Investment analysts at Evercore ISI began coverage on shares of Twitter (NYSE:TWTR) in a report released on Tuesday. The firm set an “in-line” rating and a $21.00 price target on the social networking company’s stock. Evercore ISI’s target price indicates a potential upside of 1.11% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other brokerages also recently commented on TWTR. Wells Fargo & Company increased their price objective on shares of Twitter from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, October 31st. Stifel Nicolaus raised shares of Twitter from a “sell” rating to a “hold” rating and increased their price objective for the company from $12.00 to $17.00 in a research report on Thursday, October 26th. SunTrust Banks reissued a “hold” rating and issued a $18.00 price objective (up from $16.00) on shares of Twitter in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, BidaskClub raised shares of Twitter from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Twelve equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.99.

Shares of Twitter (NYSE TWTR) traded up $0.37 during trading hours on Tuesday, hitting $20.77. 10,645,200 shares of the company’s stock were exchanged, compared to its average volume of 17,429,033. Twitter has a 52 week low of $14.12 and a 52 week high of $22.48. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35.

Twitter (NYSE:TWTR) last announced 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 company 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 company’s quarterly revenue was down 4.2% compared to the same quarter last year. research analysts forecast that Twitter will post 0.02 earnings per share for the current year.

In other news, Director Evan Clark Williams sold 546,200 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $18.15, for a total value of $9,913,530.00. Following the completion of the sale, the director now owns 2,658,594 shares in the company, valued at approximately $48,253,481.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Kaiden sold 5,926 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $19.51, for a total transaction of $115,616.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,014,260 shares of company stock valued at $121,739,823. 9.18% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in TWTR. Dimensional Fund Advisors LP lifted its stake in shares of Twitter by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,374,710 shares of the social networking company’s stock worth $20,551,000 after acquiring an additional 42,426 shares during the period. Bank of Montreal Can lifted its stake in shares of Twitter by 60.4% in the 2nd quarter. Bank of Montreal Can now owns 95,349 shares of the social networking company’s stock worth $1,703,000 after acquiring an additional 35,911 shares during the period. Aperio Group LLC lifted its stake in shares of Twitter by 11.8% in the 2nd quarter. Aperio Group LLC now owns 88,469 shares of the social networking company’s stock worth $1,581,000 after acquiring an additional 9,305 shares during the period. Shell Asset Management Co. increased its holdings in shares of Twitter by 9.8% in the 2nd quarter. Shell Asset Management Co. now owns 39,320 shares of the social networking company’s stock valued at $703,000 after purchasing an additional 3,510 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Twitter by 58.0% in the 2nd quarter. Strs Ohio now owns 76,250 shares of the social networking company’s stock valued at $1,362,000 after purchasing an additional 27,978 shares in the last quarter. Institutional investors own 50.83% of the company’s stock.

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Twitter Company Profile

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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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