Vetr lowered shares of Twitter Inc. (NYSE:TWTR) from a strong-buy rating to a buy rating in a research report released on Wednesday morning. The brokerage currently has $21.08 price objective on the social networking company’s stock.

Several other brokerages have also recently weighed in on TWTR. Mizuho cut Twitter from a neutral rating to an underperform rating and set a $15.00 price target for the company. in a research report on Wednesday, September 28th. Nomura reiterated a neutral rating and set a $13.00 price target on shares of Twitter in a research report on Wednesday, September 28th. Loop Capital cut Twitter from a hold rating to a sell rating and set a $18.00 price target for the company. in a research report on Wednesday, September 28th. Susquehanna reiterated a neutral rating and set a $15.00 price target on shares of Twitter in a research report on Wednesday, October 5th. Finally, SunTrust Banks Inc. reissued a neutral rating and issued a $18.00 price objective on shares of Twitter in a report on Wednesday, October 5th. Nine analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $18.43.

Shares of Twitter (NYSE:TWTR) opened at 18.55 on Wednesday. The stock’s market capitalization is $13.14 billion. Twitter has a one year low of $13.73 and a one year high of $26.70. The stock’s 50 day moving average price is $19.27 and its 200 day moving average price is $17.51.

Twitter (NYSE:TWTR) last announced its quarterly earnings data on Thursday, October 27th. The social networking company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.28. Twitter had a negative return on equity of 5.18% and a negative net margin of 15.06%. The firm earned $616 million during the quarter, compared to analysts’ expectations of $606.40 million. During the same period last year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts predict that Twitter will post $0.52 EPS for the current fiscal year.

In other Twitter news, insider Robert Kaiden sold 5,808 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $17.99, for a total value of $104,485.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Messinger sold 52,187 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $17.58, for a total value of $917,447.46. The disclosure for this sale can be found here. 10.79% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Twitter during the first quarter valued at about $13,056,000. National Pension Service increased its stake in shares of Twitter by 4.4% in the first quarter. National Pension Service now owns 319,211 shares of the social networking company’s stock valued at $5,283,000 after buying an additional 13,564 shares during the period. Legal & General Group Plc increased its stake in shares of 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 period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Twitter by 26.9% in the first quarter. Envestnet Asset Management Inc. now owns 108,584 shares of the social networking company’s stock valued at $1,797,000 after buying an additional 23,030 shares during the period. 41.40% of the stock is currently owned by institutional investors.

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

To view Vetr’s full report, visit Vetr’s official website.

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