Mediaboss Marketing

Twitter (NYSE:TWTR Get Rating) had its price target increased by Wedbush from $30.00 to $50.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage presently has a neutral rating on the social networking companys stock. Wedbushs price target would suggest a potential upside of 13.79% from the stocks current price.

Several other brokerages have also recently commented on TWTR. Moffett Nathanson reduced their price target on Twitter to $34.00 in a research report on Monday, July 25th. Citigroup increased their price target on Twitter from $36.00 to $40.00 and gave the company a neutral rating in a research report on Monday, July 25th. The Goldman Sachs Group reaffirmed a sell rating and issued a $30.00 price objective on shares of Twitter in a research report on Friday, April 15th. Susquehanna Bancshares cut Twitter to a neutral rating and cut their price objective for the company from $50.00 to $45.00 in a research report on Friday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Twitter from $35.00 to $54.20 and gave the company a hold rating in a research report on Tuesday, April 26th. Three analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $44.75.

NYSE:TWTR opened at $43.94 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 7.15 and a current ratio of 7.15. The company has a market cap of $33.62 billion, a PE ratio of -219.70 and a beta of 0.62. Twitter has a 52-week low of $31.30 and a 52-week high of $68.41. The stock has a 50-day simple moving average of $39.06 and a 200 day simple moving average of $39.68.

In other news, major shareholder H R. H. Prince Alwaleed Bin Saud sold 490,000 shares of Twitter stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $37.27, for a total value of $18,262,300.00. Following the transaction, the insider now owns 30,100,078 shares in the company, valued at approximately $1,121,829,907.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder H R. H. Prince Alwaleed Bin Saud sold 490,000 shares of Twitter stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $37.27, for a total value of $18,262,300.00. Following the transaction, the insider now owns 30,100,078 shares in the company, valued at approximately $1,121,829,907.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kayvon Beykpour sold 14,878 shares of the firms stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $41.09, for a total value of $611,337.02. Following the sale, the insider now directly owns 396,341 shares in the company, valued at approximately $16,285,651.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 546,266 shares of company stock worth $20,448,640. Insiders own 2.70% of the companys stock.

Several hedge funds have recently modified their holdings of TWTR. MV Capital Management Inc. boosted its holdings in shares of Twitter by 191.4% during the 1st quarter. MV Capital Management Inc. now owns 714 shares of the social networking companys stock valued at $28,000 after acquiring an additional 469 shares in the last quarter. Moisand Fitzgerald Tamayo LLC lifted its holdings in Twitter by 200.0% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 750 shares of the social networking companys stock worth $28,000 after buying an additional 500 shares during the period. Mizuho Securities Co. Ltd. lifted its holdings in Twitter by 750.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 748 shares of the social networking companys stock worth $29,000 after buying an additional 660 shares during the period. Tcwp LLC acquired a new position in Twitter during the 1st quarter worth about $30,000. Finally, Glassman Wealth Services lifted its holdings in Twitter by 47.1% during the 1st quarter. Glassman Wealth Services now owns 803 shares of the social networking companys stock worth $31,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 91.72% of the companys stock.

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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.

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Twitter (NYSE:TWTR) PT Raised to $50.00 - Defense World