Atlantic Securities Upgrades Twitter (TWTR) to “Neutral”
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.
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.
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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