Twitter (TWTR) Upgraded to Buy by MKM Partners

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.

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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.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Twitter had a positive return on equity of 0.77% and a negative net margin of 4.42%. The company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. During the same period in the previous year, the business posted $0.11 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. sell-side analysts expect that Twitter will post 0.17 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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