Twitter (TWTR) Upgraded to Strong-Buy by Vetr
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.
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.
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.
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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.
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