Twitter (TWTR) Raised to Strong-Buy at Vetr

Vetr upgraded shares of Twitter (NYSE:TWTR) from a buy rating to a strong-buy rating in a research report sent to investors on Monday. The firm currently has $27.54 target price on the social networking company’s stock.

TWTR has been the topic of several other reports. BidaskClub raised shares of Twitter from a hold rating to a buy rating in a research note on Tuesday, October 17th. Goldman Sachs Group set a $26.00 target price on shares of Twitter and gave the company a buy rating in a research note on Friday, October 27th. Argus raised shares of Twitter from a hold rating to a buy rating and boosted their target price for the company from $19.71 to $25.00 in a research note on Friday, November 3rd. Summit Redstone initiated coverage on shares of Twitter in a research note on Monday, December 18th. They set a buy rating and a $26.00 target price on the stock. Finally, Canaccord Genuity reissued a hold rating and set a $15.00 target price on shares of Twitter in a research note on Friday, October 20th. Twelve analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $18.68.

Shares of Twitter (TWTR) opened at $24.25 on Monday. The firm has a market capitalization of $18,010.00, a P/E ratio of -47.55, a price-to-earnings-growth ratio of 11.70 and a beta of 1.11. 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 52-week low of $14.12 and a 52-week high of $25.56.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $590.00 million for the quarter, compared to analysts’ expectations 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 revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. equities analysts predict that Twitter will post 0.02 EPS for the current fiscal year.

In other news, insider Robert Kaiden sold 1,186 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total transaction of $28,985.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the sale, the director now directly owns 2,530,241 shares of the company’s stock, valued at approximately $53,286,875.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,317,365 shares of company stock valued at $113,170,704. Company insiders own 9.18% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. Northern Trust Corp grew its stake in shares of Twitter by 78.3% during the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock valued at $149,215,000 after purchasing an additional 3,667,233 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Twitter by 6.2% during the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock valued at $872,704,000 after purchasing an additional 2,838,459 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Twitter during the second quarter valued at approximately $43,694,000. Amerigo Asset Management grew its stake in shares of Twitter by 46.2% during the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after purchasing an additional 2,172,000 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its stake in shares of Twitter by 99.6% during the third quarter. Pictet Asset Management Ltd. now owns 3,551,209 shares of the social networking company’s stock valued at $59,909,000 after purchasing an additional 1,771,623 shares during the last quarter. 50.69% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Twitter (NYSE:TWTR)

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