Twitter (TWTR) PT Raised to $28.00

Twitter (NYSE:TWTR) had its target price lifted by investment analysts at Wells Fargo & Co to $28.00 in a report issued on Friday. The firm currently has a “market perform” rating on the social networking company’s stock. Wells Fargo & Co’s target price points to a potential downside of 16.69% from the company’s previous close.

A number of other brokerages also recently commented on TWTR. Pivotal Research downgraded Twitter from a “hold” rating to a “sell” rating and set a $21.00 price target for the company. in a research report on Thursday, February 8th. Royal Bank of Canada raised Twitter from an “underperform” rating to a “sector perform” rating in a research report on Thursday, February 8th. Vetr downgraded Twitter from a “buy” rating to a “hold” rating and set a $28.06 price target for the company. in a research report on Monday, February 5th. Aegis raised Twitter from a “sell” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, January 16th. Finally, Citigroup increased their price target on Twitter from $25.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have issued a buy rating to the company. Twitter presently has an average rating of “Hold” and a consensus price target of $23.35.

Shares of Twitter (NYSE TWTR) traded down $0.14 on Friday, hitting $33.61. The company had a trading volume of 26,577,908 shares, compared to its average volume of 34,678,961. 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 stock has a market capitalization of $25,030.00, a P/E ratio of -224.07, a price-to-earnings-growth ratio of 10.07 and a beta of 1.14. Twitter has a one year low of $14.12 and a one year high of $35.00.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. The company had revenue of $731.60 million during the quarter, compared to the consensus estimate of $686.12 million. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. Twitter’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. sell-side analysts anticipate that Twitter will post 0.15 EPS for the current year.

In related news, Director Evan Clark Williams sold 1,982,985 shares of Twitter stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $21.12, for a total transaction of $41,880,643.20. Following the completion of the sale, the director now owns 2,401,747 shares of the company’s stock, valued at $50,724,896.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Kaiden sold 3,930 shares of Twitter stock in a transaction on Friday, December 1st. The shares were sold at an average price of $20.62, for a total value of $81,036.60. The disclosure for this sale can be found here. Insiders have sold 2,660,011 shares of company stock valued at $58,164,211 in the last three months. 10.79% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of TWTR. Coatue Management LLC boosted its stake in Twitter by 209.9% during the fourth quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock valued at $584,745,000 after buying an additional 16,496,725 shares during the period. Element Capital Management LLC bought a new stake in Twitter during the fourth quarter valued at $71,888,000. SG Americas Securities LLC lifted its stake in Twitter by 18,701.9% during the fourth quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock worth $58,081,000 after purchasing an additional 2,406,186 shares during the last quarter. Cambiar Investors LLC bought a new stake in Twitter during the fourth quarter worth about $53,753,000. Finally, Amerigo Asset Management lifted its stake in Twitter by 46.2% during the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after purchasing an additional 2,172,000 shares during the last quarter. 49.26% 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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