Twitter (NYSE:TWTR) PT Raised to $54.00

Twitter (NYSE:TWTRGet Rating) had its price target boosted by Wedbush from $42.00 to $54.00 in a note issued to investors on Tuesday, The Fly reports. Wedbush’s price target would suggest a potential upside of 4.45% from the company’s current price.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $30.00 price target on shares of Twitter in a research note on Friday, April 15th. StockNews.com initiated coverage on shares of Twitter in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Twitter from $35.00 to $54.20 and gave the company a “hold” rating in a research note on Tuesday. Piper Sandler decreased their price target on shares of Twitter from $54.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, February 11th. Finally, Cowen cut their price target on Twitter from $67.00 to $50.00 in a report on Thursday, January 13th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.65.

Shares of TWTR opened at $51.70 on Tuesday. The business’s 50-day moving average is $39.63 and its two-hundred day moving average is $43.84. The company has a market capitalization of $39.48 billion, a P/E ratio of -172.33 and a beta of 0.80. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.89 and a current ratio of 5.89. Twitter has a fifty-two week low of $31.30 and a fifty-two week high of $73.34.

Twitter (NYSE:TWTRGet Rating) last posted its earnings results on Thursday, February 10th. The social networking company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Twitter had a negative return on equity of 4.37% and a negative net margin of 4.36%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 21.6% on a year-over-year basis. Analysts forecast that Twitter will post -0.05 EPS for the current year.

Twitter announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 10th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the social networking company to reacquire up to 14% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

In other news, CAO Robert Kaiden sold 5,614 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ned D. Segal sold 5,000 shares of Twitter stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $32.27, for a total value of $161,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,614 shares of company stock worth $781,743 in the last three months. Corporate insiders own 2.56% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWTR. Lone Pine Capital LLC grew its stake in shares of Twitter by 117.4% in the 3rd quarter. Lone Pine Capital LLC now owns 21,533,828 shares of the social networking company’s stock valued at $1,300,428,000 after purchasing an additional 11,630,881 shares during the last quarter. ARK Investment Management LLC grew its stake in shares of Twitter by 25.1% in the 4th quarter. ARK Investment Management LLC now owns 17,245,755 shares of the social networking company’s stock valued at $745,362,000 after purchasing an additional 3,460,856 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Twitter by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 14,314,021 shares of the social networking company’s stock valued at $617,134,000 after buying an additional 378,646 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Twitter by 16.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,467,698 shares of the social networking company’s stock valued at $538,854,000 after buying an additional 1,731,554 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its stake in shares of Twitter by 30.4% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 10,297,193 shares of the social networking company’s stock valued at $448,546,000 after buying an additional 2,400,339 shares in the last quarter. 78.96% of the stock is currently owned by institutional investors.

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.

Recommended Stories

The Fly logo

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.