Goldman Sachs Group set a $52.00 target price on Twitter (NYSE:TWTR) in a research note issued to investors on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the social networking company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Guggenheim upgraded shares of Novartis from a neutral rating to a buy rating and set a $79.16 price target on the stock in a research note on Wednesday, April 24th. UBS Group boosted their price target on shares of W. R. Berkley from $53.00 to $56.00 and gave the stock a sell rating in a report on Wednesday, April 24th. SunTrust Banks downgraded shares of KEYW from a buy rating to a hold rating and boosted their price target for the stock from $11.00 to $11.25 in a report on Monday, April 22nd. Cowen raised shares of Twitter from an underperform rating to a market perform rating in a report on Tuesday, April 23rd. Finally, BMO Capital Markets boosted their price target on shares of Inflarx to $64.00 and gave the stock an outperform rating in a report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have given a buy rating to the company. Twitter currently has an average rating of Hold and a consensus target price of $40.56.

TWTR stock traded down $0.36 during mid-day trading on Friday, hitting $41.16. The stock had a trading volume of 9,988,428 shares, compared to its average volume of 12,450,704. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.33 and a quick ratio of 4.47. Twitter has a 52 week low of $26.19 and a 52 week high of $42.33. The stock has a market capitalization of $31.91 billion, a price-to-earnings ratio of 74.84, a P/E/G ratio of 2.65 and a beta of 0.57. The stock’s fifty day moving average is $36.74.

Twitter (NYSE:TWTR) last released its earnings results on Friday, July 26th. The social networking company reported $0.12 EPS for the quarter, beating the 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 firm had revenue of $841.40 million for the quarter, compared to analyst estimates of $828.07 million. During the same period last year, the firm earned $0.17 EPS. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, analysts anticipate that Twitter will post 0.67 earnings per share for the current year.

In other news, VP Matthew Derella sold 18,002 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $40.36, for a total transaction of $726,560.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vijaya Gadde sold 4,166 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $35.11, for a total value of $146,268.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,648 shares of company stock worth $3,416,272. Insiders own 2.65% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TWTR. Geode Capital Management LLC increased its holdings in shares of Twitter by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 9,133,563 shares of the social networking company’s stock valued at $262,033,000 after purchasing an additional 569,560 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Twitter in the fourth quarter valued at about $553,000. Nordea Investment Management AB increased its holdings in shares of Twitter by 2.4% in the fourth quarter. Nordea Investment Management AB now owns 37,562 shares of the social networking company’s stock valued at $1,080,000 after purchasing an additional 889 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Twitter during the fourth quarter worth about $411,000. Finally, Kentucky Retirement Systems acquired a new stake in Twitter during the fourth quarter worth about $904,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

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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