Twitter (TWTR) PT Raised to $27.00

Twitter (NYSE:TWTR) had its price target raised by Barclays from $24.00 to $27.00 in a research report report published on Friday morning, MarketBeat reports. Barclays currently has an underweight rating on the social networking company’s stock.

Several other research analysts have also recently commented on TWTR. Pivotal Research reiterated a hold rating and issued a $28.00 target price on shares of Twitter in a report on Thursday. Zacks Investment Research cut shares of Twitter from a strong-buy rating to a hold rating in a report on Saturday, June 30th. UBS Group upgraded shares of Twitter from a market perform rating to an outperform rating in a report on Friday. Macquarie cut shares of Twitter from an outperform rating to a neutral rating and raised their target price for the stock from $36.00 to $42.00 in a report on Wednesday, July 18th. They noted that the move was a valuation call. Finally, Wedbush reiterated a hold rating and issued a $37.00 target price on shares of Twitter in a report on Tuesday. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $34.44.

Shares of TWTR traded up $0.56 during midday trading on Friday, hitting $32.36. The stock had a trading volume of 47,705,691 shares, compared to its average volume of 27,181,652. Twitter has a fifty-two week low of $19.26 and a fifty-two week high of $47.79. The stock has a market cap of $24.10 billion, a price-to-earnings ratio of 79.50, a PEG ratio of 4.09 and a beta of 0.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.61 and a quick ratio of 11.00.



Twitter (NYSE:TWTR) last announced its earnings results on Thursday, October 25th. The social networking company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.04 by $0.17. Twitter had a net margin of 36.35% and a return on equity of 6.75%. The company had revenue of $758.11 million during the quarter, compared to analysts’ expectations of $703.57 million. Analysts anticipate that Twitter will post 0.35 earnings per share for the current year.

In related news, CFO Ned D. Segal sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $30.44, for a total transaction of $182,640.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $32.59, for a total transaction of $22,234,266.78. Following the transaction, the director now directly owns 1,684,204 shares in the company, valued at approximately $54,888,208.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,145,001 shares of company stock worth $126,323,836. Insiders own 10.79% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of TWTR. Northern Trust Corp raised its position in Twitter by 42.8% during the second quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock valued at $449,336,000 after acquiring an additional 3,084,415 shares in the last quarter. American Century Companies Inc. bought a new position in Twitter during the second quarter valued at approximately $118,445,000. First Trust Advisors LP raised its position in Twitter by 18.4% during the third quarter. First Trust Advisors LP now owns 10,400,990 shares of the social networking company’s stock valued at $296,012,000 after acquiring an additional 1,616,515 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Twitter by 76.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,460,173 shares of the social networking company’s stock valued at $107,436,000 after acquiring an additional 1,064,166 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in Twitter by 2,046.4% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,102,082 shares of the social networking company’s stock valued at $31,365,000 after acquiring an additional 1,050,737 shares in the last quarter. 64.78% of the stock is currently owned by hedge funds and other institutional investors.

About Twitter

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.

Featured Article: Analyzing a company’s cash flow statement

Analyst Recommendations for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply