Guggenheim Begins Coverage on Twitter (TWTR)

Guggenheim started coverage on shares of Twitter (NYSE:TWTR) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $39.00 target price on the social networking company’s stock.

A number of other equities analysts have also commented on TWTR. Deutsche Bank lifted their price target on shares of Twitter from $32.00 to $33.00 and gave the stock a hold rating in a report on Thursday, August 16th. Moffett Nathanson cut their price target on shares of Twitter from $23.00 to $21.00 and set a sell rating on the stock in a report on Monday, September 17th. Pivotal Research upgraded shares of Twitter from a sell rating to a hold rating and cut their price target for the stock from $26.00 to $24.00 in a report on Friday, October 12th. Wedbush reiterated a hold rating and set a $37.00 price target on shares of Twitter in a report on Tuesday, October 23rd. Finally, UBS Group upgraded shares of Twitter from a market perform rating to an outperform rating in a report on Friday, October 26th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $34.90.

Shares of Twitter stock opened at $32.83 on Thursday. Twitter has a fifty-two week low of $20.95 and a fifty-two week high of $47.79. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $24.99 billion, a price-to-earnings ratio of 82.08, a P/E/G ratio of 3.18 and a beta of 0.29.

Twitter (NYSE:TWTR) last issued its earnings results 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 firm had revenue of $758.11 million for the quarter, compared to analyst estimates of $703.57 million. Equities analysts anticipate that Twitter will post 0.47 EPS for the current fiscal year.

In other Twitter news, CFO Ned D. Segal sold 6,000 shares of Twitter stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $30.44, for a total value of $182,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Kaiden sold 3,702 shares of Twitter stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $34.37, for a total transaction of $127,237.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,744,843 shares of company stock worth $238,837,447. 10.79% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TWTR. Rehmann Capital Advisory Group increased its stake in Twitter by 50.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,834 shares of the social networking company’s stock valued at $52,000 after purchasing an additional 613 shares in the last quarter. Exane Derivatives increased its stake in Twitter by 303.0% in the third quarter. Exane Derivatives now owns 3,663 shares of the social networking company’s stock valued at $104,000 after purchasing an additional 2,754 shares in the last quarter. Castleark Management LLC bought a new stake in Twitter in the second quarter valued at $121,000. Quad Cities Investment Group LLC bought a new stake in Twitter in the second quarter valued at $132,000. Finally, Focused Wealth Management Inc increased its stake in Twitter by 144.3% in the second quarter. Focused Wealth Management Inc now owns 3,217 shares of the social networking company’s stock valued at $140,000 after purchasing an additional 1,900 shares in the last quarter. 64.18% of the stock is owned by hedge funds and other institutional investors.

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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