Twitter Inc (NYSE:TWTR) has received a consensus recommendation of “Hold” from the forty ratings firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation, eleven have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.64.
TWTR has been the topic of several recent analyst reports. Zacks Investment Research raised Twitter from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Thursday, April 12th. Morgan Stanley raised Twitter from an “underweight” rating to an “equal weight” rating and set a $29.00 price target on the stock in a research report on Tuesday, April 17th. Pivotal Research dropped their price target on Twitter from $21.00 to $20.00 and set a “sell” rating on the stock in a research report on Monday, April 2nd. Vetr raised Twitter from a “buy” rating to a “strong-buy” rating and set a $35.33 target price on the stock in a research report on Monday, March 26th. Finally, UBS Group raised Twitter from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 25th.
Get Twitter alerts:Twitter traded down $4.02, hitting $42.63, during trading hours on Friday, Marketbeat.com reports. 4,501,852 shares of the company’s stock traded hands, compared to its average volume of 28,238,454. The firm has a market capitalization of $35.11 billion, a price-to-earnings ratio of 710.33, a PEG ratio of 5.72 and a beta of 0.87. Twitter has a twelve month low of $15.67 and a twelve month high of $47.79. The company has a current ratio of 10.23, a quick ratio of 10.23 and a debt-to-equity ratio of 0.33.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Wednesday, April 25th. The social networking company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.15. The firm had revenue of $665.00 million for the quarter, compared to analyst estimates of $607.56 million. Twitter had a return on equity of 2.81% and a net margin of 0.57%. Twitter’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 earnings per share. equities analysts forecast that Twitter will post 0.35 earnings per share for the current year.
In related news, Director Evan Clark Williams sold 539,027 shares of the stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $29.00, for a total transaction of $15,631,783.00. Following the completion of the sale, the director now owns 2,074,330 shares in the company, valued at approximately $60,155,570. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Robert Kaiden sold 3,676 shares of the stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $30.71, for a total value of $112,889.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,330,918 shares of company stock valued at $121,697,325. 6.62% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in TWTR. IFM Investors Pty Ltd raised its holdings in Twitter by 55.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 30,852 shares of the social networking company’s stock valued at $1,347,000 after acquiring an additional 11,007 shares in the last quarter. DnB Asset Management AS acquired a new position in Twitter in the 2nd quarter valued at approximately $3,533,000. Gulf International Bank UK Ltd raised its holdings in Twitter by 9.9% in the 2nd quarter. Gulf International Bank UK Ltd now owns 216,887 shares of the social networking company’s stock valued at $9,471,000 after acquiring an additional 19,600 shares in the last quarter. Neville Rodie & Shaw Inc. acquired a new position in Twitter in the 2nd quarter valued at approximately $312,000. Finally, Summit Trail Advisors LLC raised its holdings in Twitter by 2,102.8% in the 1st quarter. Summit Trail Advisors LLC now owns 2,146,516 shares of the social networking company’s stock valued at $2,147,000 after acquiring an additional 2,049,071 shares in the last quarter. Hedge funds and other institutional investors own 59.57% of the company’s stock.
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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