Twitter Inc (NYSE:TWTR)‘s stock had its “buy” rating reissued by Goldman Sachs in a research report issued to clients and investors on Tuesday, Analyst Ratings Net reports. They presently have a $28.00 price target on the social networking company’s stock, down from their previous price target of $40.00. Goldman Sachs’ target price points to a potential upside of 66.87% from the company’s current price.

A number of other research firms have also recently commented on TWTR. Axiom Securities upgraded Twitter from a “hold” rating to a “buy” rating and reduced their price target for the stock from $40.00 to $37.00 in a report on Monday, October 5th. Cantor Fitzgerald reiterated a “buy” rating and set a $50.00 price target on shares of Twitter in a report on Monday, October 5th. Topeka Capital Markets upgraded Twitter from a “hold” rating to a “buy” rating in a report on Monday, October 5th. Pacific Crest reduced their price target on Twitter from $52.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Finally, Wells Fargo reiterated a “market perform” rating on shares of Twitter in a report on Thursday, October 29th. Four analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Twitter presently has an average rating of “Hold” and an average target price of $33.26.

In related news, VP Kevin Weil sold 23,318 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $29.38, for a total value of $685,082.84. Following the completion of the transaction, the vice president now directly owns 927,714 shares of the company’s stock, valued at approximately $27,256,237.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Evan Clark Williams sold 1,848,342 shares of the firm’s stock in a transaction that occurred on Monday, November 30th. The stock was sold at an average price of $25.25, for a total transaction of $46,670,635.50. Following the completion of the transaction, the director now directly owns 2,720,602 shares of the company’s stock, valued at $68,695,200.50. The disclosure for this sale can be found here.

Twitter (NYSE:TWTR) traded down 1.85% during midday trading on Tuesday, reaching $16.47. The company had a trading volume of 14,629,402 shares. The company’s market capitalization is $11.13 billion. The stock’s 50 day moving average is $21.11 and its 200 day moving average is $26.83. Twitter has a one year low of $15.48 and a one year high of $53.49.

A number of hedge funds have recently bought and sold shares of the company. Mackay Shields purchased a new stake in Twitter during the fourth quarter valued at about $15,077,000. Verde Servico Internacionais purchased a new stake in Twitter during the fourth quarter valued at about $626,070,000. Wellcome Trust boosted its stake in Twitter by 0.8% in the fourth quarter. Wellcome Trust now owns 7,000,000 shares of the social networking company’s stock valued at $161,980,000 after buying an additional 55,134 shares in the last quarter. Eagle Asset Management boosted its stake in Twitter by 103.3% in the third quarter. Eagle Asset Management now owns 468,734 shares of the social networking company’s stock valued at $12,626,000 after buying an additional 238,119 shares in the last quarter. Finally, Russell Frank Co boosted its stake in Twitter by 1,468.0% in the fourth quarter. Russell Frank Co now owns 463,178 shares of the social networking company’s stock valued at $10,297,000 after buying an additional 433,639 shares in the last quarter.

Twitter, Inc. (NYSE:TWTR) is a global platform for public self-expression and conversation in real time. The Company offers products and services for users, advertisers, developers and platform and data partners. Products and services for users enables a way for people to create, distribute and discover content, which enables a user on Twitter to create a tweet and a user to follow other users. Products and services for advertisers consist of promoted products, which enable its advertisers to promote their brands, products and services, and extend the conversation around their advertising message. Products for platform partners and developers provide a set of tools, public application program interface (APIs) and embeddable widgets that developers use to contribute their content to its platform, syndicate and distribute its content across their properties. Products for data partners offer subscription access to its public data feed.

12 Month Chart for NYSE:TWTR

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