Twitter (NYSE:TWTR) had its price objective raised by research analysts at Nomura from $33.00 to $38.00 in a note issued to investors on Monday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the social networking company’s stock. Nomura’s price target suggests a potential downside of 7.90% from the stock’s current price.

Several other research analysts have also commented on the company. Wells Fargo & Co boosted their price target on Twitter from $33.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Loop Capital began coverage on TENCENT HOLDING/ADR in a research report on Monday, June 3rd. They issued a “buy” rating for the company. Consumer Edge began coverage on Twitter in a research report on Friday, May 17th. They issued an “equal weight” rating and a $38.30 price target for the company. Rosenblatt Securities began coverage on Twitter in a research report on Tuesday, July 23rd. They issued a “neutral” rating and a $38.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price target on Teck Resources from C$56.00 to C$55.00 in a research 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 issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.56.

TWTR traded down $0.26 during trading hours on Monday, reaching $41.26. 420,929 shares of the company’s stock traded hands, compared to its average volume of 12,450,704. The company’s 50-day moving average price is $36.74. Twitter has a 52-week low of $26.19 and a 52-week high of $42.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.33 and a quick ratio of 4.47. The firm has a market capitalization of $31.91 billion, a price-to-earnings ratio of 75.42, a PEG ratio of 2.65 and a beta of 0.57.

Twitter (NYSE:TWTR) last issued its earnings results on Friday, July 26th. The social networking company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The business had revenue of $841.40 million during the quarter, compared to analyst estimates of $828.07 million. Twitter had a return on equity of 7.93% and a net margin of 71.46%. Twitter’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. Sell-side analysts forecast that Twitter will post 0.67 EPS for the current fiscal year.

In other news, CAO Robert Kaiden sold 7,491 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $35.80, for a total value of $268,177.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Vijaya Gadde sold 4,166 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was 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. In the last quarter, insiders have sold 90,648 shares of company stock worth $3,416,272. Company insiders own 2.65% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Moody National Bank Trust Division boosted its stake in shares of Twitter by 92.6% in the first quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock worth $33,000 after buying an additional 478 shares during the last quarter. First Financial Corp IN acquired a new position in Twitter in the 1st quarter worth about $33,000. Asset Dedication LLC acquired a new position in Twitter in the 1st quarter worth about $33,000. Cullen Frost Bankers Inc. acquired a new position in Twitter in the 1st quarter worth about $33,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in Twitter in the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

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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