Twitter (TWTR) Raised to Buy at Aegis

Twitter (NYSE:TWTR) was upgraded by equities researchers at Aegis from a “sell” rating to a “buy” rating in a report released on Tuesday, The Fly reports.

A number of other research analysts also recently commented on the stock. Jefferies Group reaffirmed a “hold” rating and set a $16.00 price objective on shares of Twitter in a research note on Thursday, September 28th. BidaskClub downgraded shares of Twitter from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 price objective on shares of Twitter in a research note on Monday, October 2nd. KeyCorp reaffirmed a “hold” rating on shares of Twitter in a research note on Wednesday, October 4th. Finally, Vetr downgraded shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 price objective for the company. in a research note on Wednesday, October 4th. Ten analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have given a buy rating to the stock. Twitter currently has a consensus rating of “Hold” and an average price target of $19.13.

Twitter (NYSE:TWTR) opened at $25.50 on Tuesday. Twitter has a one year low of $14.12 and a one year high of $25.85. The firm has a market cap of $18,870.00, a PE ratio of -50.00, a P/E/G ratio of 11.08 and a beta of 1.11. 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 announced its earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $586.22 million. During the same quarter in the previous year, the company posted $0.09 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. equities analysts expect that Twitter will post 0.02 earnings per share for the current fiscal year.

In other news, insider Robert Kaiden sold 5,926 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $19.51, for a total transaction of $115,616.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Evan Clark Williams sold 18,347 shares of the stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $24.27, for a total value of $445,281.69. Following the transaction, the director now owns 2,328,359 shares of the company’s stock, valued at $56,509,272.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,335,712 shares of company stock valued at $113,614,151. 9.18% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in shares of Twitter by 2.3% during the 2nd quarter. Nordea Investment Management AB now owns 19,027 shares of the social networking company’s stock valued at $340,000 after acquiring an additional 422 shares in the last quarter. Comerica Bank raised its position in shares of Twitter by 1.8% during the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after acquiring an additional 489 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Twitter by 0.5% during the 2nd quarter. D.A. Davidson & CO. now owns 177,086 shares of the social networking company’s stock valued at $3,164,000 after acquiring an additional 885 shares in the last quarter. Linscomb & Williams Inc. raised its position in shares of Twitter by 6.6% during the 2nd quarter. Linscomb & Williams Inc. now owns 19,384 shares of the social networking company’s stock valued at $346,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of Twitter by 11.6% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 11,943 shares of the social networking company’s stock valued at $213,000 after acquiring an additional 1,243 shares in the last quarter. Institutional investors own 50.69% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Twitter (NYSE:TWTR)

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