ValuEngine upgraded shares of Twitter (NYSE:TWTR) from a hold rating to a buy rating in a research note published on Wednesday.
Several other brokerages also recently issued reports on TWTR. Cascend Securities initiated coverage on Twitter in a report on Wednesday, April 11th. They issued a buy rating and a $36.00 price target for the company. Vetr downgraded Twitter from a buy rating to a hold rating and set a $29.35 price target for the company. in a report on Monday, February 12th. Jefferies Group restated a hold rating and issued a $22.00 price target on shares of Twitter in a report on Monday, January 8th. Wedbush set a $18.00 price target on Twitter and gave the stock a hold rating in a report on Monday, February 5th. Finally, Zacks Investment Research upgraded Twitter from a hold rating to a strong-buy rating and set a $32.00 price target for the company in a report on Thursday, April 12th. Six investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Twitter has an average rating of Hold and an average target price of $24.04.
NYSE TWTR opened at $31.50 on Wednesday. The stock has a market capitalization of $23,908.80, a P/E ratio of 525.67, a P/E/G ratio of 8.65 and a beta of 0.86. The company has a quick ratio of 9.12, a current ratio of 9.12 and a debt-to-equity ratio of 0.34. Twitter has a 12 month low of $14.41 and a 12 month high of $36.80.
In other news, Director Evan Clark Williams sold 546,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $31.91, for a total value of $17,432,433.00. Following the completion of the sale, the director now directly owns 2,181,588 shares of the company’s stock, valued at $69,614,473.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were 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. Over the last ninety days, insiders sold 2,791,755 shares of company stock valued at $88,096,879. Insiders own 10.79% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Twitter by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,709,001 shares of the social networking company’s stock worth $28,831,000 after purchasing an additional 102,413 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Twitter during the third quarter worth approximately $1,346,000. Janus Henderson Group PLC increased its stake in shares of Twitter by 67.2% during the third quarter. Janus Henderson Group PLC now owns 146,844 shares of the social networking company’s stock worth $2,478,000 after purchasing an additional 59,014 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Twitter by 2.7% during the third quarter. Public Employees Retirement System of Ohio now owns 291,667 shares of the social networking company’s stock worth $4,920,000 after purchasing an additional 7,640 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Twitter during the third quarter worth approximately $200,000. 54.69% of the stock is owned by institutional investors.
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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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