Twitter Inc. (TWTR) Short Interest Down 15.6% in September
Twitter Inc. (NYSE:TWTR) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 46,842,241 shares, a decrease of 15.6% from the September 15th total of 55,482,770 shares. Based on an average daily trading volume, of 50,355,127 shares, the short-interest ratio is presently 0.9 days. Approximately 7.9% of the shares of the stock are sold short.
In other news, insider Adam Messinger sold 4,901 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $23.64, for a total transaction of $115,859.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert Kaiden sold 12,990 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $217,712.40. The disclosure for this sale can be found here. Insiders own 10.79% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. National Pension Service increased its position in Twitter by 9.3% in the third quarter. National Pension Service now owns 516,935 shares of the social networking company’s stock valued at $11,915,000 after buying an additional 44,052 shares in the last quarter. Amerigo Asset Management bought a new position in Twitter during the third quarter valued at approximately $100,874,000. Highland Capital Management LLC increased its position in Twitter by 1.1% in the third quarter. Highland Capital Management LLC now owns 24,140 shares of the social networking company’s stock valued at $556,000 after buying an additional 266 shares in the last quarter. Morgens Waterfall Vintiadis & Co. Inc. increased its position in Twitter by 80.0% in the third quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 180,000 shares of the social networking company’s stock valued at $4,149,000 after buying an additional 80,000 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in Twitter by 7.6% in the third quarter. Eagle Asset Management Inc. now owns 535,800 shares of the social networking company’s stock valued at $12,350,000 after buying an additional 38,031 shares in the last quarter. 41.87% of the stock is currently owned by institutional investors.
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Several analysts recently weighed in on TWTR shares. Deutsche Bank AG reissued a “buy” rating on shares of Twitter in a research note on Sunday, July 10th. MKM Partners set a $18.50 price objective on shares of Twitter and gave the stock a “hold” rating in a research note on Sunday, September 4th. Pacific Crest reissued a “hold” rating on shares of Twitter in a research note on Wednesday, July 27th. Cantor Fitzgerald cut shares of Twitter from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Finally, Argus reissued a “hold” rating on shares of Twitter in a research note on Thursday, July 28th. Twelve investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Twitter presently has an average rating of “Hold” and an average price target of $19.42.
Twitter (NYSE:TWTR) opened at 16.88 on Monday. The stock’s market capitalization is $11.82 billion. The stock’s 50 day moving average is $19.84 and its 200 day moving average is $17.40. Twitter has a 12-month low of $13.73 and a 12-month high of $31.87.
Twitter (NYSE:TWTR) last posted its quarterly earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The company had revenue of $602 million for the quarter, compared to the consensus estimate of $606.37 million. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 EPS. Equities analysts anticipate that Twitter will post $0.51 EPS for the current fiscal year.
Twitter Company Profile
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.
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