Wedbush Reiterates “$37.00” Price Target for Twitter (TWTR)

Wedbush set a $37.00 price target on Twitter (NYSE:TWTR) in a report released on Friday. The brokerage currently has a hold rating on the social networking company’s stock.

Several other equities research analysts have also recently weighed in on TWTR. Zacks Investment Research cut Twitter from a strong-buy rating to a hold rating in a research report on Monday, October 29th. Pivotal Research restated a hold rating and issued a $28.00 target price on shares of Twitter in a research note on Thursday, October 25th. Summit Insights lowered Twitter from a buy rating to a hold rating in a research note on Friday. Goldman Sachs Group restated a buy rating and issued a $36.00 target price on shares of Twitter in a research note on Friday. Finally, UBS Group upgraded Twitter from a market perform rating to an outperform rating in a research note on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Twitter has an average rating of Hold and a consensus target price of $35.13.

TWTR opened at $30.01 on Friday. Twitter has a 1-year low of $26.19 and a 1-year high of $47.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.69 and a quick ratio of 4.61. The company has a market capitalization of $22.85 billion, a PE ratio of 54.56, a price-to-earnings-growth ratio of 5.01 and a beta of 0.43.



Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, February 7th. The social networking company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.15. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The company had revenue of $908.84 million during the quarter, compared to analysts’ expectations of $864.87 million. During the same period in the prior year, the business earned $0.19 earnings per share. Twitter’s revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, sell-side analysts predict that Twitter will post 0.52 EPS for the current year.

In other news, CFO Ned D. Segal sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $32.16, for a total value of $192,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael Montano sold 1,250 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $30.20, for a total value of $37,750.00. The disclosure for this sale can be found here. Insiders have sold 7,075,100 shares of company stock valued at $227,040,779 over the last quarter. Corporate insiders own 6.62% of the company’s stock.

Several large investors have recently made changes to their positions in TWTR. Oregon Public Employees Retirement Fund increased its stake in shares of Twitter by 2,245.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,309,218 shares of the social networking company’s stock valued at $150,000 after buying an additional 4,125,455 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Twitter by 820.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 3,307,199 shares of the social networking company’s stock valued at $95,042,000 after buying an additional 2,948,050 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Twitter in the third quarter valued at $67,655,000. Vanguard Group Inc increased its stake in shares of Twitter by 2.7% in the third quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after buying an additional 1,830,649 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Twitter by 2.7% in the third quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after buying an additional 1,830,649 shares in the last quarter. Institutional investors own 64.07% 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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