Twitter, Inc. (NYSE:TWTR) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday, October 17th.
A number of other equities research analysts also recently weighed in on the company. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $16.00 target price on shares of Twitter in a report on Thursday, October 12th. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 price target for the company in a research note on Tuesday, October 10th. Zacks Investment Research lowered Twitter from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Royal Bank Of Canada restated a “sell” rating and issued a $14.00 target price on shares of Twitter in a research note on Sunday, October 8th. Finally, KeyCorp reissued a “hold” rating on shares of Twitter in a research report on Wednesday, October 4th. Twelve analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.67.
Twitter (NYSE:TWTR) traded down $0.44 during trading on Tuesday, hitting $19.46. The stock had a trading volume of 14,386,659 shares, compared to its average volume of 19,990,000. Twitter has a 52 week low of $14.12 and a 52 week high of $21.96. 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 (NYSE:TWTR) last issued its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. The business had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share. analysts anticipate that Twitter will post 0.02 EPS for the current year.
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In other Twitter news, Director Evan Clark Williams sold 273,300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $16.16, for a total transaction of $4,416,528.00. Following the sale, the director now owns 2,710,576 shares of the company’s stock, valued at $43,802,908.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Robert Kaiden sold 6,574 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $20.59, for a total transaction of $135,358.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,753,819 shares of company stock worth $72,690,993. 9.18% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in TWTR. CIBC Asset Management Inc increased its holdings in shares of Twitter by 12.1% in the 3rd quarter. CIBC Asset Management Inc now owns 29,948 shares of the social networking company’s stock valued at $505,000 after acquiring an additional 3,225 shares during the period. Sterling Investment Advisors Ltd. increased its holdings in shares of Twitter by 37.4% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 22,062 shares of the social networking company’s stock valued at $372,000 after acquiring an additional 6,000 shares during the period. Global X MANAGEMENT CO LLC increased its holdings in shares of Twitter by 16.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 835,541 shares of the social networking company’s stock valued at $14,096,000 after acquiring an additional 116,985 shares during the period. Amerigo Asset Management increased its holdings in shares of Twitter by 46.2% in the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after acquiring an additional 2,172,000 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Twitter by 1.6% in the 3rd quarter. Swiss National Bank now owns 2,286,000 shares of the social networking company’s stock valued at $38,565,000 after acquiring an additional 34,900 shares during the period. 49.68% of the stock is currently owned by institutional investors.
Twitter Company Profile
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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