Twitter VP Alexander Roetter Sells 12,494 Shares (TWTR)
Twitter (NYSE:TWTR) VP Alexander Roetter sold 12,494 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $31.76, for a total transaction of $396,809.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on TWTR. Analysts at Pacific Crest initiated coverage on shares of Twitter in a research note on Wednesday. They set an “outperform” rating on the stock. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $45.67.
Twitter (NYSE:TWTR) traded up 0.98% on Wednesday, hitting $32.90. The stock had a trading volume of 24,863,032 shares. Twitter has a 52-week low of $29.51 and a 52-week high of $74.73. The stock’s 50-day moving average is $36.18 and its 200-day moving average is $49.20. The company’s market cap is $19.211 billion. Twitter also saw a large decline in short interest in May. As of May 15th, there was short interest totalling 41,082,382 shares, a decline of 18.0% from the April 30th total of 50,098,350 shares. Based on an average daily trading volume, of 38,827,438 shares, the short-interest ratio is currently 1.1 days. Currently, 12.6% of the shares of the stock are short sold.
Twitter (NYSE:TWTR) last released its earnings data on Tuesday, April 29th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 119.7% on a year-over-year basis. Analysts expect that Twitter will post $0.04 EPS for the current fiscal year.
Twitter, Inc (NYSE:TWTR), is a global platform for public self-expression and conversation in real time.
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