Twitter (TWTR) Lifted to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Twitter (NYSE:TWTR) from a hold rating to a strong-buy rating in a research report released on Thursday morning. Zacks Investment Research currently has $32.00 target price on the social networking company’s stock.

According to Zacks, “Twitter shares have outperformed the industry in the past year. The company's initiatives to make tweeting easier for people and more expressive are expected to boost user growth rate and engagement levels. Growing adoption of video ad products coupled with Twitter’s focus on live video streaming will bring more ad dollars. Besides, growth in Japan and other Asia Pacific markets is a positive. Moreover, aggressive cost cutting also helped Twitter to achieve long term EBITDA margin target. Estimates have been stable lately ahead of the company’s Q1 earnings release. The company has positive record of earnings surprises in recent quarters.”

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Other equities analysts have also issued research reports about the company. Aegis upgraded Twitter from a sell rating to a buy rating and set a $30.00 price target on the stock in a research note on Tuesday, January 16th. Vetr lowered Twitter from a strong-buy rating to a buy rating and set a $26.90 price target on the stock. in a research note on Wednesday, January 3rd. Robert W. Baird lifted their price target on Twitter from $20.00 to $33.00 and gave the company a neutral rating in a research note on Friday, February 9th. Canaccord Genuity lifted their price target on Twitter from $21.00 to $25.00 and gave the company a hold rating in a research note on Friday, February 9th. Finally, SunTrust Banks lifted their price target on Twitter to $29.00 and gave the company a hold rating in a research note on Friday, February 9th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Twitter presently has an average rating of Hold and an average price target of $24.01.



Twitter stock opened at $28.76 on Thursday. Twitter has a one year low of $14.12 and a one year high of $36.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 9.12 and a current ratio of 9.12. The firm has a market cap of $21,776.23, a price-to-earnings ratio of 479.33, a P/E/G ratio of 7.88 and a beta of 0.86.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. Twitter had a positive return on equity of 0.77% and a negative net margin of 4.42%. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $686.12 million. During the same quarter last year, the company earned $0.11 EPS. The company’s revenue was up 2.0% on a year-over-year basis. equities research analysts expect that Twitter will post 0.17 earnings per share for the current fiscal year.

In other Twitter news, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $22.33, for a total transaction of $409,688.51. Following the transaction, the director now directly owns 2,254,971 shares of the company’s stock, valued at approximately $50,353,502.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $23.28, for a total value of $349,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,791,755 shares of company stock worth $88,096,879 over the last ninety days. Company insiders own 10.79% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers raised its position in shares of Twitter by 14.6% in the 4th quarter. Cetera Investment Advisers now owns 12,994 shares of the social networking company’s stock worth $313,000 after acquiring an additional 1,657 shares in the last quarter. Partnervest Advisory Services LLC raised its position in shares of Twitter by 9.8% in the 4th quarter. Partnervest Advisory Services LLC now owns 27,893 shares of the social networking company’s stock worth $670,000 after acquiring an additional 2,500 shares in the last quarter. Zeke Capital Advisors LLC raised its position in shares of Twitter by 19.8% in the 4th quarter. Zeke Capital Advisors LLC now owns 15,126 shares of the social networking company’s stock worth $363,000 after acquiring an additional 2,500 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Twitter by 16.2% in the 4th quarter. Moors & Cabot Inc. now owns 18,425 shares of the social networking company’s stock worth $441,000 after acquiring an additional 2,575 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Twitter by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,675 shares of the social networking company’s stock worth $2,969,000 after acquiring an additional 2,637 shares in the last quarter. 54.67% of the stock is currently owned by hedge funds and other institutional investors.

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About Twitter

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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