Twitter (TWTR) Reaches New 12-Month High and Low at $46.23

Twitter Inc (NYSE:TWTR) reached a new 52-week high and low on Thursday . The company traded as low as $46.23 and last traded at $46.12, with a volume of 1388029 shares trading hands. The stock had previously closed at $44.39.

A number of equities research analysts have weighed in on TWTR shares. Zacks Investment Research upgraded Twitter from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Thursday, April 12th. Morgan Stanley upgraded Twitter from an “underweight” rating to an “equal weight” rating and set a $29.00 price target on the stock in a research report on Tuesday, April 17th. Pivotal Research lowered their price target on Twitter from $21.00 to $20.00 and set a “sell” rating on the stock in a research report on Monday, April 2nd. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $35.33 price target on the stock in a research report on Monday, March 26th. Finally, UBS Group upgraded Twitter from a “neutral” rating to a “buy” rating in a report on Wednesday, April 25th. Five analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.18.

The company has a quick ratio of 10.23, a current ratio of 10.23 and a debt-to-equity ratio of 0.33. The stock has a market cap of $31.18 billion, a price-to-earnings ratio of 779.33, a P/E/G ratio of 5.18 and a beta of 0.90.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Wednesday, April 25th. The social networking company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.15. The business had revenue of $665.00 million for the quarter, compared to analysts’ expectations of $607.56 million. Twitter had a return on equity of 2.81% and a net margin of 0.57%. The business’s revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. equities analysts predict that Twitter Inc will post 0.35 EPS for the current year.

In other Twitter news, Director Evan Clark Williams sold 682,242 shares of Twitter stock in a transaction that occurred on Tuesday, April 24th. The stock was sold at an average price of $30.88, for a total transaction of $21,067,632.96. Following the sale, the director now directly owns 2,030,075 shares of the company’s stock, valued at approximately $62,688,716. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert Kaiden sold 3,676 shares of Twitter stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $30.71, for a total value of $112,889.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,507,341 shares of company stock worth $76,904,297. Insiders own 6.62% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Summit Trail Advisors LLC boosted its position in shares of Twitter by 2,102.8% in the 1st quarter. Summit Trail Advisors LLC now owns 2,146,516 shares of the social networking company’s stock worth $2,147,000 after purchasing an additional 2,049,071 shares in the last quarter. Rational Advisors LLC boosted its position in shares of Twitter by 83.2% in the 1st quarter. Rational Advisors LLC now owns 25,810 shares of the social networking company’s stock worth $750,000 after purchasing an additional 11,725 shares in the last quarter. CIBC World Markets Inc. boosted its position in shares of Twitter by 18.4% in the 1st quarter. CIBC World Markets Inc. now owns 13,473 shares of the social networking company’s stock worth $391,000 after purchasing an additional 2,091 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Twitter by 10.2% in the 1st quarter. Xact Kapitalforvaltning AB now owns 120,235 shares of the social networking company’s stock worth $3,488,000 after purchasing an additional 11,138 shares in the last quarter. Finally, Gables Capital Management Inc. bought a new stake in shares of Twitter in the 1st quarter worth approximately $299,000. 60.05% of the stock is currently owned by hedge funds and other institutional investors.

About Twitter

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

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