Twitter (TWTR) Lifted to “Outperform” at MED

Twitter (NYSE:TWTR) was upgraded by MED from a “market perform” rating to an “outperform” rating in a report issued on Friday, The Fly reports. The firm currently has a $37.00 price target on the social networking company’s stock. MED’s target price would suggest a potential upside of 14.34% from the company’s current price.

Several other research firms have also recently weighed in on TWTR. Zacks Investment Research cut Twitter from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 target price on shares of Twitter in a report on Friday, July 27th. Deutsche Bank upped their target price on Twitter from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Nomura upgraded Twitter from a “reduce” rating to a “neutral” rating and reduced their target price for the company from $31.75 to $31.00 in a report on Tuesday, July 31st. Finally, Wells Fargo & Co reduced their target price on Twitter from $42.00 to $32.00 and set an “in-line” rating on the stock in a report on Monday, July 30th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Twitter has an average rating of “Hold” and an average price target of $34.44.

NYSE:TWTR opened at $32.36 on Friday. The stock has a market cap of $24.52 billion, a PE ratio of 80.90, a PEG ratio of 4.16 and a beta of 0.75. The company has a current ratio of 4.61, a quick ratio of 11.00 and a debt-to-equity ratio of 0.27. Twitter has a 1-year low of $19.26 and a 1-year high of $47.79.



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

In other news, VP Matthew Derella sold 15,098 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $31.95, for a total transaction of $482,381.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Kaiden sold 2,315 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $32.26, for a total value of $74,681.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,145,001 shares of company stock worth $126,323,836. Insiders own 10.79% of the company’s stock.

Several large investors have recently modified their holdings of the company. First Trust Advisors LP raised its position in shares of 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 worth $296,012,000 after purchasing an additional 1,616,515 shares during the period. Northern Trust Corp raised its position in shares of Twitter by 42.8% during the second quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock worth $449,336,000 after purchasing an additional 3,084,415 shares during the period. Legal & General Group Plc raised its position in shares of Twitter by 4.8% during the second quarter. Legal & General Group Plc now owns 2,918,801 shares of the social networking company’s stock worth $127,464,000 after purchasing an additional 133,266 shares during the period. ARK Investment Management LLC raised its position in shares of Twitter by 2.3% during the second quarter. ARK Investment Management LLC now owns 2,757,845 shares of the social networking company’s stock worth $120,435,000 after purchasing an additional 60,849 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of Twitter during the second quarter worth approximately $118,445,000. 64.78% of the stock is currently owned by institutional investors.

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.

Featured Story: What are the benefits of buying treasury bonds?

The Fly

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