Twitter Coverage Initiated by Analysts at Raymond James (TWTR)
Equities research analysts at Raymond James initiated coverage on shares of Twitter (NYSE:TWTR) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
TWTR has been the subject of a number of other recent research reports. Analysts at ISI Group initiated coverage on shares of Twitter in a research note on Tuesday. They set a “neutral” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Tigress Financial initiated coverage on shares of Twitter in a research note on Tuesday. They set a “neutral” rating on the stock. Finally, analysts at Macquarie upgraded shares of Twitter from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 15th. Three investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Twitter presently has a consensus rating of “Hold” and a consensus price target of $44.84.
Shares of Twitter (NYSE:TWTR) traded up 2.54% on Thursday, hitting $38.71. 22,105,562 shares of the company’s stock traded hands. Twitter has a 1-year low of $29.51 and a 1-year high of $74.73. The stock has a 50-day moving average of $38.19 and a 200-day moving average of $45.73. The company’s market cap is $22.604 billion. Twitter also was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 34,058,149 shares, an increase of 20.2% from the June 13th total of 28,336,170 shares. Approximately 10.5% of the company’s shares are sold short. Based on an average daily trading volume, of 30,816,973 shares, the days-to-cover ratio is currently 1.1 days.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.
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