Insider Selling: Twitter Inc (TWTR) CFO Sells 6,000 Shares of Stock
Twitter Inc (NYSE:TWTR) CFO Ned D. Segal sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $30.44, for a total transaction of $182,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Twitter stock traded up $0.51 during mid-day trading on Thursday, reaching $30.26. 453,427 shares of the company traded hands, compared to its average volume of 21,268,330. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.47. Twitter Inc has a fifty-two week low of $16.57 and a fifty-two week high of $47.79. The firm has a market capitalization of $23.41 billion, a price-to-earnings ratio of 506.50, a PEG ratio of 3.97 and a beta of 0.73.
Twitter (NYSE:TWTR) last issued its quarterly earnings results on Friday, July 27th. The social networking company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Twitter had a net margin of 8.57% and a return on equity of 4.37%. The business had revenue of $710.54 million for the quarter, compared to analyst estimates of $697.35 million. During the same quarter in the prior year, the business posted $0.08 EPS. Twitter’s revenue for the quarter was up 23.8% compared to the same quarter last year. sell-side analysts predict that Twitter Inc will post 0.35 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. Deutsche Bank upped their price target 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. Zacks Investment Research cut shares of Twitter from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Nomura raised shares of Twitter from a “reduce” rating to a “neutral” rating and lowered their price target for the stock from $31.75 to $31.00 in a research report on Tuesday, July 31st. Bank of America set a $27.00 price target on shares of Twitter and gave the stock a “sell” rating in a research report on Monday, July 30th. Finally, Wells Fargo & Co lowered their price target on shares of Twitter from $42.00 to $32.00 and set an “in-line” rating for the company in a research report on Monday, July 30th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Twitter has a consensus rating of “Hold” and an average price target of $33.13.
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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