Twitter Inc. (NYSE:TWTR) was upgraded by equities research analysts at Vetr from a “hold” rating to a “strong-buy” rating in a research report issued on Monday. The firm currently has a $24.69 target price on the social networking company’s stock. Vetr‘s price objective would indicate a potential upside of 24.38% from the company’s previous close.

TWTR has been the topic of a number of other reports. Loop Capital began coverage on shares of Twitter in a report on Thursday, September 22nd. They issued a “hold” rating and a $18.00 price target on the stock. They noted that the move was a valuation call. Nomura restated a “neutral” rating and issued a $13.00 price target on shares of Twitter in a report on Wednesday, September 28th. Morgan Stanley restated a “sell” rating on shares of Twitter in a report on Thursday, September 29th. Cantor Fitzgerald restated a “hold” rating and issued a $18.00 price target on shares of Twitter in a report on Wednesday, September 14th. Finally, Jefferies Group restated a “buy” rating and issued a $23.00 price target on shares of Twitter in a report on Tuesday, August 9th. Thirteen research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.66.

Analyst Recommendations for Twitter (NYSE:TWTR)

Shares of Twitter (NYSE:TWTR) opened at 19.85 on Monday. The firm’s 50-day moving average is $19.97 and its 200-day moving average is $17.35. Twitter has a one year low of $13.73 and a one year high of $31.87. The stock’s market capitalization is $13.90 billion.

Twitter (NYSE:TWTR) last posted its earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $602 million for the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. On average, analysts expect that Twitter will post $0.51 earnings per share for the current fiscal year.

In other Twitter news, insider Adam Messinger sold 52,914 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Kaiden sold 3,604 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $20.06, for a total value of $72,296.24. The disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank boosted its position in Twitter by 3.7% in the second quarter. Swiss National Bank now owns 1,564,600 shares of the social networking company’s stock valued at $26,457,000 after buying an additional 56,500 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Twitter by 21.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 901,244 shares of the social networking company’s stock valued at $15,240,000 after buying an additional 158,309 shares during the last quarter. ING Groep NV boosted its position in Twitter by 12.2% in the second quarter. ING Groep NV now owns 324,421 shares of the social networking company’s stock valued at $5,479,000 after buying an additional 35,385 shares during the last quarter. Legal & General Group Plc boosted its position in Twitter by 4.1% in the first quarter. Legal & General Group Plc now owns 1,756,013 shares of the social networking company’s stock valued at $29,062,000 after buying an additional 69,951 shares during the last quarter. Finally, State Street Corp boosted its position in Twitter by 3.5% in the first quarter. State Street Corp now owns 9,367,582 shares of the social networking company’s stock valued at $155,031,000 after buying an additional 317,209 shares during the last quarter. Hedge funds and other institutional investors own 41.87% of the company’s stock.

About Twitter

Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.

5 Day Chart for NYSE:TWTR

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