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.
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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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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