Vetr upgraded shares of Twitter (NYSE:TWTR) from a buy rating to a strong-buy rating in a research report released on Tuesday morning. They currently have $35.33 price objective on the social networking company’s stock.
A number of other brokerages also recently commented on TWTR. Summit Redstone started coverage on Twitter in a research report on Monday, December 18th. They set a buy rating and a $26.00 price objective for the company. Jefferies Group reissued a hold rating and set a $22.00 price objective on shares of Twitter in a research report on Monday, January 8th. Wedbush set a $18.00 price objective on Twitter and gave the stock a hold rating in a research report on Monday, February 5th. Citigroup boosted their target price on Twitter from $25.00 to $32.00 and gave the stock a neutral rating in a research note on Wednesday, February 7th. They noted that the move was a valuation call. Finally, MKM Partners boosted their target price on Twitter from $18.00 to $21.50 and gave the stock a neutral rating in a research note on Thursday, November 30th. Eight equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Twitter has a consensus rating of Hold and a consensus target price of $23.54.
Twitter (NYSE TWTR) opened at $31.03 on Tuesday. Twitter has a 52-week low of $14.12 and a 52-week high of $36.80. The company has a market capitalization of $24,577.11, a PE ratio of -193.94, a PEG ratio of 8.76 and a beta of 0.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 9.12 and a current ratio of 9.12.
In other news, Director Evan Clark Williams sold 546,200 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $24.29, for a total transaction of $13,267,198.00. Following the completion of the sale, the director now owns 2,328,359 shares in the company, valued at $56,555,840.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $23.28, for a total value of $349,200.00. The disclosure for this sale can be found here. Insiders have sold 2,282,379 shares of company stock valued at $70,559,388 in the last 90 days. Company insiders own 10.79% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in TWTR. CNB Bank purchased a new stake in shares of Twitter during the fourth quarter worth approximately $101,000. Avestar Capital LLC purchased a new stake in shares of Twitter during the fourth quarter worth approximately $103,000. Balentine LLC raised its stake in shares of Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after purchasing an additional 3,167 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of Twitter during the fourth quarter worth approximately $128,000. Finally, Staley Capital Advisers Inc. acquired a new position in Twitter during the third quarter worth $173,000. Institutional investors and hedge funds own 54.65% of the company’s stock.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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