Twitter (TWTR) Rating Repeats by Wedbush

Twitter (TWTR) Rating Repeats by Wedbush

Twitter (NYSE:TWTR)‘s stock had its “neutral” rating reiterated by research analysts at Wedbush in a report released on Monday.

Several other equities analysts have also issued reports on TWTR. Deutsche Bank dropped their price objective on Twitter from $33.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, October 23rd. Summit Insights downgraded shares of Twitter from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded shares of Twitter from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 29th. Aegis increased their target price on shares of Twitter from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. Finally, Barclays increased their target price on shares of Twitter from $24.00 to $27.00 and gave the stock an “underweight” rating in a research note on Friday, October 26th. Two analysts have rated the stock with a sell rating, twenty have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Twitter has an average rating of “Hold” and a consensus target price of $35.13.

NYSE:TWTR opened at $30.01 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 4.61 and a current ratio of 4.69. Twitter has a 52 week low of $26.19 and a 52 week high of $47.79. The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 54.56, a PEG ratio of 5.01 and a beta of 0.43.

Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, February 7th. The social networking company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.15. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The company had revenue of $908.84 million for the quarter, compared to analysts’ expectations of $864.87 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The firm’s revenue was up 24.2% compared to the same quarter last year. As a group, analysts anticipate that Twitter will post 0.52 EPS for the current fiscal year.

In other news, VP Michael Montano sold 1,250 shares of Twitter stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $30.20, for a total transaction of $37,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $36.08, for a total transaction of $24,615,291.36. Following the sale, the director now owns 1,313,894 shares of the company’s stock, valued at $47,405,295.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,075,100 shares of company stock valued at $227,040,779. 6.62% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Barings LLC grew its stake in Twitter by 1.9% in the 4th quarter. Barings LLC now owns 22,618 shares of the social networking company’s stock worth $650,000 after acquiring an additional 418 shares during the period. We Are One Seven LLC grew its stake in Twitter by 4.8% in the 4th quarter. We Are One Seven LLC now owns 11,305 shares of the social networking company’s stock worth $324,000 after acquiring an additional 520 shares during the period. Rehmann Capital Advisory Group grew its stake in Twitter by 50.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,834 shares of the social networking company’s stock worth $52,000 after acquiring an additional 613 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in Twitter by 0.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 87,000 shares of the social networking company’s stock worth $2,500,000 after acquiring an additional 663 shares during the period. Finally, Utah Retirement Systems grew its stake in Twitter by 0.5% in the 4th quarter. Utah Retirement Systems now owns 132,200 shares of the social networking company’s stock worth $3,800,000 after acquiring an additional 700 shares during the period. 64.38% of the stock is owned by institutional investors and hedge funds.

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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