Twitter (NYSE:TWTR) was upgraded by analysts at Aegis from a “sell” rating to a “buy” rating in a report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $30.00 target price on the social networking company’s stock. Aegis’ price target would indicate a potential upside of 24.79% from the stock’s current price.
Several other research firms also recently weighed in on TWTR. Vetr downgraded shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $27.54 target price for the company. in a report on Monday. Jefferies Group restated a “hold” rating and set a $22.00 target price on shares of Twitter in a report on Monday, January 8th. BTIG Research raised their target price on shares of Twitter from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, January 12th. Zacks Investment Research upgraded shares of Twitter from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Friday, January 12th. Finally, Pivotal Research reaffirmed a “hold” rating and set a $21.00 price target on shares of Twitter in a research note on Wednesday, January 10th. Ten research analysts have rated the stock with a sell rating, twenty have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Twitter has a consensus rating of “Hold” and an average price target of $19.62.
Twitter (TWTR) traded down $0.51 during trading hours on Tuesday, reaching $24.04. 21,110,000 shares of the company’s stock traded hands, compared to its average volume of 18,480,000. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. Twitter has a 52-week low of $14.12 and a 52-week high of $25.85. The stock has a market cap of $17,860.00, a P/E ratio of -47.14, a P/E/G ratio of 10.75 and a beta of 1.11.
In other Twitter news, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $24.17, for a total transaction of $443,446.99. Following the transaction, the director now directly owns 2,291,665 shares of the company’s stock, valued at $55,389,543.05. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert Kaiden sold 5,926 shares of Twitter stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $19.51, for a total transaction of $115,616.26. The disclosure for this sale can be found here. Insiders sold 5,320,712 shares of company stock worth $113,341,301 over the last three months. Corporate insiders own 10.79% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Balentine LLC lifted its position in Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after buying an additional 3,167 shares in the last quarter. Toronto Dominion Bank lifted its position in Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after buying an additional 1,333 shares in the last quarter. Malaga Cove Capital LLC acquired a new position in Twitter during the third quarter valued at approximately $154,000. Rockland Trust Co. acquired a new position in Twitter during the fourth quarter valued at approximately $219,000. Finally, Federated Investors Inc. PA acquired a new position in Twitter during the second quarter valued at approximately $174,000. 50.69% of the stock is currently owned by hedge funds and other institutional investors.
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.
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