Twitter Inc (NYSE:TWTR) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 41,565,902 shares, an increase of 9.0% from the January 12th total of 38,130,883 shares. Based on an average daily volume of 31,691,606 shares, the short-interest ratio is currently 1.3 days. Currently, 6.4% of the company’s shares are short sold.
A number of research firms have recently commented on TWTR. Pivotal Research cut shares of Twitter from a “hold” rating to a “sell” rating and set a $21.00 price target on the stock. in a report on Thursday, February 8th. JPMorgan Chase & Co. upped their price target on shares of Twitter to $36.00 and gave the stock an “overweight” rating in a report on Friday. Vetr cut shares of Twitter from a “buy” rating to a “hold” rating and set a $29.35 price target on the stock. in a report on Monday. BMO Capital Markets upped their price target on shares of Twitter from $22.00 to $28.00 and gave the stock a “market perform” rating in a report on Monday. Finally, SunTrust Banks upped their price target on shares of Twitter to $29.00 and gave the stock a “hold” rating in a report on Friday. They noted that the move was a valuation call. Eight analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and eight have given a buy rating to the company’s stock. Twitter has a consensus rating of “Hold” and a consensus target price of $22.79.
In other news, Director Evan Clark Williams sold 18,347 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $22.33, for a total value of $409,688.51. Following the transaction, the director now directly owns 2,254,971 shares in the company, valued at $50,353,502.43. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Kaiden sold 12,734 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $24.99, for a total transaction of $318,222.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,225,011 shares of company stock worth $69,509,411. Company insiders own 9.18% of the company’s stock.
Shares of Twitter (NYSE TWTR) opened at $30.95 on Tuesday. Twitter has a 1-year low of $14.12 and a 1-year high of $35.00. The firm has a market cap of $22,990.00, a PE ratio of -206.33, a PEG ratio of 13.74 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40.
Twitter (NYSE:TWTR) last released its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Twitter had a negative net margin of 4.42% and a positive return on equity of 0.79%. The business had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $686.12 million. During the same period last year, the business earned $0.11 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. sell-side analysts predict that Twitter will post 0.11 earnings per share for the current fiscal year.
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Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Its Twitter is a platform for public self-expression and conversation in real time. Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.
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