Twitter Coverage Initiated at ISI Group (TWTR)
Stock analysts at ISI Group began coverage on shares of Twitter (NYSE:TWTR) in a report issued on Tuesday. The firm set a “neutral” rating on the stock. The analysts noted that the move was a valuation call.
In other Twitter news, VP Alexander Roetter sold 9,350 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $39.58, for a total value of $370,073.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on TWTR. Analysts at Tigress Financial initiated coverage on shares of Twitter in a research note on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Macquarie upgraded shares of Twitter from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 15th. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of Twitter in a research note on Friday, July 11th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.84.
Twitter (NYSE:TWTR) traded up 0.32% on Tuesday, hitting $38.17. 8,839,738 shares of the company’s stock traded hands. Twitter has a one year low of $29.51 and a one year high of $74.73. The stock’s 50-day moving average is $37. and its 200-day moving average is $46.07. The company’s market cap is $22.289 billion. Twitter also saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 34,058,149 shares, a growth of 20.2% from the June 13th total of 28,336,170 shares. Based on an average daily volume of 30,816,973 shares, the short-interest ratio is presently 1.1 days. Approximately 10.5% of the company’s shares are sold short.
Twitter (NYSE:TWTR) last announced its earnings results 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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