Twitter (NYSE:TWTR)‘s stock had its “hold” rating reissued by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday, MarketBeat reports. They currently have a $21.00 target price on the social networking company’s stock, up from their previous target price of $17.00. Stifel Nicolaus’ target price would indicate a potential downside of 11.24% from the stock’s current price.
A number of other equities research analysts have also commented on TWTR. Jefferies Group restated a “hold” rating and set a $16.00 price objective on shares of Twitter in a report on Thursday, September 28th. BidaskClub lowered shares of Twitter from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Morgan Stanley restated an “underweight” rating and set a $10.00 price objective on shares of Twitter in a report on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of Twitter in a report on Wednesday, October 4th. Finally, Vetr lowered shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 price objective on the stock. in a report on Wednesday, October 4th. Ten research analysts have rated the stock with a sell rating, twenty have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Twitter has an average rating of “Hold” and a consensus target price of $19.73.
Twitter (TWTR) traded down $0.38 on Friday, reaching $23.66. 17,512,133 shares of the company’s stock traded hands, compared to its average volume of 18,790,000. Twitter has a 12 month low of $14.12 and a 12 month high of $25.85. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $17,570.00, a price-to-earnings ratio of -46.39, a PEG ratio of 10.48 and a beta of 1.11.
In other news, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $24.17, for a total value of $443,446.99. Following the completion of the transaction, the director now owns 2,291,665 shares of the company’s stock, valued at approximately $55,389,543.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert Kaiden sold 6,574 shares of Twitter stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $20.59, for a total transaction of $135,358.66. The disclosure for this sale can be found here. In the last three months, insiders sold 5,320,712 shares of company stock valued at $113,341,301. Insiders own 10.79% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Exane Derivatives grew its position in shares of Twitter by 18.7% in the 3rd quarter. Exane Derivatives now owns 59,516 shares of the social networking company’s stock valued at $1,004,000 after acquiring an additional 9,363 shares during the period. Toronto Dominion Bank grew its position in shares of Twitter by 21.3% in the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after acquiring an additional 1,333 shares during the period. Global X MANAGEMENT CO LLC grew its position in shares of Twitter by 16.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 835,541 shares of the social networking company’s stock valued at $14,096,000 after acquiring an additional 116,985 shares during the period. PineView Asset Management LP boosted its holdings in shares of Twitter by 179.4% during the 2nd quarter. PineView Asset Management LP now owns 799,121 shares of the social networking company’s stock worth $35,689,000 after buying an additional 513,084 shares during the period. Finally, Amerigo Asset Management boosted its holdings in shares of Twitter by 46.2% during the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after buying an additional 2,172,000 shares during the period. 50.69% of the stock is owned by institutional investors.
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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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