Twitter, Inc. (NYSE:TWTR) Touches a New 52-Week High

Cornelia Mascio
Novembre 25, 2017

It is also shedding noncore operations.

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TWTR has been the topic of several other research reports. Cantor Fitzgerald reiterated a "hold" rating and issued a $16.00 price target on shares of Twitter in a research report on Monday, October 23rd. Texas-based Usca Ria has invested 0.13% in Twitter Inc (NYSE:TWTR). Citigroup Inc. upgraded shares of Twitter from a "sell" rating to a "neutral" rating and upped their price target for the company from $19.90 to $20.00 in a research report on Monday, November 6th. Finally, BidaskClub lowered Twitter from a "buy" rating to a "hold" rating in a research note on Friday, July 28th. Royal Bank Of Canada restated an "underperform" rating and issued a $14.00 price objective (up from $13.00) on shares of Twitter in a research note on Thursday, July 27th. Twelve research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock.

The company's consensus rating on Reuter's scale remained unchanged from 2.48 to 2.48 during a month.

Shares of Twitter (NYSE:TWTR) opened at $22.27 on Tuesday. Moreover, Inspirion Wealth Advisors Llc has 7.93% invested in the company for 201,606 shares. Twitter has a one year low of $13.73 and a one year high of $25.25. The stock's 50-day moving average is $15.85 and its 200-day moving average is $16.83. Twitter also saw some unusual options trading activity on Friday. Cubist Systematic Strategies Limited Com invested in 14,466 shares or 0.02% of the stock.

Twitter (NYSE:TWTR) last released its earnings results on Thursday, October 26th. The social networking company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.27. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. During the same quarter previous year, the firm earned $0.15 EPS. During the same period in the prior year, the firm earned $0.09 EPS. equities analysts predict that Twitter will post 0.02 EPS for the current year. The stock was sold at an average price of $14.52, for a total transaction of $3,966,864.00. Following the sale, the director now owns 2,530,241 shares in the company, valued at approximately $53,286,875.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The shares were sold at an average price of $21.06, for a total transaction of $42,126,318.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 609,873 shares of company stock valued at $9,015,391. Perhaps, that suggests something about why 49.72% of the outstanding share supply is held by institutional investors. Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank now owns 7,592 shares of the social networking company's stock worth $136,000 after buying an additional 1,333 shares during the last quarter. Amerigo Asset Management boosted its position in Twitter by 46.2% during the 3rd quarter. Insiders sold a total of 4,034,845 shares of company stock valued at $79,904,107 over the last quarter. Vanguard Group Inc. grew its stake in shares of Twitter by 6.2% in the 2nd quarter. Nicolet Bankshares Inc. increased its position in Twitter by 227.6% in the first quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company's stock worth $872,704,000 after purchasing an additional 2,838,459 shares during the period. Finally, Massey Quick & Co. LLC purchased a new position in Twitter during the fourth quarter valued at about $130,000.

About Twitter Twitter, Inc offers products and services for users, advertisers, developers and data partners. The Company's services and products 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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