Twitter Director Peter L. S. Currie Sells 40,000 Shares (TWTR)
Twitter (NYSE:TWTR) Director Peter L. S. Currie unloaded 40,000 shares of the stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $45.80, for a total transaction of $1,832,000.00. Following the transaction, the director now directly owns 2,916 shares of the company’s stock, valued at approximately $133,553. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Twitter (NYSE:TWTR) traded down 0.23% during mid-day trading on Wednesday, hitting $48.06. 26,127,632 shares of the company’s stock traded hands. 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 $41.97 and its 200-day moving average is $42.84. The company’s market cap is $29.156 billion. Twitter also was the target of a significant drop in short interest in August. As of August 15th, there was short interest totalling 21,606,094 shares, a drop of 30.9% from the July 31st total of 31,283,622 shares. Approximately 6.9% of the company’s stock are sold short. Based on an average trading volume of 22,942,097 shares, the days-to-cover ratio is currently 0.9 days.
Twitter (NYSE:TWTR) last posted its quarterly earnings results 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 $0.10 earnings per share for the current fiscal year.
A number of research firms have recently commented on TWTR. Analysts at Stifel Nicolaus initiated coverage on shares of Twitter in a research note on Wednesday, August 13th. They set a “hold” rating and a $44.00 price target on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $51.48.
Twitter, Inc (NYSE:TWTR) is a global platform for public self-expression and conversation in real time.
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