Twitter (TWTR) Upgraded to Strong-Buy by Vetr

Twitter (NYSE:TWTR) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday. The brokerage presently has a $27.61 price target on the social networking company’s stock. Vetr‘s price objective would indicate a potential upside of 12.42% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Cantor Fitzgerald restated a “hold” rating and set a $16.00 price objective on shares of Twitter in a research report on Monday, October 23rd. BidaskClub upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Canaccord Genuity restated a “hold” rating and set a $15.00 price objective on shares of Twitter in a research report on Friday, October 20th. Barclays boosted their price objective on shares of Twitter from $16.00 to $18.00 and gave the stock an “underweight” rating in a research report on Friday, October 27th. Finally, Citigroup upgraded shares of Twitter from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $19.90 to $20.00 in a research report on Monday, November 6th. Ten investment analysts have rated the stock with a sell rating, twenty have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Twitter currently has an average rating of “Hold” and an average target price of $19.62.

Twitter (NYSE:TWTR) traded down $0.10 during midday trading on Wednesday, reaching $24.56. 17,013,353 shares of the company’s stock traded hands, compared to its average volume of 18,420,000. 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 has a 12 month low of $14.12 and a 12 month high of $25.85. The firm has a market cap of $18,240.00, a PE ratio of -48.16, a PEG ratio of 11.08 and a beta of 1.11.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $590.00 million during the quarter, compared to analysts’ expectations of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. sell-side 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 company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $20.59, for a total transaction of $135,358.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan Clark Williams sold 546,200 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $24.29, for a total transaction of $13,267,198.00. Following the transaction, the director now owns 2,328,359 shares of the company’s stock, valued at approximately $56,555,840.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,320,712 shares of company stock valued at $113,341,301. 9.18% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its stake in shares of Twitter by 10.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,308,816 shares of the social networking company’s stock worth $31,425,000 after purchasing an additional 125,571 shares during the period. National Pension Service acquired a new position in shares of Twitter during the 4th quarter worth $18,170,000. NEXT Financial Group Inc grew its stake in shares of Twitter by 15.6% during the 4th quarter. NEXT Financial Group Inc now owns 21,600 shares of the social networking company’s stock worth $519,000 after purchasing an additional 2,915 shares during the period. Bristol Advisors LLC acquired a new position in shares of Twitter during the 4th quarter worth $1,801,000. Finally, Rockland Trust Co. acquired a new position in shares of Twitter during the 4th quarter worth $219,000. 50.69% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

Analyst Recommendations for Twitter (NYSE:TWTR)

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