Twitter Inc (TWTR) Receives Average Recommendation of “Hold” from Analysts

Twitter Inc (NYSE:TWTR) has been assigned an average recommendation of “Hold” from the thirty-nine ratings firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $34.39.

TWTR has been the topic of a number of research reports. TheStreet raised shares of Twitter from a “c” rating to a “b-” rating in a research report on Friday, October 26th. Aegis raised their target price on shares of Twitter from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, October 29th. Guggenheim initiated coverage on shares of Twitter in a research report on Thursday. They set a “buy” rating and a $39.00 target price on the stock. Wedbush reissued a “hold” rating and set a $37.00 target price on shares of Twitter in a research report on Tuesday, October 23rd. Finally, Pivotal Research raised shares of Twitter from a “sell” rating to a “hold” rating and cut their target price for the company from $26.00 to $24.00 in a research report on Friday, October 12th.

In related news, insider Robert Kaiden sold 1,362 shares of Twitter stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $28.62, for a total value of $38,980.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ned D. Segal sold 6,000 shares of Twitter stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $30.44, for a total transaction of $182,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744,843 shares of company stock worth $238,837,447. Insiders own 10.79% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group boosted its stake in Twitter by 50.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,834 shares of the social networking company’s stock worth $52,000 after purchasing an additional 613 shares in the last quarter. Exane Derivatives lifted its stake in Twitter by 303.0% during the 3rd quarter. Exane Derivatives now owns 3,663 shares of the social networking company’s stock valued at $104,000 after acquiring an additional 2,754 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Twitter during the 2nd quarter valued at approximately $112,000. Castleark Management LLC acquired a new stake in Twitter during the 2nd quarter valued at approximately $121,000. Finally, Quad Cities Investment Group LLC acquired a new stake in Twitter during the 2nd quarter valued at approximately $132,000. Institutional investors own 64.18% of the company’s stock.

TWTR traded down $0.13 on Monday, reaching $32.83. 29,450,601 shares of the company traded hands, compared to its average volume of 18,008,394. Twitter has a one year low of $20.95 and a one year high of $47.79. The firm has a market capitalization of $25.09 billion, a price-to-earnings ratio of 547.17, a PEG ratio of 3.19 and a beta of 0.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.61 and a quick ratio of 4.61.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.17. Twitter had a net margin of 36.35% and a return on equity of 6.75%. The company had revenue of $758.11 million during the quarter, compared to analyst estimates of $703.57 million. On average, equities analysts anticipate that Twitter will post 0.47 earnings per share for the current fiscal year.

Twitter Company Profile

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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Analyst Recommendations for Twitter (NYSE:TWTR)

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