Twitter (TWTR) Stock Rating Upgraded by Oppenheimer

Oppenheimer upgraded shares of Twitter (NYSE:TWTR) from a market perform rating to an outperform rating in a report published on Friday morning, Marketbeat.com reports. They currently have $37.00 target price on the social networking company’s stock.

Several other research analysts have also issued reports on TWTR. Zacks Investment Research lowered Twitter from a strong-buy rating to a hold rating in a research report on Saturday, June 30th. Wells Fargo & Co reaffirmed a market perform rating and set a $42.00 target price (up from $32.00) on shares of Twitter in a research report on Tuesday, July 3rd. Cleveland Research set a $46.00 target price on Twitter and gave the company a hold rating in a research report on Tuesday, July 10th. Bank of America set a $27.00 target price on Twitter and gave the company a sell rating in a research report on Tuesday, July 10th. Finally, Nomura started coverage on Twitter in a research report on Tuesday, July 10th. They set a reduce rating and a $31.00 target price on the stock. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Twitter presently has an average rating of Hold and a consensus price target of $34.44.

TWTR opened at $32.36 on Friday. The firm has a market capitalization of $24.52 billion, a PE ratio of 539.33, a P/E/G ratio of 4.16 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 has a 12 month low of $19.26 and a 12 month high of $47.79.



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

In other news, Director Evan Clark Williams sold 682,242 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $32.59, for a total value of $22,234,266.78. Following the transaction, the director now directly owns 1,684,204 shares of the company’s stock, valued at $54,888,208.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ned D. Segal sold 6,000 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $30.44, for a total value of $182,640.00. The disclosure for this sale can be found here. Insiders sold 4,145,001 shares of company stock worth $126,323,836 over the last three months. Corporate insiders own 10.79% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Conning Inc. purchased a new stake in shares of Twitter in the third quarter worth about $278,000. Oppenheimer & Co. Inc. boosted its stake in shares of Twitter by 23.8% in the third quarter. Oppenheimer & Co. Inc. now owns 101,807 shares of the social networking company’s stock worth $2,898,000 after buying an additional 19,547 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Twitter by 8.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 86,836 shares of the social networking company’s stock worth $2,472,000 after buying an additional 7,035 shares during the last quarter. State Treasurer State of Michigan boosted its stake in shares of Twitter by 2.3% in the third quarter. State Treasurer State of Michigan now owns 914,500 shares of the social networking company’s stock worth $26,027,000 after buying an additional 20,600 shares during the last quarter. Finally, BKS Advisors LLC purchased a new stake in shares of Twitter in the third quarter worth about $320,000. Hedge funds and other institutional investors own 64.78% 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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Analyst Recommendations for Twitter (NYSE:TWTR)

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