Twitter (NYSE:TWTR) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The firm presently has a $35.33 price target on the social networking company’s stock. Vetr‘s target price suggests a potential upside of 12.70% from the company’s current price.

Other research analysts have also issued reports about the stock. Summit Redstone started coverage on shares of Twitter in a research note on Monday, December 18th. They issued a “buy” rating and a $26.00 target price on the stock. Aegis raised shares of Twitter from a “sell” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Friday, January 12th. BTIG Research raised their target price on shares of Twitter from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Finally, Pivotal Research reissued a “hold” rating and issued a $21.00 target price on shares of Twitter in a research note on Wednesday, January 10th. Eight investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Twitter presently has an average rating of “Hold” and a consensus price target of $23.54.

How to Become a New Pot Stock Millionaire

Twitter (TWTR) traded down $3.63 on Tuesday, reaching $31.35. 82,756,482 shares of the company’s stock were exchanged, compared to its average volume of 31,634,604. The company has a debt-to-equity ratio of 0.34, a current ratio of 9.12 and a quick ratio of 9.12. Twitter has a twelve month low of $14.12 and a twelve month high of $36.80. The stock has a market cap of $26,717.19, a price-to-earnings ratio of -195.94, a price-to-earnings-growth ratio of 9.52 and a beta of 0.81.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $686.12 million. During the same period last year, the company posted $0.11 EPS. The business’s revenue was up 2.0% on a year-over-year basis. sell-side analysts forecast that Twitter will post 0.17 EPS for the current year.

In related news, Director Evan Clark Williams sold 546,200 shares of Twitter stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $35.22, for a total value of $19,237,164.00. Following the completion of the sale, the director now owns 2,147,751 shares in the company, valued at approximately $75,643,790.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $23.28, for a total transaction of $349,200.00. The disclosure for this sale can be found here. Insiders sold a total of 2,282,379 shares of company stock valued at $70,559,388 in the last quarter. 9.18% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. CNB Bank acquired a new stake in Twitter in the 4th quarter valued at approximately $101,000. Avestar Capital LLC acquired a new stake in Twitter in the 4th quarter valued at approximately $103,000. We Are One Seven LLC acquired a new stake in Twitter in the 4th quarter valued at approximately $128,000. Balentine LLC increased its holdings in Twitter by 86.6% in the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after purchasing an additional 3,167 shares during the last quarter. Finally, Pier Capital LLC acquired a new stake in Twitter in the 4th quarter valued at approximately $175,000. Hedge funds and other institutional investors own 54.65% of the company’s stock.

WARNING: This article was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2018/03/21/twitter-twtr-upgraded-to-strong-buy-by-vetr.html.

About Twitter

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.

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

Analyst Recommendations for Twitter (NYSE:TWTR)

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.