J P Morgan Chase & Co Increases Twitter, Inc. (TWTR) Price Target to $20.00
Twitter, Inc. (NYSE:TWTR) had its target price raised by investment analysts at J P Morgan Chase & Co from $16.00 to $20.00 in a research note issued on Monday. The firm currently has a “neutral” rating on the social networking company’s stock. J P Morgan Chase & Co’s price target would indicate a potential downside of 7.75% from the company’s previous close.
Several other brokerages have also weighed in on TWTR. Wells Fargo & Company raised their target price on Twitter from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday. BidaskClub raised Twitter from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. BMO Capital Markets restated a “hold” rating and set a $17.00 price target on shares of Twitter in a research note on Sunday, July 16th. Stifel Nicolaus upgraded Twitter from a “sell” rating to a “hold” rating and raised their price target for the stock from $12.00 to $17.00 in a research note on Thursday. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $18.00 price target (up previously from $16.00) on shares of Twitter in a research note on Friday. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.84.
Twitter (NYSE:TWTR) traded up 0.023% during trading on Monday, reaching $21.685. The company’s stock had a trading volume of 10,005,532 shares. The stock has a 50 day moving average price of $17.85 and a 200 day moving average price of $17.49. The stock’s market capitalization is $15.89 billion. Twitter has a 1-year low of $14.12 and a 1-year high of $21.96.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative return on equity of 1.22% and a negative net margin of 15.08%. Twitter’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. Analysts anticipate that Twitter will post $0.34 earnings per share for the current fiscal year.
In related news, insider Robert Kaiden sold 7,775 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $16.28, for a total transaction of $126,577.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $18.19, for a total value of $272,850.00. The disclosure for this sale can be found here. Insiders sold 1,759,445 shares of company stock valued at $30,631,777 in the last 90 days. Corporate insiders own 9.18% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Proficio Capital Partners acquired a new position in Twitter during the fourth quarter worth $26,000. Mosaic Family Wealth LLC increased its position in Twitter by 14.2% during the first quarter. Mosaic Family Wealth LLC now owns 7,034 shares of the social networking company’s stock worth $105,000 after buying an additional 875 shares during the last quarter. Apriem Advisors increased its position in Twitter by 4.5% during the third quarter. Apriem Advisors now owns 4,650 shares of the social networking company’s stock worth $107,000 after buying an additional 200 shares during the last quarter. Advisory Services Network LLC acquired a new position in Twitter during the first quarter worth $107,000. Finally, Integrated Investment Consultants LLC increased its position in Twitter by 85.9% during the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock worth $113,000 after buying an additional 3,099 shares during the last quarter. 49.50% of the stock is currently owned by hedge funds and other institutional investors.
Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
Receive News & Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related companies with MarketBeat.com's FREE daily email newsletter.