Twitter (NYSE:TWTR) was upgraded by analysts at Atlantic Securities from an “underweight” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat reports. The brokerage presently has a $13.00 price target on the social networking company’s stock. Atlantic Securities’ price target points to a potential downside of 55.17% from the company’s previous close.

TWTR has been the subject of a number of other research reports. Aegis upgraded shares of Twitter from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, January 16th. Vetr cut shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $26.90 target price for the company. in a research report on Wednesday, January 3rd. Robert W. Baird increased their target price on shares of Twitter from $20.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Canaccord Genuity increased their target price on shares of Twitter from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, SunTrust Banks increased their target price on shares of Twitter to $29.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.11.

Shares of TWTR stock opened at $29.00 on Thursday. Twitter has a 52-week low of $15.67 and a 52-week high of $36.80. The firm has a market capitalization of $22,729.88, a PE ratio of 483.33, a price-to-earnings-growth ratio of 8.17 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 (NYSE:TWTR) last announced its quarterly earnings data on Wednesday, April 25th. The social networking company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. Twitter had a net margin of 0.57% and a return on equity of 2.86%. The company had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $607.56 million. During the same quarter in the prior year, the company posted $0.07 EPS. The business’s revenue was up 21.3% on a year-over-year basis. equities research analysts forecast that Twitter will post 0.17 earnings per share for the current year.

In other news, insider Robert Kaiden sold 12,734 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $24.99, for a total value of $318,222.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Evan Clark Williams sold 546,300 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $31.91, for a total transaction of $17,432,433.00. Following the completion of the transaction, the director now directly owns 2,181,588 shares in the company, valued at approximately $69,614,473.08. The disclosure for this sale can be found here. Insiders sold a total of 3,440,650 shares of company stock worth $108,405,624 in the last ninety days. Insiders own 10.79% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TWTR. Dimensional Fund Advisors LP boosted its stake in shares of Twitter by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,709,001 shares of the social networking company’s stock valued at $28,831,000 after purchasing an additional 102,413 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Twitter by 67.2% in the 3rd quarter. Janus Henderson Group PLC now owns 146,844 shares of the social networking company’s stock valued at $2,478,000 after acquiring an additional 59,014 shares during the period. DnB Asset Management AS raised its position in shares of Twitter by 20.5% in the 4th quarter. DnB Asset Management AS now owns 66,500 shares of the social networking company’s stock valued at $1,597,000 after acquiring an additional 11,300 shares during the period. Deane Retirement Strategies Inc. acquired a new stake in shares of Twitter in the 4th quarter valued at approximately $2,257,000. Finally, Rockland Trust Co. acquired a new stake in shares of Twitter in the 4th quarter valued at approximately $219,000. 54.84% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Twitter (NYSE:TWTR)

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