Twitter (NYSE:TWTR – Get Rating) was downgraded by research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday, The Fly reports.
A number of other equities analysts also recently commented on TWTR. MKM Partners downgraded Twitter from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a report on Tuesday, April 5th. Morgan Stanley raised their price objective on Twitter from $57.00 to $59.00 and gave the stock an “equal weight” rating in a report on Friday, February 11th. Bank of America cut their price objective on Twitter from $79.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, February 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Twitter in a report on Friday, March 11th. They issued a “hold” rating and a $35.00 price objective on the stock. Finally, Stifel Nicolaus initiated coverage on Twitter in a report on Tuesday, February 1st. They set a “hold” rating and a $39.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $49.39.
Shares of NYSE:TWTR opened at $45.08 on Thursday. The stock’s 50-day moving average price is $38.23 and its two-hundred day moving average price is $44.62. 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 has a 12-month low of $31.30 and a 12-month high of $73.34. The firm has a market cap of $34.42 billion, a price-to-earnings ratio of -150.26 and a beta of 0.80.
Twitter declared that its Board of Directors has approved a stock repurchase program 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 programs are often an indication that the company’s management believes its shares are undervalued.
In related news, CFO Ned D. Segal sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $32.27, for a total transaction of $161,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Robert Kaiden sold 5,614 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $37.04, for a total value of $207,942.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,614 shares of company stock valued at $781,743. Insiders own 2.56% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Avestar Capital LLC boosted its position in Twitter by 2.0% during the 3rd quarter. Avestar Capital LLC now owns 9,347 shares of the social networking company’s stock worth $564,000 after acquiring an additional 187 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in shares of Twitter by 4.4% during the third quarter. Capital Investment Advisory Services LLC now owns 4,999 shares of the social networking company’s stock worth $302,000 after purchasing an additional 209 shares during the period. Buckley Wealth Management LLC grew its position in Twitter by 1.6% during the third quarter. Buckley Wealth Management LLC now owns 14,136 shares of the social networking company’s stock valued at $854,000 after purchasing an additional 220 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Twitter by 5.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,036 shares of the social networking company’s stock valued at $304,000 after buying an additional 250 shares during the period. Finally, Signaturefd LLC lifted its position in Twitter by 2.6% in the 3rd quarter. Signaturefd LLC now owns 9,748 shares of the social networking company’s stock worth $589,000 after buying an additional 251 shares in the last quarter. 78.96% of the stock is currently owned by hedge funds and other institutional investors.
Twitter Company Profile (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.
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