Twitter (NYSE:TWTR) was upgraded by Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued on Tuesday, The Fly reports.

Several other analysts also recently weighed in on TWTR. Cascend Securities assumed coverage on shares of Twitter in a report on Wednesday, April 11th. They issued a “buy” rating and a $36.00 target price for the company. Zacks Investment Research downgraded shares of Twitter from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 13th. Pivotal Research dropped their target price on shares of Twitter from $21.00 to $20.00 and set a “sell” rating for the company in a report on Monday, April 2nd. Stifel Nicolaus set a $26.00 target price on shares of Twitter and gave the company a “hold” rating in a report on Thursday, February 8th. Finally, Bank of America lifted their target price on shares of Twitter from $20.00 to $26.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Seven research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.01.

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Twitter stock opened at $28.58 on Tuesday. Twitter has a fifty-two week low of $14.12 and a fifty-two week high of $36.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 9.12 and a quick ratio of 9.12. The company has a market capitalization of $21,596.02, a P/E ratio of 476.33, a P/E/G ratio of 7.82 and a beta of 0.86.

Twitter (NYSE:TWTR) last posted its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.77%. The firm had revenue of $731.60 million during the quarter, compared to the consensus estimate of $686.12 million. During the same quarter last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. sell-side analysts expect that Twitter will post 0.17 EPS for the current year.

In related news, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $22.33, for a total value of $409,688.51. Following the completion of the sale, the director now directly owns 2,254,971 shares of the company’s stock, valued at $50,353,502.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Matthew Derella sold 7,008 shares of the business’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $27.80, for a total transaction of $194,822.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,791,755 shares of company stock valued at $88,096,879. 9.18% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. CNB Bank purchased a new stake in shares of Twitter in the fourth quarter valued at about $101,000. Avestar Capital LLC purchased a new stake in shares of Twitter in the fourth quarter valued at about $103,000. We Are One Seven LLC purchased a new stake in shares of Twitter in the fourth quarter valued at about $128,000. Pier Capital LLC purchased a new stake in shares of Twitter in the fourth quarter valued at about $175,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Twitter in the third quarter valued at about $200,000. 54.69% of the stock is owned by institutional investors and hedge funds.

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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 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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