Twitter (TWTR) Earns “Outperform” Rating from CIBC

Twitter (NYSE:TWTR)‘s stock had its “outperform” rating reaffirmed by stock analysts at CIBC in a research report issued on Wednesday, FirstToMarketsRatingsTable reports. They currently have a $44.00 price objective on the social networking company’s stock, up from their prior price objective of $33.00. CIBC’s target price would suggest a potential upside of 14.35% from the stock’s previous close.

TWTR has been the topic of a number of other reports. UBS Group raised their target price on shares of Twitter from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird increased their price target on shares of Twitter from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday. Cascend Securities reissued a “buy” rating and issued a $45.00 price target on shares of Twitter in a report on Wednesday, March 27th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Thursday, January 10th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $44.00 price target on shares of Twitter in a report on Thursday, January 10th. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.41.

NYSE:TWTR opened at $38.48 on Wednesday. Twitter has a 1 year low of $26.19 and a 1 year high of $47.79. The company has a current ratio of 4.47, a quick ratio of 4.69 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $30.54 billion, a P/E ratio of 69.96, a PEG ratio of 3.55 and a beta of 0.50.

Twitter (NYSE:TWTR) last posted its earnings results on Tuesday, April 23rd. The social networking company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.31. Twitter had a net margin of 42.20% and a return on equity of 8.37%. The business had revenue of $787.00 million for the quarter, compared to analyst estimates of $775.16 million. During the same period last year, the business posted $0.16 EPS. Twitter’s revenue was up 18.3% compared to the same quarter last year. Research analysts forecast that Twitter will post 0.46 EPS for the current year.

In related news, VP Michael Montano sold 1,250 shares of Twitter stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $34.29, for a total transaction of $42,862.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijaya Gadde sold 16,664 shares of Twitter stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $39.32, for a total transaction of $655,228.48. The disclosure for this sale can be found here. Insiders have sold a total of 797,603 shares of company stock valued at $24,834,880 over the last ninety days. 6.62% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Mosaic Family Wealth LLC increased its position in Twitter by 47.3% in the 4th quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock valued at $32,000 after acquiring an additional 355 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in Twitter by 0.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 140,404 shares of the social networking company’s stock valued at $4,035,000 after acquiring an additional 361 shares in the last quarter. Barings LLC increased its position in Twitter by 1.9% in the 4th quarter. Barings LLC now owns 22,618 shares of the social networking company’s stock valued at $650,000 after acquiring an additional 418 shares in the last quarter. State of Alaska Department of Revenue increased its position in Twitter by 0.4% in the 1st quarter. State of Alaska Department of Revenue now owns 108,208 shares of the social networking company’s stock valued at $3,557,000 after acquiring an additional 468 shares in the last quarter. Finally, Moody National Bank Trust Division increased its position in Twitter by 92.6% in the 1st quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 478 shares in the last quarter. 68.24% of the stock is owned by hedge funds and other institutional investors.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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Analyst Recommendations for Twitter (NYSE:TWTR)

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