Twitter, Inc. (NYSE:TWTR) had its target price dropped by equities research analysts at Bank of America Corporation to $14.50 in a note issued to investors on Friday. The firm set a "buy" rating and a $26.00 price target on the social networking company's stock. That new target suggests a 23% upside to the stock's Thursday closing price of $24.35.
Other equities research analysts have also issued reports about the stock. KeyCorp reissued a "hold" rating on shares of Twitter in a report on Friday, August 25th. RBC Capital Markets decreased their price objective on shares of Twitter to $12.00 in a research report on Thursday. BidaskClub upgraded shares of Twitter from a "hold" rating to a "buy" rating in a research note on Friday, September 15th. Argus raised shares of Twitter from a hold rating to a buy rating and raised their price target for the company from $19.71 to $25.00 in a research report on Friday, November 3rd. Twelve research analysts have rated the stock with a sell rating, twenty have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company now has an average rating of "Hold" and a consensus target price of $17.34.
Twitter (NYSE TWTR) traded up $0.10 during mid-day trading on Monday, hitting $24.35. 37,046,059 shares of the company traded hands, compared to its average volume of 17,420,000. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. The firm has a market cap of $18,870.00, a PE ratio of -49.82, a P/E/G ratio of 11.70 and a beta of 1.11. Twitter, Inc. (NYSE:TWTR) has risen 29.68% since January 13, 2017 and is uptrending.
Twitter (NYSE:TWTR) last announced its quarterly earnings results on Thursday, October 26th. After $0.02 actual EPS reported by Twitter, Inc. for the previous quarter, Wall Street now forecasts 200.00% EPS growth. The firm had revenue of $590.00 million during the quarter, compared to analysts' expectations of $586.22 million. Twitter had a negative net margin of 15.08% and a negative return on equity of 1.21%. The business's quarterly revenue was down 4.2% on a year-over-year basis. research analysts anticipate that Twitter will post 0.02 EPS for the current year.
In other Twitter news, insider Robert Kaiden sold 1,186 shares of the firm's stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $19.51, for a total value of $115,616.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Evan Clark Williams sold 18,347 shares of the stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $18.19, for a total value of $272,850.00. The stock has "Buy" rating by Wells Fargo on Tuesday, January 9. The disclosure for this sale can be found here. Insiders sold 5,317,365 shares of company stock worth $113,170,704 over the last three months.
A number of hedge funds have recently made changes to their positions in TWTR. Balentine LLC boosted its position in shares of Twitter by 86.6% during the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company's stock worth $115,000 after acquiring an additional 3,167 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of 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. Malaga Cove Capital LLC acquired a new position in shares of Twitter in the third quarter worth $154,000. Finally, Staley Capital Advisers Inc. acquired a new position in shares of Twitter in the third quarter worth $173,000.
According to the latest data, investors are looking at Twitter, Inc. PA bought a new position in Twitter during the 2nd quarter valued at about $174,000. If you are reading this piece of content on another publication, it was stolen and republished in violation of US and worldwide trademark and copyright laws. The legal version of this report can be read at https://stocknewstimes.com/2018/01/12/twitter-twtr-research-coverage-started-at-summit-redstone.html. The Company's products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends.