Insider Selling: Twitter Insider Sells 19,448 Shares of Stock (TWTR)
Twitter (NYSE:TWTR) Insider Adam Bain unloaded 19,448 shares of the stock on the open market in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $45.34, for a total transaction of $881,772.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TWTR. Analysts at Zacks reiterated a “neutral” rating on shares of Twitter in a research note on Friday. They now have a $47.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Twitter from $42.00 to $48.00 in a research note on Thursday. Finally, analysts at Bernstein raised their price target on shares of Twitter from $40.00 to $50.00 in a research note on Thursday. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company. Twitter has a consensus rating of “Hold” and a consensus target price of $51.85.
Twitter (NYSE:TWTR) traded down 2.35% during mid-day trading on Friday, hitting $44.13. The stock had a trading volume of 37,194,768 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 $39.36 and a 200-day moving average of $44.95. The company’s market cap is $26.284 billion.
Twitter (NYSE:TWTR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.03. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $282.44 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 124.0% on a year-over-year basis. On average, analysts predict that Twitter will post $0.09 earnings per share 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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