Twitter, Inc. (NYSE:TWTR) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday. They currently have a $24.17 price objective on the social networking company’s stock. Vetr‘s target price would indicate a potential upside of 10.47% from the stock’s previous close.

A number of other research analysts also recently issued reports on TWTR. Barclays PLC restated a “sell” rating and issued a $16.00 price target on shares of Twitter in a research report on Friday, July 28th. Argus upgraded shares of Twitter from a “hold” rating to a “buy” rating and raised their price target for the stock from $19.71 to $25.00 in a research report on Friday, November 3rd. Wedbush set a $16.00 price target on shares of Twitter and gave the stock a “hold” rating in a research report on Monday, October 23rd. Susquehanna Bancshares Inc raised their price target on shares of Twitter from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, August 2nd. Twelve research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.70.

Twitter (NYSE:TWTR) traded up $0.75 on Tuesday, reaching $21.88. 18,301,305 shares of the company were exchanged, compared to its average volume of 17,506,727. Twitter has a 1-year low of $14.12 and a 1-year high of $21.96. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm had revenue of $590.00 million for the quarter, compared to the consensus estimate of $586.22 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. equities analysts forecast that Twitter will post 0.02 earnings per share for the current year.

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In other news, Director Evan Clark Williams sold 9,173 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $16.91, for a total value of $155,115.43. Following the sale, the director now owns 2,692,230 shares in the company, valued at approximately $45,525,609.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Kaiden sold 3,805 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $16.81, for a total transaction of $63,962.05. The disclosure for this sale can be found here. Insiders sold a total of 4,171,445 shares of company stock worth $82,183,431 in the last three months. Insiders own 9.18% of the company’s stock.

Several large investors have recently modified their holdings of the company. Rothschild Asset Management Inc. boosted its stake in shares of Twitter by 0.4% in the 2nd quarter. Rothschild Asset Management Inc. now owns 35,078 shares of the social networking company’s stock valued at $627,000 after purchasing an additional 151 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Twitter by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 19,027 shares of the social networking company’s stock valued at $340,000 after purchasing an additional 422 shares in the last quarter. Comerica Bank boosted its stake in shares of Twitter by 1.8% in the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after purchasing an additional 489 shares in the last quarter. Lincoln National Corp boosted its stake in shares of Twitter by 5.1% in the 2nd quarter. Lincoln National Corp now owns 16,200 shares of the social networking company’s stock valued at $289,000 after purchasing an additional 785 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its position in Twitter by 3.4% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 24,015 shares of the social networking company’s stock worth $429,000 after buying an additional 800 shares in the last quarter. Institutional investors own 49.75% of the company’s stock.

About Twitter

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Twitter (NYSE:TWTR)

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