Takes $219000 Position in Twitter Inc (TWTR)

Stifel Nicolaus raised shares of Twitter from a sell rating to a hold rating and raised their price target for the company from $12.00 to $17.00 in a research report on Thursday, October 26th. Cowen and Company lowered shares of Twitter from a "market perform" rating to an "underperform" rating in a research report on Thursday. Jefferies Group downgraded Twitter from a "buy" rating to a "hold" rating and decreased their price objective for the company from $20.00 to $16.00 in a report on Thursday, August 24th. They noted that the move was a valuation call. Vetr cut Twitter from a "strong-buy" rating to a "buy" rating and set a $19.82 price objective on the stock.in a report on Wednesday, October 4th. 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 stock has a consensus rating of "Hold" and an average target price of $18.68.

Twitter (NYSE:TWTR) opened at 16.41 on Friday. 11,597,400 shares of the company were exchanged, compared to its average volume of 17,500,000. 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 has a 1 year low of $14.12 and a 1 year high of $25.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. The social networking company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $590.00 million during the quarter, compared to analysts' expectations of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The firm's revenue was down 4.2% compared to the same quarter last year. analysts forecast that Twitter Inc will post 0.02 EPS for the current fiscal year. They expect $0.06 EPS, up 300.00% or $0.09 from last year's $-0.03 per share. Also, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction dated Wednesday, October 18th. The sale was disclosed in a filing with the SEC, which is available through this link.

In other news, insider Robert Kaiden sold 5,926 shares of Twitter stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $24.44, for a total transaction of $28,985.84. The disclosure for this sale can be found here. Advisory Services Network LLC now owns 4,890 shares of the social networking company's stock valued at $113,000 after buying an additional 950 shares during the period. Ledyard National Bank owns 16,795 shares or 0.03% of their U.S. portfolio.

A number of hedge funds and other institutional investors have recently modified their holdings of TWTR. Balentine LLC grew its position in Twitter by 86.6% during the 3rd quarter. Toronto Dominion Bank grew its position in Twitter by 21.3% during the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company's stock worth $136,000 after acquiring an additional 1,333 shares during the last quarter. Malaga Cove Capital LLC acquired a new position in shares of Twitter in the 3rd quarter valued at about $154,000. Finally, Staley Capital Advisers Inc. acquired a new position in shares of Twitter in the third quarter worth $173,000. (NYSE:TWTR). Bp Public Ltd Liability has 0.05% invested in Twitter, Inc. PA purchased a new stake in shares of Twitter during the second quarter worth about $174,000.

TRADEMARK VIOLATION WARNING: This report was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another site, it was copied illegally and republished in violation of worldwide trademark & 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. "The end result has been not just more users of the Twitter platform, but a far more engaged user base coming back more often on a daily basis and spending significantly more time on the platform each day (global DAU growth chart shown embedded to the right)". Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.

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