Summit Insights Lowers Twitter (TWTR) to Hold

Twitter (NYSE:TWTR) was downgraded by Summit Insights from a “buy” rating to a “hold” rating in a note issued to investors on Friday, The Fly reports.

A number of other equities analysts have also weighed in on the company. Pivotal Research upgraded Twitter from a “sell” rating to a “hold” rating and reduced their price objective for the company from $26.00 to $24.00 in a research note on Friday, October 12th. Wedbush reiterated a “hold” rating and set a $37.00 price objective on shares of Twitter in a research note on Tuesday, October 23rd. Deutsche Bank reduced their price objective on Twitter from $33.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, October 23rd. UBS Group upgraded Twitter from a “market perform” rating to an “outperform” rating in a research note on Friday, October 26th. Finally, upgraded Twitter from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Friday, October 26th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.19.

TWTR traded down $1.27 on Friday, reaching $29.53. 20,429,702 shares of the stock were exchanged, compared to its average volume of 17,389,010. Twitter has a fifty-two week low of $26.19 and a fifty-two week high of $47.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 4.61 and a current ratio of 4.61. The stock has a market cap of $26.00 billion, a P/E ratio of 492.17, a P/E/G ratio of 5.70 and a beta of 0.43.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 7th. The social networking company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.15. Twitter had a return on equity of 6.75% and a net margin of 36.35%. The company had revenue of $908.84 million during the quarter, compared to analysts’ expectations of $864.87 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. Analysts predict that Twitter will post 0.47 EPS for the current fiscal year.

In other news, VP Michael Montano sold 1,250 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $30.20, for a total transaction of $37,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ned D. Segal sold 6,000 shares of the stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $32.16, for a total transaction of $192,960.00. The disclosure for this sale can be found here. Insiders sold 7,075,100 shares of company stock valued at $227,040,779 in the last 90 days. 6.62% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TWTR. Oregon Public Employees Retirement Fund lifted its position in Twitter by 2,245.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,309,218 shares of the social networking company’s stock valued at $150,000 after purchasing an additional 4,125,455 shares during the period. Canada Pension Plan Investment Board lifted its position in Twitter by 820.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 3,307,199 shares of the social networking company’s stock valued at $95,042,000 after purchasing an additional 2,948,050 shares during the period. Eagle Asset Management Inc. acquired a new stake in Twitter in the third quarter valued at about $67,655,000. Vanguard Group Inc lifted its position in Twitter by 2.7% in the third quarter. Vanguard Group Inc now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after purchasing an additional 1,830,649 shares during the period. Finally, Vanguard Group Inc. lifted its position in Twitter by 2.7% in the third quarter. Vanguard Group Inc. now owns 70,255,589 shares of the social networking company’s stock valued at $1,999,474,000 after purchasing an additional 1,830,649 shares during the period. Institutional investors and hedge funds own 64.07% of the company’s stock.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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The Fly

Analyst Recommendations for Twitter (NYSE:TWTR)

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