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Research analysts at Pacific Crest initiated coverage on shares of Twitter (NYSE:TWTR) in a report released on Wednesday. The firm set an “outperform” rating on the stock.

TWTR has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald upgraded shares of Twitter from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. They now have a $40.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Nomura upgraded shares of Twitter from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 28th. They now have a $43.00 price target on the stock, up previously from $40.00. They noted that the move was a valuation call. Finally, analysts at Wunderlich upgraded shares of Twitter from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. They now have a $35.00 price target on the stock, down previously from $38.00. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $45.67.

Twitter (NYSE:TWTR) traded up 0.98% during mid-day trading on Wednesday, hitting $32.90. The stock had a trading volume of 24,833,908 shares. Twitter has a 52 week low of $29.51 and a 52 week high of $74.73. The stock has a 50-day moving average of $36.56 and a 200-day moving average of $49.32. The company’s market cap is $19.211 billion. Twitter also was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 41,082,382 shares, a decrease of 18.0% from the April 30th total of 50,098,350 shares. Currently, 12.6% of the company’s shares are sold short. Based on an average daily volume of 38,827,438 shares, the days-to-cover ratio is presently 1.1 days.

Twitter (NYSE:TWTR) last announced its earnings results on Tuesday, April 29th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.19. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $240.90 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 119.7% on a year-over-year basis. Analysts expect that Twitter will post $0.04 EPS for the current fiscal year.

In other Twitter news, VP Luca Baratta sold 73,377 shares of the stock on the open market in a transaction dated Thursday, May 29th. The stock was sold at an average price of $35.00, for a total transaction of $2,568,195.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Twitter, Inc (NYSE:TWTR), is a global platform for public self-expression and conversation in real time.

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