Twitter, Inc. (NYSE:TWTR) – Oppenheimer boosted their Q1 2021 earnings per share (EPS) estimates for Twitter in a report issued on Monday, April 19th. Oppenheimer analyst J. Helfstein now expects that the social networking company will post earnings per share of $0.02 for the quarter, up from their prior estimate of $0.01. Oppenheimer has a “Outperform” rating and a $85.00 price target on the stock. Oppenheimer also issued estimates for Twitter’s Q2 2021 earnings at $0.07 EPS, Q3 2021 earnings at $0.12 EPS, Q4 2021 earnings at $0.32 EPS, FY2021 earnings at $0.52 EPS and FY2022 earnings at $0.79 EPS.
Twitter (NYSE:TWTR) last announced its quarterly earnings data on Tuesday, February 9th. The social networking company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.19 billion. Twitter had a negative return on equity of 12.42% and a negative net margin of 31.70%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share.
Shares of Twitter stock opened at $65.70 on Wednesday. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $52.47 billion, a P/E ratio of -47.61, a P/E/G ratio of 2.69 and a beta of 0.86. The business has a fifty day simple moving average of $67.26 and a two-hundred day simple moving average of $55.63. Twitter has a 12 month low of $25.06 and a 12 month high of $80.75.
In other news, insider Matthew Derella sold 21,438 shares of the business’s stock in a transaction that occurred on Wednesday, February 3rd. The stock was sold at an average price of $54.78, for a total transaction of $1,174,373.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Fox Martha Lane sold 1,301 shares of the company’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $76.93, for a total value of $100,085.93. The disclosure for this sale can be found here. Insiders have sold a total of 80,833 shares of company stock worth $4,899,126 over the last ninety days. Insiders own 2.64% of the company’s stock.
A number of institutional investors have recently made changes to their positions in TWTR. Chiron Capital Management LLC bought a new position in Twitter in the 3rd quarter valued at $49,000. Advisor Partners LLC grew its position in shares of Twitter by 17.3% during the 3rd quarter. Advisor Partners LLC now owns 20,257 shares of the social networking company’s stock worth $901,000 after buying an additional 2,984 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new position in shares of Twitter during the 3rd quarter worth $958,000. Brinker Capital Investments LLC bought a new position in shares of Twitter during the 3rd quarter worth $2,813,000. Finally, Sei Investments Co. grew its position in shares of Twitter by 1.4% during the 3rd quarter. Sei Investments Co. now owns 487,414 shares of the social networking company’s stock worth $21,694,000 after buying an additional 6,658 shares in the last quarter. 73.17% of the stock is currently owned by institutional investors.
Twitter Company Profile
Twitter, Inc operates as a platform for public self-expression and conversation in real time United States, Japan, and internationally. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services.
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