Piper Sandler Increases Twitter (NYSE:TWTR) Price Target to $54.20

Twitter (NYSE:TWTRGet Rating) had its price target upped by analysts at Piper Sandler from $51.50 to $54.20 in a research note issued on Thursday, The Fly reports. The firm presently has a “neutral” rating on the social networking company’s stock. Piper Sandler’s price target indicates a potential upside of 36.08% from the stock’s current price.

Several other analysts also recently weighed in on TWTR. BMO Capital Markets cut their price objective on shares of Twitter from $65.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, February 11th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $30.00 price target on shares of Twitter in a report on Friday, April 15th. Loop Capital lowered Twitter from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Jefferies Financial Group cut their target price on Twitter from $48.00 to $40.00 in a research note on Tuesday, May 24th. Finally, Oppenheimer cut shares of Twitter from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 14th. Two equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Twitter has an average rating of “Hold” and an average price target of $49.36.

Shares of Twitter stock traded up $0.53 on Thursday, reaching $39.83. 187,215 shares of the company were exchanged, compared to its average volume of 31,303,066. The firm has a market cap of $30.41 billion, a price-to-earnings ratio of 171.70 and a beta of 0.58. Twitter has a 1-year low of $31.30 and a 1-year high of $73.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 6.58 and a current ratio of 6.58. The company’s 50-day moving average is $44.08 and its two-hundred day moving average is $41.24.

Twitter (NYSE:TWTRGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The social networking company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.87. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.23 billion. Twitter had a return on equity of 3.77% and a net margin of 4.27%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. As a group, sell-side analysts forecast that Twitter will post 0.99 earnings per share for the current year.

Twitter declared that its board has authorized a stock buyback plan on Thursday, February 10th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the social networking company to reacquire up to 14% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other news, CFO Ned D. Segal sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of $32.27, for a total value of $161,350.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder H R. H. Prince Alwaleed Bin Saud acquired 490,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were purchased at an average price of $40.73 per share, with a total value of $19,957,700.00. Following the completion of the acquisition, the insider now owns 30,590,078 shares of the company’s stock, valued at approximately $1,245,933,876.94. The disclosure for this purchase can be found here. Insiders sold a total of 542,764 shares of company stock worth $20,773,371 in the last quarter. 2.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MV Capital Management Inc. increased its stake in shares of Twitter by 191.4% during the 1st quarter. MV Capital Management Inc. now owns 714 shares of the social networking company’s stock worth $28,000 after purchasing an additional 469 shares during the last quarter. Mizuho Securities Co. Ltd. raised its holdings in Twitter by 750.0% during the first quarter. Mizuho Securities Co. Ltd. now owns 748 shares of the social networking company’s stock valued at $29,000 after buying an additional 660 shares in the last quarter. Tcwp LLC acquired a new stake in shares of Twitter in the first quarter worth about $30,000. Amplius Wealth Advisors LLC acquired a new stake in shares of Twitter in the fourth quarter worth about $31,000. Finally, Glassman Wealth Services boosted its stake in shares of Twitter by 47.1% during the 1st quarter. Glassman Wealth Services now owns 803 shares of the social networking company’s stock worth $31,000 after acquiring an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 91.72% of the company’s stock.

Twitter Company Profile (Get Rating)

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.

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