Matthew Derella Sells 7,008 Shares of Twitter Inc. (TWTR) Stock

Twitter Inc. (NYSE:TWTR) VP Matthew Derella sold 7,008 shares of Twitter stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $27.80, for a total value of $194,822.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TWTR traded down $0.54 on Friday, hitting $28.10. 15,284,777 shares of the company were exchanged, compared to its average volume of 31,965,008. Twitter Inc. has a twelve month low of $14.12 and a twelve month high of $36.80. The stock has a market capitalization of $21,213.05, a price-to-earnings ratio of 468.33, a PEG ratio of 7.68 and a beta of 0.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 9.12 and a quick ratio of 9.12.

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Twitter (NYSE:TWTR) last released its earnings results on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Twitter had a positive return on equity of 0.77% and a negative net margin of 4.42%. The firm had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $686.12 million. During the same period in the previous year, the firm posted $0.11 EPS. Twitter’s revenue for the quarter was up 2.0% on a year-over-year basis. research analysts anticipate that Twitter Inc. will post 0.17 earnings per share for the current year.

TWTR has been the topic of a number of research analyst reports. Stifel Nicolaus set a $26.00 target price on Twitter and gave the company a “hold” rating in a research report on Thursday, February 8th. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $35.33 target price on the stock in a research report on Monday, March 26th. Citigroup lifted their target price on Twitter from $25.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on Twitter from $15.00 to $28.00 and gave the company an “underweight” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada upgraded Twitter from an “underperform” rating to a “sector perform” rating in a research report on Thursday, February 8th. Eight research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Twitter has an average rating of “Hold” and a consensus target price of $23.51.

Large investors have recently added to or reduced their stakes in the company. CNB Bank acquired a new position in shares of Twitter during the 4th quarter worth about $101,000. Avestar Capital LLC acquired a new position in shares of Twitter during the 4th quarter worth about $103,000. Balentine LLC boosted 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 acquiring an additional 3,167 shares in the last quarter. We Are One Seven LLC acquired a new position in shares of Twitter during the 4th quarter worth about $128,000. Finally, Pier Capital LLC acquired a new position in shares of Twitter during the 4th quarter worth about $175,000. 54.67% of the stock is owned by institutional investors and hedge funds.

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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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