Twitter Inc (TWTR) Receives $32.19 Average Price Target from Analysts

Shares of Twitter Inc (NYSE:TWTR) have received a consensus rating of “Hold” from the thirty-eight ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.19.

Several research firms have recently issued reports on TWTR. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a research note on Saturday, July 7th. Wells Fargo & Co reissued a “market perform” rating and set a $42.00 target price (up from $32.00) on shares of Twitter in a research note on Tuesday, July 3rd. Macquarie lowered shares of Twitter from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $36.00 to $42.00 in a research note on Wednesday, July 18th. They noted that the move was a valuation call. Cleveland Research set a $46.00 target price on shares of Twitter and gave the stock a “hold” rating in a research note on Tuesday, July 10th. Finally, Bank of America set a $27.00 target price on shares of Twitter and gave the stock a “sell” rating in a research note on Tuesday, July 10th.

TWTR traded down $0.42 during midday trading on Friday, hitting $28.87. 1,062,744 shares of the company were exchanged, compared to its average volume of 22,820,706. The company has a market capitalization of $22.39 billion, a P/E ratio of 494.24, a P/E/G ratio of 3.80 and a beta of 0.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 11.00 and a current ratio of 11.00. Twitter has a 1-year low of $17.03 and a 1-year high of $47.79.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Friday, July 27th. The social networking company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Twitter had a return on equity of 4.37% and a net margin of 8.57%. The company had revenue of $710.54 million for the quarter, compared to the consensus estimate of $697.35 million. During the same period last year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. Analysts forecast that Twitter will post 0.35 EPS for the current year.

In other Twitter news, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $42.75, for a total value of $29,165,845.50. Following the transaction, the director now directly owns 1,733,290 shares of the company’s stock, valued at approximately $74,098,147.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew Derella sold 15,098 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $31.95, for a total transaction of $482,381.10. The disclosure for this sale can be found here. Insiders sold a total of 4,143,751 shares of company stock worth $135,852,556 over the last ninety days. 10.79% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. Northern Trust Corp lifted its stake in Twitter by 42.8% in the 2nd quarter. Northern Trust Corp now owns 10,289,349 shares of the social networking company’s stock worth $449,336,000 after purchasing an additional 3,084,415 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Twitter during the 2nd quarter worth approximately $118,445,000. Summit Trail Advisors LLC increased its holdings in shares of Twitter by 2,102.8% during the 1st quarter. Summit Trail Advisors LLC now owns 2,146,516 shares of the social networking company’s stock worth $2,147,000 after buying an additional 2,049,071 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Twitter by 76.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,460,173 shares of the social networking company’s stock worth $107,436,000 after buying an additional 1,064,166 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Twitter by 2,046.4% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,102,082 shares of the social networking company’s stock worth $31,365,000 after buying an additional 1,050,737 shares during the last quarter. 64.55% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: What Are Treasury Bonds?

Analyst Recommendations for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply