Twitter (TWTR) PT Raised to $36.00 at JPMorgan Chase & Co.

Twitter (NYSE:TWTR) had its price objective lifted by stock analysts at JPMorgan Chase & Co. to $36.00 in a research note issued on Friday. The firm presently has an “overweight” rating on the social networking company’s stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 14.25% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Cantor Fitzgerald reiterated a “hold” rating and issued a $16.00 target price on shares of Twitter in a research note on Monday, October 23rd. Wells Fargo & Co lifted their target price on shares of Twitter to $28.00 and gave the company a “market perform” rating in a research note on Friday. Argus lifted their target price on shares of Twitter to $40.00 and gave the company a “buy” rating in a research note on Friday. They noted that the move was a valuation call. Robert W. Baird lifted their target price on shares of Twitter from $20.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Canaccord Genuity lifted their target price on shares of Twitter from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Friday. Ten equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.38.

Twitter (NYSE:TWTR) traded up $1.33 during trading hours on Friday, hitting $31.51. 67,092,605 shares of the stock were exchanged, compared to its average volume of 30,400,000. Twitter has a 52 week low of $14.12 and a 52 week high of $35.00. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $23,410.00, a PE ratio of -210.07, a P/E/G ratio of 11.73 and a beta of 1.14.

Twitter (NYSE:TWTR) last posted its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The company had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. Twitter’s quarterly revenue was up 2.0% compared to the same quarter last year. analysts anticipate that Twitter will post 0.02 earnings per share for the current fiscal year.

In other Twitter news, insider Robert Kaiden sold 12,734 shares of Twitter stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $24.99, for a total transaction of $318,222.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Evan Clark Williams sold 546,200 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $24.29, for a total transaction of $13,267,198.00. Following the completion of the transaction, the director now directly 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. Insiders have sold a total of 3,225,011 shares of company stock valued at $69,509,411 in the last ninety days. Company insiders own 10.79% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Balentine LLC grew its holdings in shares of Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after buying an additional 3,167 shares during the period. Toronto Dominion Bank grew its holdings 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 buying an additional 1,333 shares during the period. Malaga Cove Capital LLC acquired a new position in shares of Twitter in the 3rd quarter valued at $154,000. Staley Capital Advisers Inc. acquired a new position in shares of Twitter in the 3rd quarter valued at $173,000. Finally, Berkshire Asset Management LLC PA acquired a new position in shares of Twitter in the 3rd quarter valued at $184,000. 50.12% of the stock is owned by institutional investors.

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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.

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