Investors Buy Twitter (TWTR) on Weakness

Traders purchased shares of Twitter Inc (NYSE:TWTR) on weakness during trading on Monday. $219.70 million flowed into the stock on the tick-up and $190.35 million flowed out of the stock on the tick-down, for a money net flow of $29.35 million into the stock. Of all companies tracked, Twitter had the 21st highest net in-flow for the day. Twitter traded down ($0.55) for the day and closed at $33.06

TWTR has been the subject of several recent analyst reports. BidaskClub cut Twitter from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Wedbush set a $16.00 price objective on Twitter and gave the stock a “hold” rating in a report on Monday, October 23rd. Cantor Fitzgerald reiterated a “hold” rating and set a $16.00 price objective on shares of Twitter in a report on Monday, October 23rd. Vetr upgraded Twitter from a “buy” rating to a “strong-buy” rating and set a $19.82 price objective for the company in a report on Monday, October 23rd. Finally, Zacks Investment Research upgraded Twitter from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have assigned a buy rating to the company. Twitter currently has an average rating of “Hold” and a consensus price target of $23.46.

The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40. The firm has a market capitalization of $24,560.00, a P/E ratio of -220.40, a P/E/G ratio of 9.96 and a beta of 1.14.

Twitter (NYSE:TWTR) last posted its quarterly earnings data on Thursday, February 8th. The social networking company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $686.12 million. Twitter had a positive return on equity of 0.79% and a negative net margin of 4.42%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. sell-side analysts forecast that Twitter Inc will post 0.15 earnings per share for the current fiscal year.

In related news, insider Robert Kaiden sold 3,930 shares of Twitter stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $20.62, for a total transaction of $81,036.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Evan Clark Williams sold 18,347 shares of Twitter stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $22.33, for a total value of $409,688.51. Following the sale, the director now directly owns 2,254,971 shares in the company, valued at $50,353,502.43. The disclosure for this sale can be found here. Insiders sold 2,660,011 shares of company stock worth $58,164,211 over the last quarter. 9.18% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank grew its position in Twitter by 21.3% during the second quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after buying an additional 1,333 shares in the last quarter. Cetera Investment Advisers grew its position in Twitter by 14.6% during the fourth quarter. Cetera Investment Advisers now owns 12,994 shares of the social networking company’s stock worth $313,000 after buying an additional 1,657 shares in the last quarter. Partnervest Advisory Services LLC grew its position in Twitter by 9.8% during the fourth quarter. Partnervest Advisory Services LLC now owns 27,893 shares of the social networking company’s stock worth $670,000 after buying an additional 2,500 shares in the last quarter. Zeke Capital Advisors LLC grew its position in Twitter by 19.8% during the fourth quarter. Zeke Capital Advisors LLC now owns 15,126 shares of the social networking company’s stock worth $363,000 after buying an additional 2,500 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in Twitter by 16.2% during the fourth quarter. Moors & Cabot Inc. now owns 18,425 shares of the social networking company’s stock worth $441,000 after buying an additional 2,575 shares in the last quarter. 52.08% of the stock is currently owned by institutional investors and hedge funds.

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About Twitter

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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