Twitter Inc (TWTR) Sees Large Decline in Short Interest

Twitter Inc (NYSE:TWTR) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 28,642,626 shares, a drop of 21.9% from the February 15th total of 36,693,896 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average trading volume of 22,901,861 shares, the short-interest ratio is presently 1.3 days.

A number of equities analysts have recently commented on TWTR shares. Summit Redstone started coverage on shares of Twitter in a report on Monday, December 18th. They set a “buy” rating and a $26.00 price objective for the company. Vetr downgraded shares of Twitter from a “strong-buy” rating to a “buy” rating and set a $25.02 price objective for the company. in a report on Friday, December 15th. BTIG Research lifted their price target on shares of Twitter from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, January 12th. Zacks Investment Research raised shares of Twitter from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Friday, January 12th. Finally, Aegis raised shares of Twitter from a “sell” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, January 16th. Eight research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.46.

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Shares of Twitter (NYSE:TWTR) opened at $35.58 on Friday. Twitter has a 1 year low of $14.12 and a 1 year high of $36.80. 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 cap of $26,880.00, a P/E ratio of 111.19, a PEG ratio of 9.80 and a beta of 0.80.

Twitter (NYSE:TWTR) last issued its quarterly earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the consensus estimate 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 earned $0.11 EPS. Twitter’s revenue was up 2.0% on a year-over-year basis. research analysts expect that Twitter will post 0.17 earnings per share for the current year.

In other news, insider Robert Kaiden sold 1,186 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $24.44, for a total transaction of $28,985.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Evan Clark Williams sold 546,200 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $35.22, for a total transaction of $19,237,164.00. Following the transaction, the director now directly owns 2,147,751 shares of the company’s stock, valued at $75,643,790.22. The disclosure for this sale can be found here. Insiders have sold a total of 2,282,379 shares of company stock valued at $70,559,388 over the last ninety days. 10.79% of the stock is owned by insiders.

Several large investors have recently modified their holdings of TWTR. CNB Bank acquired a new stake in shares of Twitter during the 4th quarter worth approximately $101,000. Avestar Capital LLC acquired a new stake in shares of Twitter during the 4th quarter worth approximately $103,000. Balentine LLC grew its position in shares of Twitter by 86.6% during the 3rd quarter. Balentine LLC now owns 6,822 shares of the social networking company’s stock worth $115,000 after buying an additional 3,167 shares during the period. We Are One Seven LLC acquired a new stake in shares of Twitter during the 4th quarter worth approximately $128,000. Finally, Malaga Cove Capital LLC acquired a new stake in shares of Twitter during the 3rd quarter worth approximately $154,000. Institutional investors own 54.89% of the company’s stock.

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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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