Twitter, Inc. (NYSE:TWTR) had its target price hoisted by analysts at BMO Capital Markets from $17.00 to $22.00 in a note issued to investors on Friday, October 27th. The brokerage currently has a “market perform” rating on the social networking company’s stock. BMO Capital Markets’ price target points to a potential upside of 9.07% from the stock’s previous close.
Several other brokerages have also recently weighed in on TWTR. Susquehanna Bancshares Inc upped their price target on Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Robert W. Baird raised their target price on Twitter to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Vetr cut Twitter from a “strong-buy” rating to a “hold” rating and set a $19.88 price objective on the stock. in a research report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) set a $26.00 price target on Twitter and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, UBS AG raised Twitter from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $14.00 to $21.00 in a research note on Friday, October 27th. Twelve equities research 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 given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.67.
Shares of Twitter (NYSE:TWTR) traded down $0.15 during trading on Friday, hitting $20.17. The stock had a trading volume of 11,804,900 shares, compared to its average volume of 17,602,658. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter has a 12 month low of $14.12 and a 12 month high of $21.96.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $590.00 million during the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. Twitter’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. analysts predict that Twitter will post 0.02 EPS for the current fiscal year.
In other Twitter news, Director Evan Clark Williams sold 9,173 shares of Twitter stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $16.91, for a total value of $155,115.43. Following the sale, the director now owns 2,692,230 shares of the company’s stock, valued at approximately $45,525,609.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $16.07, for a total value of $241,050.00. The disclosure for this sale can be found here. Insiders sold 3,621,445 shares of company stock worth $71,079,281 over the last three months. Insiders own 9.18% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC lifted its stake in shares of Twitter by 522.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 90,002 shares of the social networking company’s stock worth $1,518,000 after purchasing an additional 75,536 shares during the period. Janus Henderson Group PLC boosted its stake in Twitter by 67.2% in the 3rd quarter. Janus Henderson Group PLC now owns 146,844 shares of the social networking company’s stock worth $2,478,000 after purchasing an additional 59,014 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of Twitter during the 3rd quarter valued at $1,571,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Twitter in the 3rd quarter valued at $1,346,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Twitter in the 3rd quarter valued at $641,000. Institutional investors own 49.71% of the company’s stock.
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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