Twitter (TWTR) Given New $28.00 Price Target at Morgan Stanley

Twitter (NYSE:TWTR) had its price target increased by Morgan Stanley from $15.00 to $28.00 in a research report report published on Thursday morning, MarketBeat.com reports. Morgan Stanley currently has an underweight rating on the social networking company’s stock.

Several other analysts also recently weighed in on TWTR. Canaccord Genuity restated a hold rating and set a $15.00 target price on shares of Twitter in a research note on Friday, October 20th. BidaskClub cut shares of Twitter from a buy rating to a hold rating in a research report on Monday, October 23rd. Wedbush set a $16.00 price target on shares of Twitter and gave the stock a hold rating in a research report on Monday, October 23rd. Cantor Fitzgerald reaffirmed a hold rating and set a $16.00 price target on shares of Twitter in a research report on Monday, October 23rd. Finally, Vetr raised shares of Twitter from a buy rating to a strong-buy rating and set a $19.82 price target on the stock in a research report on Monday, October 23rd. Eight equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $23.46.

Shares of Twitter (NYSE:TWTR) opened at $33.06 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. The firm has a market capitalization of $24,560.00, a PE ratio of -220.40, a PEG ratio of 9.96 and a beta of 1.14. Twitter has a 52 week low of $14.12 and a 52 week high of $35.00.

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. The company had revenue of $731.60 million during the quarter, compared to the consensus estimate of $686.12 million. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. sell-side analysts predict that Twitter will post 0.15 EPS for the current fiscal year.

In other news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $20.71, for a total transaction of $310,650.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 1,982,985 shares of Twitter stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $21.12, for a total value of $41,880,643.20. Following the sale, the director now directly owns 2,401,747 shares in the company, valued at approximately $50,724,896.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,660,011 shares of company stock worth $58,164,211. Corporate insiders own 10.79% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TWTR. Coatue Management LLC increased its stake in shares of Twitter by 209.9% during the fourth quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock valued at $584,745,000 after acquiring an additional 16,496,725 shares during the period. Element Capital Management LLC acquired a new position in shares of Twitter during the fourth quarter valued at approximately $71,888,000. SG Americas Securities LLC increased its stake in shares of Twitter by 18,701.9% during the fourth quarter. SG Americas Securities LLC now owns 2,419,052 shares of the social networking company’s stock valued at $58,081,000 after acquiring an additional 2,406,186 shares during the period. Cambiar Investors LLC acquired a new position in shares of Twitter during the fourth quarter valued at approximately $53,753,000. Finally, Amerigo Asset Management increased its stake in shares of Twitter by 46.2% during the third quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock valued at $115,997,000 after acquiring an additional 2,172,000 shares during the period. Institutional investors and hedge funds own 49.26% 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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Twitter (TWTR) Given New $28.00 Price Target at Morgan Stanley

Twitter (NYSE:TWTR) had its price objective boosted by Morgan Stanley from $15.00 to $28.00 in a research note issued to investors on Thursday morning, MarketBeat.com reports. Morgan Stanley currently has an underweight rating on the social networking company’s stock.

A number of other research analysts have also issued reports on the company. Stifel Nicolaus set a $26.00 target price on Twitter and gave the company a hold rating in a report on Thursday, February 8th. Goldman Sachs Group set a $26.00 target price on Twitter and gave the company a buy rating in a report on Friday, October 27th. Susquehanna Bancshares lifted their target price on Twitter from $17.00 to $20.00 and gave the company a neutral rating in a report on Thursday, October 26th. Vetr lowered Twitter from a strong-buy rating to a buy rating and set a $24.17 target price for the company. in a report on Tuesday, November 21st. Finally, Wells Fargo & Co lifted their target price on Twitter from $16.00 to $19.00 and gave the company a market perform rating in a report on Friday, October 27th. Eight investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $23.46.

Twitter (NYSE:TWTR) opened at $33.06 on Thursday. Twitter has a 1 year low of $14.12 and a 1 year high of $35.00. The company has a market capitalization of $24,560.00, a P/E ratio of -220.40, a P/E/G ratio of 9.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. analysts forecast that Twitter will post 0.15 EPS for the current year.

In related news, insider Robert Kaiden sold 12,734 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $24.99, for a total value of $318,222.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $20.71, for a total value of $310,650.00. The disclosure for this sale can be found here. Insiders sold a total of 2,660,011 shares of company stock valued at $58,164,211 over the last three months. Company insiders own 10.79% of the company’s stock.

A number of hedge funds have recently modified their holdings of TWTR. Coatue Management LLC lifted its stake in shares of Twitter by 209.9% during the 4th quarter. Coatue Management LLC now owns 24,354,222 shares of the social networking company’s stock worth $584,745,000 after purchasing an additional 16,496,725 shares during the period. First Trust Advisors LP lifted its stake in shares of Twitter by 5.3% during the 3rd quarter. First Trust Advisors LP now owns 7,633,764 shares of the social networking company’s stock worth $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% during the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after purchasing an additional 2,172,000 shares during the period. Contrarius Investment Management Ltd lifted its stake in shares of Twitter by 1.3% during the 3rd quarter. Contrarius Investment Management Ltd now owns 5,624,420 shares of the social networking company’s stock worth $94,884,000 after purchasing an additional 71,372 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Twitter by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 4,984,462 shares of the social networking company’s stock worth $119,602,000 after purchasing an additional 121,702 shares during the period. Hedge funds and other institutional investors own 49.26% 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)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.

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