Twitter (TWTR) Price Target Raised to $28.00 at BMO Capital Markets

Twitter (NYSE:TWTR) had its price objective upped by analysts at BMO Capital Markets to $28.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm presently has a “market perform” rating on the social networking company’s stock. BMO Capital Markets’ price target points to a potential downside of 11.14% from the stock’s previous close.

A number of other research analysts also recently issued reports on TWTR. BidaskClub upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Canaccord Genuity reiterated a “hold” rating and set a $15.00 target price on shares of Twitter in a research report on Friday, October 20th. Wedbush set a $16.00 target price on shares of Twitter and gave the company a “hold” rating in a research report on Monday, October 23rd. Cantor Fitzgerald reiterated a “hold” rating and set a $16.00 target price on shares of Twitter in a research report on Monday, October 23rd. Finally, Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 target price on the stock in a research report on Monday, October 23rd. Eight equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.79.

Twitter (TWTR) opened at $31.51 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. Twitter has a 1 year low of $14.12 and a 1 year high of $35.00. The stock has a market cap of $23,405.43, a price-to-earnings ratio of -196.94, a P/E/G ratio of 13.74 and a beta of 1.14.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.79%. The company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $686.12 million. During the same quarter in the previous year, the company earned $0.11 EPS. Twitter’s quarterly revenue was up 2.0% compared to the same quarter last year. research analysts expect that Twitter will post 0.11 earnings per share for the current fiscal year.

In other news, insider Robert Kaiden sold 12,734 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $24.99, for a total value of $318,222.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan Clark Williams sold 1,982,985 shares of the company’s 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 approximately $50,724,896.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,225,011 shares of company stock valued at $69,509,411. Company insiders own 9.18% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP grew its position in Twitter by 5.3% during the third quarter. First Trust Advisors LP now owns 7,633,764 shares of the social networking company’s stock valued at $128,782,000 after buying an additional 385,181 shares during the period. Amerigo Asset Management grew its position 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 valued at $115,997,000 after buying an additional 2,172,000 shares during the period. Contrarius Investment Management Ltd grew its position in Twitter by 1.3% during the third quarter. Contrarius Investment Management Ltd now owns 5,624,420 shares of the social networking company’s stock valued at $94,884,000 after buying an additional 71,372 shares during the period. Pictet Asset Management Ltd. lifted its holdings in Twitter by 99.6% during the third quarter. Pictet Asset Management Ltd. now owns 3,551,209 shares of the social networking company’s stock valued at $59,909,000 after purchasing an additional 1,771,623 shares during the last quarter. Finally, Key Square Capital Management LLC lifted its holdings in Twitter by 178.3% during the fourth quarter. Key Square Capital Management LLC now owns 3,367,882 shares of the social networking company’s stock valued at $80,863,000 after purchasing an additional 2,157,882 shares during the last quarter. Institutional investors own 49.26% of the company’s stock.

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Twitter Company Profile

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.

The Fly

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