Twitter, Inc. (NYSE:TWTR) Receives $43.50 Average Target Price from Analysts

Twitter, Inc. (NYSE:TWTRGet Rating) has been given an average recommendation of “Hold” by the thirty-six research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, twenty-five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $43.50.

A number of brokerages have weighed in on TWTR. Susquehanna Bancshares downgraded shares of Twitter to a “neutral” rating and cut their price target for the company from $50.00 to $45.00 in a report on Friday, August 5th. Citigroup upped their price target on shares of Twitter from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, July 25th. Jefferies Financial Group set a $40.00 price objective on shares of Twitter in a research note on Monday, July 11th. Rosenblatt Securities lowered shares of Twitter from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $52.00 to $37.00 in a research note on Wednesday, August 24th. Finally, Truist Financial reduced their price objective on shares of Twitter from $50.00 to $43.00 and set a “hold” rating for the company in a research note on Tuesday, July 19th.

Insider Buying and Selling

In related news, insider Nick V. Caldwell sold 10,921 shares of the stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $38.38, for a total value of $419,147.98. Following the transaction, the insider now owns 374,468 shares in the company, valued at $14,372,081.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Twitter news, CFO Ned D. Segal sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $42.80, for a total transaction of $214,000.00. Following the transaction, the chief financial officer now owns 688,333 shares in the company, valued at $29,460,652.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nick V. Caldwell sold 10,921 shares of the stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $38.38, for a total value of $419,147.98. Following the transaction, the insider now owns 374,468 shares in the company, valued at approximately $14,372,081.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,799 shares of company stock worth $1,598,285. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Twitter

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MV Capital Management Inc. boosted its position in shares of Twitter by 191.4% in the first quarter. MV Capital Management Inc. now owns 714 shares of the social networking company’s stock valued at $28,000 after acquiring an additional 469 shares during the period. Mizuho Securities Co. Ltd. boosted its position in shares of Twitter by 750.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 748 shares of the social networking company’s stock valued at $29,000 after acquiring an additional 660 shares during the period. Moisand Fitzgerald Tamayo LLC boosted its position in shares of Twitter by 200.0% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 750 shares of the social networking company’s stock valued at $28,000 after acquiring an additional 500 shares during the period. Heritage Wealth Management LLC bought a new stake in shares of Twitter in the second quarter valued at approximately $28,000. Finally, Kistler Tiffany Companies LLC bought a new stake in shares of Twitter in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 72.10% of the company’s stock.

Twitter Stock Performance

Shares of TWTR opened at $42.19 on Thursday. The firm has a 50-day moving average price of $40.29 and a 200 day moving average price of $40.62. The firm has a market capitalization of $32.29 billion, a PE ratio of -210.95 and a beta of 0.65. The company has a quick ratio of 7.15, a current ratio of 7.15 and a debt-to-equity ratio of 0.88. Twitter has a 52-week low of $31.30 and a 52-week high of $68.41.

Twitter (NYSE:TWTRGet Rating) last issued its quarterly earnings results on Friday, July 22nd. The social networking company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.31). Twitter had a negative net margin of 2.14% and a negative return on equity of 0.82%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $0.04 earnings per share. Twitter’s revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Twitter will post 0.29 earnings per share for the current fiscal year.

Twitter Company Profile

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Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.

Further Reading

Analyst Recommendations for Twitter (NYSE:TWTR)

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