Vetr Downgrades Twitter (TWTR) to Buy

Twitter (NYSE:TWTR) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They currently have a $27.54 price objective on the social networking company’s stock. Vetr‘s target price points to a potential upside of 11.68% from the stock’s previous close.

TWTR has been the subject of a number of other research reports. Cantor Fitzgerald restated a “hold” rating and issued a $16.00 price objective on shares of Twitter in a research note on Monday, October 23rd. BidaskClub upgraded Twitter from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Canaccord Genuity restated a “hold” rating and issued a $15.00 price objective on shares of Twitter in a research note on Friday, October 20th. Barclays upped their price objective on Twitter from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, October 27th. Finally, Citigroup upgraded Twitter from a “sell” rating to a “neutral” rating and upped their price objective for the company from $19.90 to $20.00 in a research note on Monday, November 6th. Ten analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have assigned a buy rating to the stock. Twitter currently has an average rating of “Hold” and a consensus target price of $19.62.

Twitter (NYSE TWTR) opened at $24.66 on Monday. The company has a current ratio of 10.40, a quick 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 $25.85. The firm has a market capitalization of $18,320.00, a P/E ratio of -48.35, a PEG ratio of 11.08 and a beta of 1.11.

Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.77% and a negative net margin of 3.58%. The business 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 company posted $0.09 earnings per share. Twitter’s revenue was down 4.2% compared to the same quarter last year. research analysts predict that Twitter will post 0.02 EPS for the current fiscal year.

In related news, CAO Robert Kaiden sold 6,574 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $20.59, for a total transaction of $135,358.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $21.06, for a total value of $42,126,318.00. Following the transaction, the director now owns 2,530,241 shares in the company, valued at $53,286,875.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,320,712 shares of company stock worth $113,341,301. 9.18% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Twitter by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock valued at $872,704,000 after purchasing an additional 2,838,459 shares during the period. Northern Trust Corp lifted its stake in shares of Twitter by 78.3% in the 2nd quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock valued at $149,215,000 after purchasing an additional 3,667,233 shares during the period. First Trust Advisors LP lifted its stake in shares of Twitter by 5.3% in the 3rd quarter. First Trust Advisors LP now owns 7,633,764 shares of the social networking company’s stock valued at $128,782,000 after purchasing an additional 385,181 shares during the period. Amerigo Asset Management lifted its stake in shares of Twitter by 46.2% in the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after purchasing an additional 2,172,000 shares during the period. Finally, Contrarius Investment Management Ltd lifted its stake in shares of Twitter by 1.3% in the 3rd quarter. Contrarius Investment Management Ltd now owns 5,624,420 shares of the social networking company’s stock valued at $94,884,000 after purchasing an additional 71,372 shares during the period. Hedge funds and other institutional investors own 50.69% of the company’s stock.

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Twitter Company Profile

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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