Twitter (NYSE:TWTR) Given “Neutral” Rating at MKM Partners

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.

Twitter (NYSE:TWTR) last released its earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The company had revenue of $841.40 million during the quarter, compared to analyst estimates of $828.07 million. Twitter had a return on equity of 7.93% and a net margin of 71.46%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, analysts expect that Twitter will post 2.06 earnings per share for the current fiscal year.

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.

Further Reading: What is the Fibonacci sequence?

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.