Recent Analysts’ Ratings Changes for Twitter (TWTR)

Several brokerages have updated their recommendations and price targets on shares of Twitter (NYSE: TWTR) in the last few weeks:

  • 2/11/2019 – Twitter had its “neutral” rating reaffirmed by analysts at Wedbush.
  • 2/8/2019 – Twitter had its price target lowered by analysts at Robert W. Baird to $33.00. They now have a “neutral” rating on the stock.
  • 2/8/2019 – Twitter was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 2/8/2019 – Twitter was given a new $37.00 price target on by analysts at Wedbush. They now have a “hold” rating on the stock.
  • 2/8/2019 – Twitter was downgraded by analysts at Summit Insights from a “buy” rating to a “hold” rating.
  • 2/8/2019 – Twitter had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $36.00 price target on the stock.
  • 1/28/2019 – Twitter was upgraded by analysts at Vertical Group from a “hold” rating to a “buy” rating.
  • 1/10/2019 – Twitter was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “Twitter continues to add new features and ramp up its security measures to lure users to its platform and boost engagement levels. The company’s investment in series of live streaming deals is a positive. Twitter is also benefiting from strong growth in international markets and video advertisements. Growing adoption of video ad products like Video Website Cards & Video App Cards is driving top line for Twitter. However, lack of revenue diversification is a major concern for the company. Twitter continues to face intensifying competition from the likes of Facebook and Google. Sluggish user growth is anticipated to hurt the platform's ability to attract ad dollars. Moreover, higher expenses are expected to hurt profitability in the near-term.”
  • 1/10/2019 – Twitter had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $44.00 price target on the stock.
  • 1/10/2019 – Twitter was upgraded by analysts at Bank of America Corp from an “underperform” rating to a “buy” rating. They now have a $39.00 price target on the stock.
  • 12/31/2018 – Twitter was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Twitter continues to add new features and ramp up its security measures to lure users to its platform and boost engagement levels. The company’s investment in series of live streaming deals is a positive. Moreover, shares have outperformed the industry on a year-to-date basis. Twitter is also benefiting from strong growth in international markets and video advertisements. Growing adoption of video ad products like Video Website Cards & Video App Cards is driving top line for Twitter. However, lack of revenue diversification is a major concern for the company. Twitter continues to face intensifying competition from the likes of Facebook and Google. Sluggish user growth is anticipated to hurt the platform's ability to attract ad dollars. Moreover, higher expenses are expected to hurt profitability in the near-term.”

Shares of NYSE:TWTR traded up $0.22 during trading on Monday, hitting $30.23. 28,818,243 shares of the company were exchanged, compared to its average volume of 21,356,174. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 54.96, a price-to-earnings-growth ratio of 5.01 and a beta of 0.43. Twitter Inc has a fifty-two week low of $26.19 and a fifty-two week high of $47.79. The company has a quick ratio of 4.61, a current ratio of 4.69 and a debt-to-equity ratio of 0.26.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 7th. The social networking company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.15. The company had revenue of $908.84 million during the quarter, compared to analysts’ expectations of $864.87 million. Twitter had a return on equity of 8.08% and a net margin of 39.63%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. As a group, analysts anticipate that Twitter Inc will post 0.52 earnings per share for the current year.

In other Twitter news, VP Michael Montano sold 1,250 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $30.20, for a total value of $37,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ned D. Segal sold 6,000 shares of the stock in a transaction dated Tuesday, November 13th. The shares were 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. Over the last quarter, insiders sold 7,075,100 shares of company stock valued at $227,040,779. 6.62% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Atria Investments LLC grew its position in shares of Twitter by 72.2% in the 3rd quarter. Atria Investments LLC now owns 25,136 shares of the social networking company’s stock valued at $715,000 after buying an additional 10,539 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Twitter by 6.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 112,411 shares of the social networking company’s stock valued at $3,198,000 after acquiring an additional 7,261 shares during the last quarter. DNB Asset Management AS lifted its holdings in Twitter by 6.2% in the 3rd quarter. DNB Asset Management AS now owns 85,914 shares of the social networking company’s stock valued at $2,445,000 after acquiring an additional 5,014 shares during the last quarter. World Asset Management Inc lifted its holdings in Twitter by 7.7% in the 3rd quarter. World Asset Management Inc now owns 48,028 shares of the social networking company’s stock valued at $1,367,000 after acquiring an additional 3,418 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Twitter by 57.5% in the 3rd quarter. Bank of Montreal Can now owns 868,930 shares of the social networking company’s stock valued at $24,730,000 after acquiring an additional 317,145 shares during the last quarter. 64.38% of the stock is owned by hedge funds and other institutional investors.

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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