,868,809 in the last three months. 10.79% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. University of Notre Dame DU Lac lifted its position in Twitter by 20.6% in the 4th quarter. University of Notre Dame DU Lac now owns 356,548 shares of the social networking company’s stock worth $8,561,000 after buying an additional 60,874 shares during the last quarter. Granite Point Capital Management L.P. bought a new stake in Twitter in the 4th quarter worth approximately $960,000. Rehmann Capital Advisory Group bought a new stake in Twitter in the 4th quarter worth approximately $265,000. California Public Employees Retirement System lifted its position in Twitter by 26.3% in the 4th quarter. California Public Employees Retirement System now owns 2,041,480 shares of the social networking company’s stock worth $49,016,000 after buying an additional 424,814 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. bought a new stake in Twitter in the 4th quarter worth approximately $2,723,000. Institutional investors own 54.50% of the company’s stock.
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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