Twitter (TWTR) Shares Gap Up to $33.66

Twitter Inc (NYSE:TWTR) gapped up prior to trading on Tuesday . The stock had previously closed at $35.08, but opened at $33.66. Twitter shares last traded at $33.04, with a volume of 783570 shares traded.

TWTR has been the subject of a number of research analyst reports. Deutsche Bank lifted their target price on shares of Twitter from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Moffett Nathanson cut their price objective on shares of Twitter from $23.00 to $21.00 and set a “sell” rating for the company in a research report on Monday, September 17th. Pivotal Research raised shares of Twitter from a “sell” rating to a “hold” rating and cut their price objective for the company from $26.00 to $24.00 in a research report on Friday, October 12th. Wedbush reissued a “hold” rating and set a $37.00 price objective on shares of Twitter in a research report on Tuesday, October 23rd. Finally, UBS Group raised shares of Twitter from a “market perform” rating to an “outperform” rating in a research report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Twitter currently has a consensus rating of “Hold” and an average price target of $34.38.

The firm has a market capitalization of $23.94 billion, a price-to-earnings ratio of 542.67, a price-to-earnings-growth ratio of 3.04 and a beta of 0.30. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.27.

Twitter (NYSE:TWTR) last issued its earnings results on Thursday, October 25th. The social networking company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.17. The company had revenue of $758.11 million during the quarter, compared to the consensus estimate of $703.57 million. Twitter had a net margin of 36.35% and a return on equity of 6.75%. On average, equities analysts predict that Twitter Inc will post 0.47 earnings per share for the current year.

In other Twitter news, Director Evan Clark Williams sold 682,242 shares of the business’s stock in a transaction on Thursday, October 11th. The shares were sold at an average price of $27.20, for a total value of $18,556,982.40. Following the sale, the director now owns 1,491,702 shares in the company, valued at approximately $40,574,294.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ned D. Segal sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $30.44, for a total transaction of $182,640.00. The disclosure for this sale can be found here. Insiders sold a total of 7,739,811 shares of company stock valued at $238,669,503 in the last ninety days. 6.62% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in TWTR. Exane Derivatives lifted its stake in Twitter by 303.0% in the 3rd quarter. Exane Derivatives now owns 3,663 shares of the social networking company’s stock worth $104,000 after purchasing an additional 2,754 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Twitter in the 2nd quarter worth $112,000. Castleark Management LLC purchased a new stake in Twitter in the 2nd quarter worth $121,000. Quad Cities Investment Group LLC purchased a new stake in Twitter in the 2nd quarter worth $132,000. Finally, Focused Wealth Management Inc lifted its stake in Twitter by 144.3% in the 2nd quarter. Focused Wealth Management Inc now owns 3,217 shares of the social networking company’s stock worth $140,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 64.18% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Twitter (TWTR) Shares Gap Up to $33.66” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.com-unik.info/2018/12/04/twitter-twtr-shares-gap-up-to-33-66.html.

About Twitter (NYSE:TWTR)

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.

See Also: Fundamental Analysis and Choosing Stocks

Receive News & Ratings for Twitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit