Twitter (TWTR) Upgraded at J P Morgan Chase & Co
Twitter (NYSE:TWTR) was upgraded by stock analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a note issued to investors on Monday, Marketbeat reports. The brokerage currently has a $27.00 price objective on the social networking company’s stock, up from their prior price objective of $20.00. J P Morgan Chase & Co’s target price indicates a potential upside of 9.40% from the company’s current price.
Several other research firms have also recently commented on TWTR. Vetr cut shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $25.02 price target on the stock. in a research note on Friday. Canaccord Genuity increased their price target on shares of Twitter from $15.00 to $19.00 and gave the company a “hold” rating in a research note 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 target on the stock in a research note on Tuesday, October 31st. MKM Partners increased their price target on shares of Twitter from $18.00 to $21.50 and gave the company a “neutral” rating in a research note on Thursday, November 30th. Finally, Evercore ISI began coverage on shares of Twitter in a research note on Tuesday, December 5th. They set an “in-line” rating and a $21.00 price target on the stock. They noted that the move was a valuation call. Twelve equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Twitter currently has an average rating of “Hold” and a consensus target price of $18.39.
Twitter (NYSE:TWTR) traded up $2.45 during midday trading on Monday, hitting $24.68. 48,506,629 shares of the stock traded hands, compared to its average volume of 17,567,529. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter has a 12 month low of $14.12 and a 12 month high of $24.74.
Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $590.00 million during the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The company’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. equities analysts predict that Twitter will post 0.02 earnings per share for the current year.
In other Twitter news, CAO Robert Kaiden sold 6,574 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $20.59, for a total value of $135,358.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Evan Clark Williams sold 18,347 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $21.66, for a total transaction of $397,396.02. Following the completion of the sale, the director now owns 2,365,053 shares in the company, valued at $51,227,047.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,504,977 shares of company stock worth $112,609,309. Insiders own 10.79% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC acquired a new stake in Twitter in the third quarter worth $200,000. Public Employees Retirement System of Ohio raised its holdings in Twitter by 2.7% in the third quarter. Public Employees Retirement System of Ohio now owns 291,667 shares of the social networking company’s stock worth $4,920,000 after purchasing an additional 7,640 shares during the period. Cetera Advisors LLC acquired a new stake in Twitter in the third quarter worth $250,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Twitter by 2.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 171,279 shares of the social networking company’s stock worth $2,890,000 after purchasing an additional 4,364 shares during the period. Finally, Balentine LLC raised its holdings in Twitter by 86.6% in the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after purchasing an additional 3,167 shares during the period. 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.
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