Twitter Inc (NYSE:TWTR) fell 0% on Tuesday . The stock traded as low as $30.61 and last traded at $31.35. 82,347,972 shares changed hands during mid-day trading, an increase of 160% from the average session volume of 31,634,604 shares. The stock had previously closed at $31.35.
Several research firms recently weighed in on TWTR. Morgan Stanley increased their target price on shares of Twitter from $15.00 to $28.00 and gave the company an “underweight” rating in a research note on Thursday, February 15th. Zacks Investment Research cut shares of Twitter from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Vetr upgraded shares of Twitter from a “sell” rating to a “hold” rating and set a $32.58 target price for the company in a research note on Monday, February 19th. Pivotal Research cut shares of Twitter from a “hold” rating to a “sell” rating and set a $21.00 target price for the company. in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Twitter to $36.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Eight investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.46.
The company has a debt-to-equity ratio of 0.34, a quick ratio of 9.12 and a current ratio of 9.12. The company has a market capitalization of $26,717.19, a P/E ratio of -195.94, a PEG ratio of 9.52 and a beta of 0.81.
Twitter (NYSE:TWTR) last posted its earnings results on Thursday, February 8th. The social networking company reported $0.19 earnings per share (EPS) 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 0.77%. The company had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. Twitter’s quarterly revenue was up 2.0% compared to the same quarter last year. research analysts anticipate that Twitter Inc will post 0.17 earnings per share for the current year.
In other news, General Counsel Vijaya Gadde sold 15,000 shares of Twitter stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $23.28, for a total value of $349,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Evan Clark Williams sold 546,200 shares of Twitter stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $35.22, for a total transaction of $19,237,164.00. Following the completion of the transaction, the director now owns 2,147,751 shares of the company’s stock, valued at approximately $75,643,790.22. The disclosure for this sale can be found here. Insiders sold 2,282,379 shares of company stock valued at $70,559,388 in the last quarter. 9.18% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. CNB Bank acquired a new stake in shares of Twitter in the fourth quarter valued at approximately $101,000. Avestar Capital LLC acquired a new stake in shares of Twitter in the fourth quarter valued at approximately $103,000. We Are One Seven LLC acquired a new stake in shares of Twitter in the fourth quarter valued at approximately $128,000. Balentine LLC increased its holdings in shares of Twitter by 86.6% in the third quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock valued at $115,000 after purchasing an additional 3,167 shares in the last quarter. Finally, Pier Capital LLC acquired a new stake in shares of Twitter in the fourth quarter valued at approximately $175,000. 54.65% of the stock is owned by institutional investors and hedge funds.
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Twitter Company Profile
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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