Several other brokerages have also issued reports on TWTR. JPMorgan Chase & Co. reduced their target price on shares of Twitter from $86.00 to $70.00 and set an overweight rating on the stock in a research note on Wednesday, December 15th. StockNews.com assumed coverage on shares of Twitter in a research report on Thursday, March 31st. They issued a sell rating for the company. Robert W. Baird lowered their price target on Twitter from $80.00 to $46.00 and set a neutral rating on the stock in a research report on Friday, February 11th. MKM Partners cut Twitter from a buy rating to a neutral rating and set a $49.00 price objective on the stock. in a research note on Tuesday, April 5th. Finally, Barclays dropped their price objective on Twitter from $64.00 to $34.00 and set an underweight rating on the stock in a research note on Friday, February 11th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $50.35.
Shares of NYSE:TWTR opened at $45.85 on Thursday. The company has a 50 day moving average of $37.89 and a 200-day moving average of $44.88. The firm has a market cap of $36.71 billion, a P/E ratio of -152.83 and a beta of 0.80. Twitter has a twelve month low of $31.30 and a twelve month high of $73.34. The company has a current ratio of 5.89, a quick ratio of 5.89 and a debt-to-equity ratio of 0.58.
Twitter announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 10th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the social networking company to buy up to 14% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
In other news, CFO Ned D. Segal sold 5,000 shares of the stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $35.35, for a total transaction of $176,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Robert Kaiden sold 5,614 shares of the stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $37.04, for a total transaction of $207,942.56. The disclosure for this sale can be found here. Insiders sold 15,614 shares of company stock valued at $546,043 in the last three months. 2.56% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TWTR. Amplius Wealth Advisors LLC purchased a new position in Twitter in the 4th quarter valued at approximately $31,000. Glassman Wealth Services raised its holdings in shares of Twitter by 47.1% in the 1st quarter. Glassman Wealth Services now owns 803 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 257 shares in the last quarter. Atlas Capital Advisors LLC raised its holdings in shares of Twitter by 601.3% in the 3rd quarter. Atlas Capital Advisors LLC now owns 561 shares of the social networking company’s stock valued at $34,000 after purchasing an additional 481 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Twitter by 178.8% in the 3rd quarter. Allworth Financial LP now owns 683 shares of the social networking company’s stock valued at $41,000 after purchasing an additional 438 shares in the last quarter. Finally, Concord Wealth Partners raised its holdings in shares of Twitter by 238.1% in the 4th quarter. Concord Wealth Partners now owns 977 shares of the social networking company’s stock valued at $42,000 after purchasing an additional 688 shares in the last quarter. Institutional investors and hedge funds own 78.96% of the company’s stock.
About Twitter (Get Rating)
Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted ads and Twitter amplify, follower ads, and Twitter takeover; Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces.
- Get a free copy of the StockNews.com research report on Twitter (TWTR)
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