Twitter Inc. (NYSE:TWTR) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 51,172,804 shares, a decline of 8.7% from the August 15th total of 56,051,590 shares. Based on an average daily trading volume, of 19,860,471 shares, the short-interest ratio is currently 2.6 days. Currently, 8.7% of the company’s stock are sold short.
In other Twitter news, CAO Robert Kaiden sold 12,990 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $217,712.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam Messinger sold 52,914 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $16.76, for a total value of $886,838.64. The disclosure for this sale can be found here. Corporate insiders own 10.79% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Integrated Investment Consultants LLC raised its stake in shares of Twitter by 85.9% in the second quarter. Integrated Investment Consultants LLC now owns 6,707 shares of the social networking company’s stock worth $113,000 after buying an additional 3,099 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of Twitter by 204.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,618 shares of the social networking company’s stock worth $129,000 after buying an additional 5,115 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Twitter during the second quarter worth $152,000. Peapack Gladstone Financial Corp bought a new stake in shares of Twitter during the first quarter worth $169,000. Finally, Hartford Investment Management Co. raised its stake in shares of Twitter by 1.9% in the second quarter. Hartford Investment Management Co. now owns 10,306 shares of the social networking company’s stock worth $174,000 after buying an additional 192 shares during the period. 41.89% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Twitter (NYSE:TWTR) opened at 19.11 on Friday. Twitter has a 12-month low of $13.73 and a 12-month high of $31.87. The firm’s 50-day moving average price is $18.53 and its 200-day moving average price is $16.89. The company’s market capitalization is $13.38 billion.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Tuesday, July 26th. The social networking company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $602 million for the quarter, compared to analyst estimates of $606.37 million. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. On average, analysts expect that Twitter will post $0.51 EPS for the current fiscal year.
TWTR has been the topic of several research analyst reports. Vetr raised Twitter from a “buy” rating to a “strong-buy” rating and set a $20.69 price objective on the stock in a research report on Monday, August 29th. Cantor Fitzgerald reissued a “hold” rating and issued a $18.00 price objective on shares of Twitter in a research report on Wednesday. Jefferies Group reissued a “buy” rating and issued a $23.00 price objective on shares of Twitter in a research report on Tuesday, August 9th. SunTrust Banks Inc. reissued a “buy” rating and issued a $18.00 price objective on shares of Twitter in a research report on Tuesday, June 21st. Finally, MKM Partners reissued a “hold” rating and issued a $14.00 price objective on shares of Twitter in a research report on Thursday, June 30th. Seven research analysts have rated the stock with a sell rating, thirty have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.83.
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.
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