Twitter Inc. (NYSE:TWTR)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a note issued to investors on Wednesday. They currently have a $22.00 target price on the social networking company’s stock. Deutsche Bank AG’s price target points to a potential upside of 21.88% from the stock’s previous close.

Other research analysts have also issued reports about the stock. MKM Partners reissued a “buy” rating on shares of Twitter in a research note on Wednesday, June 22nd. SunTrust Banks Inc. reissued a “buy” rating and set a $18.00 target price on shares of Twitter in a research note on Tuesday, June 21st. Cantor Fitzgerald reissued a “buy” rating on shares of Twitter in a research note on Sunday, July 10th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $22.00 target price on shares of Twitter in a research note on Tuesday, July 12th. Finally, Pivotal Research reissued a “buy” rating and set a $26.00 target price (down from $27.00) on shares of Twitter in a research note on Tuesday, July 12th. Twelve research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.64.

Analyst Recommendations for Twitter (NYSE:TWTR)

Shares of Twitter (NYSE:TWTR) traded up 0.28% on Wednesday, hitting $18.05. 23,480,718 shares of the stock were exchanged. Twitter has a one year low of $13.73 and a one year high of $31.87. The firm’s 50-day moving average is $19.91 and its 200-day moving average is $17.38. The company’s market cap is $12.64 billion.

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

In other news, CAO Robert Kaiden sold 12,990 shares of Twitter stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $16.76, for a total value of $217,712.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Messinger sold 52,914 shares of Twitter stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $16.76, for a total transaction of $886,838.64. The disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in Twitter by 26.9% in the first quarter. Envestnet Asset Management Inc. now owns 108,584 shares of the social networking company’s stock worth $1,797,000 after buying an additional 23,030 shares during the period. Legal & General Group Plc increased its stake 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 worth $29,062,000 after buying an additional 69,951 shares during the period. National Pension Service increased its stake in Twitter by 4.4% in the first quarter. National Pension Service now owns 319,211 shares of the social networking company’s stock worth $5,283,000 after buying an additional 13,564 shares during the period. Renaissance Technologies LLC acquired a new stake in Twitter during the first quarter worth about $13,056,000. Finally, Arete Wealth Advisors LLC acquired a new stake in Twitter during the first quarter worth about $243,000. Institutional investors own 41.87% of the company’s stock.

Twitter Company Profile

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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