Twitter (NYSE:TWTR) had its price target upped by analysts at BTIG Research from $25.00 to $30.00 in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the social networking company’s stock. BTIG Research’s price target points to a potential upside of 23.20% from the company’s current price.
Several other equities analysts also recently weighed in on TWTR. BidaskClub upgraded shares of Twitter from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Jefferies Group restated a “hold” rating and set a $16.00 target price on shares of Twitter in a report on Thursday, September 28th. Morgan Stanley restated an “underweight” rating and set a $10.00 target price on shares of Twitter in a report on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of Twitter in a report on Wednesday, October 4th. Finally, Vetr downgraded shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $19.82 target price for the company. in a report on Wednesday, October 4th. Twelve research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.82.
Twitter (TWTR) opened at $24.35 on Friday. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a twelve month low of $14.12 and a twelve month high of $25.56. The firm has a market cap of $18,090.00, a PE ratio of -47.75, a price-to-earnings-growth ratio of 11.70 and a beta of 1.11.
In related news, insider Robert Kaiden sold 1,186 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total value of $28,985.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the completion of the sale, the director now directly owns 2,530,241 shares in the company, valued at $53,286,875.46. The disclosure for this sale can be found here. Insiders sold 5,317,365 shares of company stock worth $113,170,704 over the last three months. Corporate insiders own 9.18% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TWTR. Balentine LLC lifted its position in Twitter by 86.6% during the third 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 in the last quarter. Toronto Dominion Bank lifted its position in Twitter by 21.3% during the second 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 in the last quarter. Malaga Cove Capital LLC acquired a new position in Twitter during the third quarter valued at approximately $154,000. Staley Capital Advisers Inc. acquired a new position in Twitter during the third quarter valued at approximately $173,000. Finally, Federated Investors Inc. PA acquired a new position in Twitter during the second quarter valued at approximately $174,000. 50.69% of the stock is currently owned by hedge funds and other institutional investors.
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.
