A number of other brokerages have also recently issued reports on TWTR. ValuEngine upgraded shares of Twitter from a buy rating to a strong-buy rating in a research report on Wednesday, October 31st. Zacks Investment Research reissued a strong-buy rating and issued a $37.00 price objective on shares of Twitter in a research report on Saturday, November 17th. Aegis boosted their price objective on shares of Twitter from $40.00 to $41.00 and gave the company a buy rating in a research report on Monday, October 29th. JPMorgan Chase & Co. reissued a buy rating and issued a $44.00 price objective on shares of Twitter in a research report on Thursday, January 10th. Finally, Vertical Group raised shares of Twitter from a hold rating to a buy rating in a research report on Monday, January 28th. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $35.13.
Shares of TWTR opened at $30.23 on Monday. The company has a quick ratio of 4.61, a current ratio of 4.69 and a debt-to-equity ratio of 0.26. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 54.96, a price-to-earnings-growth ratio of 5.01 and a beta of 0.43. Twitter has a 12-month low of $26.19 and a 12-month high of $47.79.
Twitter (NYSE:TWTR) last announced its earnings results on Thursday, February 7th. The social networking company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.15. The company had revenue of $908.84 million during the quarter, compared to analysts’ expectations of $864.87 million. Twitter had a net margin of 39.63% and a return on equity of 8.08%. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. As a group, research analysts anticipate that Twitter will post 0.52 earnings per share for the current year.
In other Twitter news, insider Robert Kaiden sold 9,219 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $34.15, for a total transaction of $314,828.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael Montano sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $34.29, for a total transaction of $42,862.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,069,100 shares of company stock valued at $226,847,819. 6.62% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. Oregon Public Employees Retirement Fund grew its stake in Twitter by 2,245.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,309,218 shares of the social networking company’s stock worth $150,000 after buying an additional 4,125,455 shares during the period. Canada Pension Plan Investment Board grew its stake in Twitter by 820.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,307,199 shares of the social networking company’s stock worth $95,042,000 after buying an additional 2,948,050 shares during the period. Eagle Asset Management Inc. purchased a new stake in Twitter during the third quarter worth approximately $67,655,000. Vanguard Group Inc. grew its stake in Twitter by 2.7% during the third quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock worth $1,999,474,000 after buying an additional 1,830,649 shares during the period. Finally, Vanguard Group Inc grew its stake in Twitter by 2.7% during the third quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock worth $1,999,474,000 after buying an additional 1,830,649 shares during the period. Institutional investors own 64.38% 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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