Twitter (NYSE:TWTR) had its price target raised by analysts at Morgan Stanley from $15.00 to $28.00 in a research report issued on Thursday. The firm presently has an “underweight” rating on the social networking company’s stock. Morgan Stanley’s price target points to a potential downside of 16.74% from the company’s current price.

Several other analysts also recently issued reports on TWTR. SunTrust Banks lifted their price target on shares of Twitter to $29.00 and gave the company a “hold” rating in a research report on Friday, February 9th. They noted that the move was a valuation call. Canaccord Genuity lifted their price target on shares of Twitter from $21.00 to $25.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Wells Fargo & Co lifted their price objective on shares of Twitter to $28.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Bank of America lifted their price objective on shares of Twitter from $20.00 to $26.00 and gave the stock an “underperform” rating in a report on Friday, February 9th. Finally, Robert W. Baird lifted their price objective on shares of Twitter from $20.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Eight analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $23.35.

Twitter (NYSE TWTR) traded down $0.12 during midday trading on Thursday, reaching $33.63. 12,380,897 shares of the company traded hands, compared to its average volume of 33,995,207. Twitter has a twelve month low of $14.12 and a twelve month high of $35.00. The company has a current ratio of 10.40, a quick ratio of 10.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $25,070.00, a P/E ratio of -225.27, a P/E/G ratio of 10.07 and a beta of 1.14.

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

In related news, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $22.33, for a total value of $409,688.51. Following the sale, the director now directly owns 2,254,971 shares in the company, valued at approximately $50,353,502.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Kaiden sold 1,186 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total value of $28,985.84. The disclosure for this sale can be found here. Insiders sold a total of 2,660,011 shares of company stock worth $58,164,211 over the last 90 days. 10.79% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Avestar Capital LLC bought a new stake in shares of Twitter during the fourth quarter valued at about $103,000. Balentine LLC increased its position in shares of Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after buying an additional 3,167 shares during the period. Toronto Dominion Bank increased its position in shares of Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after buying an additional 1,333 shares during the period. Malaga Cove Capital LLC bought a new stake in shares of Twitter during the third quarter valued at about $154,000. Finally, Staley Capital Advisers Inc. bought a new stake in shares of Twitter during the third quarter valued at about $173,000. 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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