Twitter (NYSE:TWTR) had its target price boosted by equities research analysts at Deutsche Bank to $32.00 in a research note issued to investors on Wednesday, May 2nd. The brokerage presently has a “hold” rating on the social networking company’s stock. Deutsche Bank’s target price suggests a potential downside of 2.87% from the stock’s previous close. The analysts noted that the move was a valuation call.
Other research analysts have also issued reports about the company. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $27.13 price target on the stock in a research report on Tuesday, January 2nd. Jefferies Group reiterated a “hold” rating and set a $22.00 target price on shares of Twitter in a report on Monday, January 8th. Pivotal Research reiterated a “hold” rating and set a $21.00 target price on shares of Twitter in a report on Wednesday, January 10th. BTIG Research lifted their target price on Twitter from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Zacks Investment Research raised Twitter from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Friday, January 12th. Five research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.40.
Shares of Twitter traded up $0.49, reaching $32.95, during mid-day trading on Wednesday, according to Marketbeat Ratings. The company had a trading volume of 18,281,693 shares, compared to its average volume of 30,745,092. Twitter has a twelve month low of $32.57 and a twelve month high of $33.77. The stock has a market cap of $23.97 billion, a PE ratio of 549.09, a PEG ratio of 3.98 and a beta of 0.85. 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 released its quarterly earnings results on Wednesday, April 25th. The social networking company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.15. The firm had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $607.56 million. Twitter had a return on equity of 2.81% and a net margin of 0.57%. The business’s revenue was up 21.3% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. sell-side analysts forecast that Twitter will post 0.35 EPS for the current fiscal year.
In other Twitter news, Director Evan Clark Williams sold 546,200 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $33.36, for a total transaction of $18,221,232.00. Following the sale, the director now owns 2,218,744 shares of the company’s stock, valued at $74,017,299.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Kaiden sold 4,158 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $34.36, for a total transaction of $142,868.88. The disclosure for this sale can be found here. Insiders have sold 3,443,015 shares of company stock worth $108,576,055 in the last ninety days. Insiders own 6.62% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. bought a new position in shares of Twitter during the 1st quarter worth about $104,000. CNB Bank bought a new position in Twitter in the 4th quarter valued at about $101,000. Prime Capital Investment Advisors LLC lifted its position in Twitter by 394.6% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 4,575 shares of the social networking company’s stock valued at $133,000 after acquiring an additional 3,650 shares in the last quarter. Avestar Capital LLC bought a new position in Twitter in the 4th quarter valued at about $103,000. Finally, We Are One Seven LLC bought a new position in Twitter in the 4th quarter valued at about $128,000. 55.01% of the stock is currently owned by institutional investors.
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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