Morgan Stanley Reiterates Equal Weight Rating for Twitter (NYSE:TWTR)

Twitter (NYSE:TWTR)‘s stock had its “equal weight” rating restated by Morgan Stanley in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a $35.00 price objective on the social networking company’s stock, up from their prior price objective of $32.00. Morgan Stanley’s price objective would suggest a potential downside of 16.81% from the company’s current price.

Several other research analysts have also commented on TWTR. SunTrust Banks raised their price objective on shares of Twitter to $41.00 and gave the company a “hold” rating in a research note on Monday, July 29th. They noted that the move was a valuation call. Cfra raised shares of Twitter to a “hold” rating and set a $41.00 target price on the stock in a report on Wednesday, July 31st. Moffett Nathanson reduced their target price on shares of Twitter from $28.00 to $25.00 and set a “sell” rating on the stock in a report on Thursday, June 13th. Cowen raised shares of Twitter from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 23rd. Finally, Goldman Sachs Group set a $52.00 target price on shares of Twitter and gave the company a “buy” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.91.

Shares of NYSE TWTR traded up $0.34 during midday trading on Tuesday, hitting $42.07. The company’s stock had a trading volume of 12,587,774 shares, compared to its average volume of 16,372,301. The company’s fifty day moving average price is $38.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.33 and a quick ratio of 4.33. Twitter has a 1 year low of $26.19 and a 1 year high of $43.48. The stock has a market capitalization of $31.21 billion, a price-to-earnings ratio of 76.49, a price-to-earnings-growth ratio of 0.92 and a beta of 0.62.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Friday, July 26th. The social networking company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Twitter had a net margin of 71.46% and a return on equity of 7.93%. The business had revenue of $841.40 million during the quarter, compared to analyst estimates of $828.07 million. During the same quarter last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, equities analysts forecast that Twitter will post 1.87 EPS for the current fiscal year.

In other news, Director David S. Rosenblatt sold 40,000 shares of Twitter stock in a transaction on Friday, July 26th. The shares were sold at an average price of $40.04, for a total value of $1,601,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Matthew Derella sold 10,793 shares of Twitter stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $35.31, for a total transaction of $381,100.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,282 shares of company stock worth $5,721,507. 2.65% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in TWTR. First Financial Corp IN acquired a new position in shares of Twitter in the 1st quarter valued at $33,000. Moody National Bank Trust Division grew 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 buying an additional 478 shares during the last quarter. Asset Dedication LLC purchased a new position in Twitter in the 1st quarter valued at $33,000. Cullen Frost Bankers Inc. purchased a new position in Twitter in the 1st quarter valued at $33,000. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Twitter by 265.8% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,101 shares of the social networking company’s stock valued at $40,000 after buying an additional 800 shares during the last quarter. 67.45% of the stock is currently owned by institutional investors and hedge funds.

About Twitter

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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