Twitter VP Sells $975,060 in Stock (TWTR)
Twitter (NYSE:TWTR) VP Alexander Roetter sold 27,451 shares of the company’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $35.52, for a total value of $975,059.52. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on TWTR. Analysts at Wells Fargo & Co. upgraded shares of Twitter from an “underperform” rating to a “market perform” rating in a research note on Tuesday. Separately, analysts at Pacific Crest initiated coverage on shares of Twitter in a research note on Wednesday, June 4th. They set an “outperform” rating and a $45.00 price target on the stock. Finally, 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. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.64.
Twitter (NYSE:TWTR) traded up 0.30% during mid-day trading on Friday, hitting $36.90. The stock had a trading volume of 29,116,044 shares. Twitter has a 1-year low of $29.51 and a 1-year high of $74.73. The stock’s 50-day moving average is $34.63 and its 200-day moving average is $48.85. The company’s market cap is $21.547 billion. Twitter also was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 41,082,382 shares, a drop of 18.0% from the April 30th total of 50,098,350 shares. Based on an average daily volume of 38,827,438 shares, the short-interest ratio is currently 1.1 days. Currently, 12.6% of the company’s shares are sold short.
Twitter (NYSE:TWTR) last released its earnings data 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.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.
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