Twitter (NYSE:TWTR)‘s stock had its “neutral” rating reiterated by MKM Partners in a note issued to investors on Friday, BenzingaRatingsTable reports. They presently have a $44.00 target price on the social networking company’s stock. MKM Partners’ target price points to a potential upside of 12.85% from the stock’s previous close.
Other analysts have also issued research reports about the company. Rosenblatt Securities began coverage on Twitter in a report on Tuesday, July 23rd. They issued a “neutral” rating and a $38.00 target price for the company. Nomura increased their target price on Twitter from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Citigroup set a $45.00 target price on Twitter and gave the company a “hold” rating in a report on Friday, September 6th. Cascend Securities increased their target price on Twitter from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Morgan Stanley reduced their target price on Twitter from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $41.19.
TWTR opened at $38.99 on Friday. The stock has a fifty day moving average of $41.86 and a 200-day moving average of $38.83. The firm has a market capitalization of $30.62 billion, a P/E ratio of 70.89, a PEG ratio of 0.82 and a beta of 0.59. Twitter has a 12-month low of $26.26 and a 12-month high of $45.85. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.29.
In other Twitter news, insider Michael Montano sold 1,250 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $36.95, for a total transaction of $46,187.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David S. Rosenblatt sold 40,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $40.04, for a total value of $1,601,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,337 shares of company stock valued at $5,819,800. 2.65% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of TWTR. Resources Investment Advisors LLC. bought a new position in Twitter during the second quarter valued at about $30,000. Ellevest Inc. raised its holdings in Twitter by 4,150.0% during the second quarter. Ellevest Inc. now owns 850 shares of the social networking company’s stock valued at $30,000 after buying an additional 830 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Twitter by 74,500.0% during the third quarter. Wealthcare Advisory Partners LLC now owns 746 shares of the social networking company’s stock valued at $31,000 after buying an additional 745 shares in the last quarter. Whittier Trust Co. raised its holdings in Twitter by 77.9% during the third quarter. Whittier Trust Co. now owns 747 shares of the social networking company’s stock valued at $31,000 after buying an additional 327 shares in the last quarter. Finally, Truvestments Capital LLC raised its holdings in Twitter by 55.7% during the third quarter. Truvestments Capital LLC now owns 836 shares of the social networking company’s stock valued at $34,000 after buying an additional 299 shares in the last quarter. Institutional investors own 69.22% 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, a platform 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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