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Equities researchers at Stifel Nicolaus began coverage on shares of Twitter (NYSE:TWTR) in a research report issued on Wednesday. The firm set a “hold” rating on the stock.

Shares of Twitter (NYSE:TWTR) opened at 43.81 on Wednesday. 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 $40.35 and its 200-day moving average is $43.91. The company’s market cap is $26.094 billion. Twitter also was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 31,283,622 shares, a decrease of 7.6% from the July 15th total of 33,866,845 shares. Based on an average trading volume of 33,509,128 shares, the short-interest ratio is presently 0.9 days. Approximately 8.7% of the shares of the company are short sold.

Twitter (NYSE:TWTR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.12) earnings per share. Twitter’s revenue was up 124.0% compared to the same quarter last year. On average, analysts predict that Twitter will post $0.10 earnings per share for the current fiscal year.

A number of other firms have also recently commented on TWTR. Analysts at Zacks reiterated a “neutral” rating on shares of Twitter in a research note on Friday, August 1st. 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, July 31st. Finally, analysts at Bernstein raised their price target on shares of Twitter from $40.00 to $50.00 in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $51.72.

In other Twitter news, General Counsel Vijaya Gadde unloaded 44,281 shares of Twitter stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $44.08, for a total transaction of $1,951,906.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.

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