Vetr Upgrades Twitter (TWTR) to “Strong-Buy”

Twitter (NYSE:TWTR) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday. The firm currently has a $27.61 price target on the social networking company’s stock. Vetr‘s target price indicates a potential upside of 12.42% from the company’s current price.

Other research analysts have also issued research reports about the stock. Cantor Fitzgerald restated a “hold” rating and issued a $16.00 price target on shares of Twitter in a report on Monday, October 23rd. BidaskClub upgraded shares of Twitter from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Canaccord Genuity restated a “hold” rating and issued a $15.00 price target on shares of Twitter in a report on Friday, October 20th. Barclays raised their price target on shares of Twitter from $16.00 to $18.00 and gave the company an “underweight” rating in a report on Friday, October 27th. Finally, Citigroup upgraded shares of Twitter from a “sell” rating to a “neutral” rating and raised their price target for the company from $19.90 to $20.00 in a report on Monday, November 6th. Ten research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Twitter has an average rating of “Hold” and an average target price of $19.62.

Twitter (TWTR) traded down $0.10 on Wednesday, hitting $24.56. 17,013,353 shares of the company traded hands, compared to its average volume of 18,420,000. 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 twelve month low of $14.12 and a twelve month high of $25.85. The firm has a market capitalization of $18,240.00, a PE ratio of -48.16, a PEG ratio of 11.08 and a beta of 1.11.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The firm had revenue of $590.00 million for the quarter, compared to analyst estimates of $586.22 million. During the same quarter last year, the firm posted $0.09 earnings per share. Twitter’s revenue for the quarter was down 4.2% compared to the same quarter last year. research analysts expect that Twitter will post 0.02 earnings per share for the current year.

In other news, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $21.06, for a total transaction of $42,126,318.00. Following the completion of the sale, the director now owns 2,530,241 shares of the company’s stock, valued at $53,286,875.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Vijaya Gadde sold 135,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.92, for a total transaction of $2,689,200.00. The disclosure for this sale can be found here. Insiders have sold 5,320,712 shares of company stock valued at $113,341,301 in the last three months. Corporate insiders own 9.18% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TWTR. Northern Trust Corp grew its position in shares of Twitter by 78.3% during the second quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock worth $149,215,000 after buying an additional 3,667,233 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Twitter by 6.2% during the second quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock worth $872,704,000 after buying an additional 2,838,459 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Twitter during the second quarter worth approximately $43,694,000. Amerigo Asset Management grew its position 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 worth $115,997,000 after buying an additional 2,172,000 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its holdings in Twitter by 99.6% in the third quarter. Pictet Asset Management Ltd. now owns 3,551,209 shares of the social networking company’s stock worth $59,909,000 after purchasing an additional 1,771,623 shares during the period. 50.69% of the stock is owned by institutional investors and hedge funds.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Twitter (NYSE:TWTR)

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