David S. Rosenblatt Sells 81,000 Shares of Twitter Inc (NYSE:TWTR) Stock

Twitter Inc (NYSE:TWTR) Director David S. Rosenblatt sold 81,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $36.12, for a total value of $2,925,720.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NYSE TWTR opened at $36.91 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 8.69 and a current ratio of 9.15. Twitter Inc has a one year low of $28.63 and a one year high of $45.85. The company has a 50-day simple moving average of $33.59 and a 200-day simple moving average of $36.08. The firm has a market capitalization of $28.66 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, February 6th. The social networking company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Twitter had a return on equity of 4.87% and a net margin of 42.37%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $994.89 million. During the same quarter last year, the company earned $0.31 EPS. Twitter’s revenue was up 10.8% compared to the same quarter last year. Equities analysts forecast that Twitter Inc will post 0.53 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Lenox Wealth Management Inc. boosted its position in Twitter by 447.2% during the 3rd quarter. Lenox Wealth Management Inc. now owns 695 shares of the social networking company’s stock valued at $28,000 after purchasing an additional 568 shares during the period. Wealthcare Advisory Partners LLC increased its position in Twitter by 74,500.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 746 shares of the social networking company’s stock worth $31,000 after buying an additional 745 shares during the period. Whittier Trust Co. increased its position in Twitter by 77.9% in the third quarter. Whittier Trust Co. now owns 747 shares of the social networking company’s stock worth $31,000 after buying an additional 327 shares during the period. Howard Wealth Management LLC bought a new stake in Twitter in the fourth quarter valued at $25,000. Finally, Glassman Wealth Services lifted its stake in Twitter by 120.6% in the third quarter. Glassman Wealth Services now owns 887 shares of the social networking company’s stock valued at $37,000 after buying an additional 485 shares during the last quarter. 71.30% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on TWTR shares. Susquehanna Bancshares upgraded Twitter from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $34.00 to $47.00 in a report on Friday, February 7th. Nomura upped their target price on Twitter from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Mizuho reduced their target price on Twitter from $35.00 to $31.00 and set an “underperform” rating for the company in a research note on Friday, October 25th. BMO Capital Markets raised their price target on shares of Twitter to and gave the stock a “market perform” rating in a research report on Friday, February 7th. Finally, Wedbush raised their price target on shares of Twitter from $34.50 to $36.50 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.64.

Twitter Company Profile

Twitter, Inc operates as a platform for public self-expression and conversation in real time. The company offers various products and services, including Twitter, a platform 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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Insider Buying and Selling by Quarter for Twitter (NYSE:TWTR)

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