Twitter (TWTR) Stock Rating Lowered by Vetr

Twitter (NYSE:TWTR) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday. They currently have a $26.90 price objective on the social networking company’s stock. Vetr‘s target price would suggest a potential upside of 12.13% from the company’s current price.

TWTR has been the subject of several other research reports. Goldman Sachs Group set a $26.00 price objective on shares of Twitter and gave the company a “buy” rating in a research note on Friday, October 27th. Susquehanna Bancshares upped their target price on shares of Twitter from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Morgan Stanley reaffirmed an “underweight” rating and issued a $10.00 target price on shares of Twitter in a report on Monday, October 2nd. Wells Fargo & Co upped their target price on shares of Twitter from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, Zacks Investment Research raised shares of Twitter from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Twelve analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eight have given a buy rating to the stock. Twitter currently has a consensus rating of “Hold” and a consensus target price of $18.44.

Twitter (NYSE:TWTR) opened at $23.99 on Wednesday. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a 12 month low of $14.12 and a 12 month high of $25.56. The stock has a market cap of $17,820.00, a price-to-earnings ratio of -47.04, a price-to-earnings-growth ratio of 11.79 and a beta of 1.11.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The company had revenue of $590.00 million during the quarter, compared to the consensus estimate of $586.22 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Twitter’s revenue for the quarter was down 4.2% on a year-over-year basis. equities research analysts forecast that Twitter will post 0.02 EPS for the current fiscal year.

In other Twitter news, insider Robert Kaiden sold 1,186 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total transaction of $28,985.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Evan Clark Williams sold 409,115 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $17.95, for a total transaction of $7,343,614.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,726,480 shares of company stock worth $120,514,319. 10.79% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Nordea Investment Management AB raised its stake in Twitter by 2.3% during the second quarter. Nordea Investment Management AB now owns 19,027 shares of the social networking company’s stock worth $340,000 after purchasing an additional 422 shares during the period. Comerica Bank raised its stake in shares of Twitter by 1.8% in the 2nd quarter. Comerica Bank now owns 27,861 shares of the social networking company’s stock valued at $557,000 after acquiring an additional 489 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in shares of Twitter by 3.4% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 24,015 shares of the social networking company’s stock valued at $429,000 after acquiring an additional 800 shares during the period. D.A. Davidson & CO. raised its stake in shares of Twitter by 0.5% in the 2nd quarter. D.A. Davidson & CO. now owns 177,086 shares of the social networking company’s stock valued at $3,164,000 after acquiring an additional 885 shares during the period. Finally, Private Advisor Group LLC raised its stake in shares of Twitter by 2.1% in the 2nd quarter. Private Advisor Group LLC now owns 55,739 shares of the social networking company’s stock valued at $1,008,000 after acquiring an additional 1,162 shares during the period. 50.69% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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