MKM Partners upgraded shares of Twitter (NYSE:TWTR) from a neutral rating to a buy rating in a report published on Friday morning, MarketBeat Ratings reports. They currently have $40.00 price target on the social networking company’s stock.
TWTR has been the topic of several other research reports. Aegis raised Twitter from a sell rating to a buy rating and set a $30.00 price objective on the stock in a report on Tuesday, January 16th. Vetr lowered Twitter from a strong-buy rating to a buy rating and set a $26.90 price objective on the stock. in a report on Wednesday, January 3rd. Robert W. Baird lifted their price objective on Twitter from $20.00 to $33.00 and gave the stock a neutral rating in a report on Friday, February 9th. Canaccord Genuity lifted their price objective on Twitter from $21.00 to $25.00 and gave the stock a hold rating in a report on Friday, February 9th. Finally, SunTrust Banks lifted their price objective on Twitter to $29.00 and gave the stock a hold rating in a report on Friday, February 9th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Twitter has a consensus rating of Hold and a consensus price target of $24.60.
NYSE TWTR traded up $0.37 during trading on Friday, hitting $31.91. The company’s stock had a trading volume of 34,785,522 shares, compared to its average volume of 26,589,432. The company has a quick ratio of 9.12, a current ratio of 9.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $23,683.53, a P/E ratio of 531.83, a P/E/G ratio of 8.57 and a beta of 0.86. Twitter has a 52 week low of $14.41 and a 52 week high of $36.80.
In other news, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $23.28, for a total transaction of $349,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $22.33, for a total value of $409,688.51. Following the sale, the director now owns 2,254,971 shares of the company’s stock, valued at approximately $50,353,502.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,791,755 shares of company stock valued at $88,096,879. Corporate insiders own 10.79% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in TWTR. Dimensional Fund Advisors LP raised its position in shares of Twitter by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,709,001 shares of the social networking company’s stock worth $28,831,000 after acquiring an additional 102,413 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Twitter during the third quarter worth $1,346,000. Janus Henderson Group PLC raised its position in shares of Twitter by 67.2% during the third quarter. Janus Henderson Group PLC now owns 146,844 shares of the social networking company’s stock worth $2,478,000 after acquiring an additional 59,014 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Twitter by 2.7% during the third quarter. Public Employees Retirement System of Ohio now owns 291,667 shares of the social networking company’s stock worth $4,920,000 after acquiring an additional 7,640 shares during the last quarter. Finally, DnB Asset Management AS raised its position in shares of Twitter by 20.5% during the fourth quarter. DnB Asset Management AS now owns 66,500 shares of the social networking company’s stock worth $1,597,000 after acquiring an additional 11,300 shares during the last quarter. Institutional investors own 54.69% of the company’s stock.
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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