Twitter, Inc. (NYSE:TWTR) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday.

TWTR has been the subject of a number of other research reports. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 price objective on shares of Twitter in a research report on Sunday, July 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Twitter in a research report on Tuesday, July 25th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $15.00 price objective on shares of Twitter in a research report on Saturday, July 22nd. Vetr raised shares of Twitter from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, June 27th. Finally, Wedbush lowered shares of Twitter from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $14.00 to $16.00 in a research report on Monday, July 24th. Fifteen analysts have rated the stock with a sell rating, twenty-three have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.44.

Shares of Twitter (TWTR) opened at 17.85 on Friday. The stock’s 50 day moving average price is $17.23 and its 200-day moving average price is $17.12. Twitter has a 12 month low of $14.12 and a 12 month high of $20.88. The stock’s market capitalization is $13.08 billion.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, July 27th. The social networking company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The firm had revenue of $574.00 million during the quarter, compared to analyst estimates of $536.63 million. Twitter had a negative net margin of 18.25% and a negative return on equity of 2.91%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. Equities analysts forecast that Twitter will post $0.33 earnings per share for the current fiscal year.

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In related news, Director Evan Clark Williams sold 9,845 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $17.02, for a total transaction of $167,561.90. Following the sale, the director now directly owns 2,636,518 shares in the company, valued at $44,873,536.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Kaiden sold 3,695 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $16.78, for a total transaction of $62,002.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,253,600 shares of company stock worth $40,779,711. 10.79% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Ardsley Advisory Partners grew its position in Twitter by 100.0% in the second quarter. Ardsley Advisory Partners now owns 20,000 shares of the social networking company’s stock valued at $357,000 after purchasing an additional 10,000 shares in the last quarter. Intl Fcstone Inc. grew its position in Twitter by 174.1% in the second quarter. Intl Fcstone Inc. now owns 37,151 shares of the social networking company’s stock valued at $664,000 after purchasing an additional 23,599 shares in the last quarter. Toronto Dominion Bank grew its position in Twitter by 21.3% in the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock valued at $136,000 after purchasing an additional 1,333 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Twitter in the second quarter valued at $211,000. Finally, Public Employees Retirement System of Ohio grew its position in Twitter by 2.3% in the second quarter. Public Employees Retirement System of Ohio now owns 284,027 shares of the social networking company’s stock valued at $5,076,000 after purchasing an additional 6,446 shares in the last quarter. Institutional investors and hedge funds own 49.14% of the company’s stock.

Twitter Company Profile

Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

Analyst Recommendations for Twitter (NYSE:TWTR)

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