Equities researchers at Summit Redstone assumed coverage on shares of Twitter (NYSE:TWTR) in a report issued on Monday. The firm set a “buy” rating on the social networking company’s stock.
Several other equities research analysts also recently weighed in on the company. J P Morgan Chase & Co upgraded Twitter from a “neutral” rating to an “overweight” rating in a report on Monday. Vetr downgraded Twitter from a “strong-buy” rating to a “buy” rating and set a $25.02 price target on the stock. in a report on Friday. Evercore ISI assumed coverage on Twitter in a report on Tuesday, December 5th. They issued an “in-line” rating and a $21.00 price target on the stock. They noted that the move was a valuation call. MKM Partners increased their price target on Twitter from $18.00 to $21.50 and gave the stock a “neutral” rating in a report on Thursday, November 30th. Finally, Citigroup upgraded Twitter from a “sell” rating to a “neutral” rating and increased their price target for the stock from $19.90 to $20.00 in a report on Monday, November 6th. Twelve equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Twitter presently has a consensus rating of “Hold” and a consensus target price of $17.97.
Shares of Twitter (NYSE:TWTR) opened at $22.23 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. Twitter has a fifty-two week low of $14.12 and a fifty-two week high of $23.24.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The firm had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. research analysts anticipate that Twitter will post 0.02 EPS for the current year.
In other news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $17.66, for a total value of $264,900.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Robert Kaiden sold 6,574 shares of Twitter stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $20.59, for a total value of $135,358.66. The disclosure for this sale can be found here. Insiders sold a total of 5,504,977 shares of company stock worth $112,609,309 over the last quarter. Company insiders own 10.79% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Exane Derivatives boosted its position in shares of Twitter by 18.7% in the 3rd quarter. Exane Derivatives now owns 59,516 shares of the social networking company’s stock worth $1,004,000 after purchasing an additional 9,363 shares in the last quarter. Vivaldi Asset Management LLC acquired a new stake in shares of Twitter in the 2nd quarter worth $7,521,000. Allen Investment Management LLC acquired a new stake in shares of Twitter in the 2nd quarter worth $7,169,000. Contrarius Investment Management Ltd boosted its position in shares of Twitter by 17.4% in the 2nd quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock worth $99,233,000 after purchasing an additional 822,455 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after purchasing an additional 1,333 shares in the last quarter. 50.83% of the stock is owned by hedge funds and other 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.
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