Twitter (NYSE:TWTR) released its quarterly earnings data on Tuesday. The social networking company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.06 by $0.31, MarketWatch Earnings reports. The company had revenue of $787.00 million during the quarter, compared to the consensus estimate of $775.16 million. Twitter had a return on equity of 8.37% and a net margin of 42.20%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. Twitter updated its Q2 2019 guidance to EPS.

TWTR opened at $39.29 on Thursday. Twitter has a fifty-two week low of $26.19 and a fifty-two week high of $47.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.47 and a quick ratio of 4.69. The firm has a market cap of $30.54 billion, a PE ratio of 71.44, a PEG ratio of 3.55 and a beta of 0.50.

In related news, insider Vijaya Gadde sold 16,664 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $39.32, for a total value of $655,228.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Evan Clark Williams sold 682,242 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $30.83, for a total value of $21,033,520.86. Following the completion of the transaction, the director now owns 1,043,286 shares in the company, valued at approximately $32,164,507.38. The disclosure for this sale can be found here. Insiders have sold 797,603 shares of company stock valued at $24,834,880 in the last three months. Insiders own 6.62% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TWTR. Financial Gravity Companies Inc. bought a new position in shares of Twitter in the fourth quarter worth $27,000. JOYN Advisors Inc. increased its position in shares of Twitter by 258.5% in the fourth quarter. JOYN Advisors Inc. now owns 1,018 shares of the social networking company’s stock worth $29,000 after purchasing an additional 734 shares during the period. Mosaic Family Wealth LLC increased its position in shares of Twitter by 47.3% in the fourth quarter. Mosaic Family Wealth LLC now owns 1,106 shares of the social networking company’s stock worth $32,000 after purchasing an additional 355 shares during the period. Moody National Bank Trust Division increased its position in shares of Twitter by 92.6% in the first quarter. Moody National Bank Trust Division now owns 994 shares of the social networking company’s stock worth $33,000 after purchasing an additional 478 shares during the period. Finally, First Financial Corp IN bought a new position in shares of Twitter in the first quarter worth $33,000. Institutional investors own 68.24% of the company’s stock.

Several brokerages have issued reports on TWTR. UBS Group raised their price target on Twitter from $38.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday. Guggenheim reaffirmed a “buy” rating and set a $44.00 price target (up previously from $41.00) on shares of Twitter in a report on Wednesday. Morgan Stanley raised their price target on Twitter from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday. Canaccord Genuity reaffirmed a “hold” rating and set a $42.00 price target (up previously from $32.00) on shares of Twitter in a report on Wednesday. They noted that the move was a valuation call. Finally, Wedbush reaffirmed a “hold” rating and set a $39.00 price target on shares of Twitter in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Twitter has an average rating of “Hold” and a consensus target price of $38.41.

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About Twitter

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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Earnings History for Twitter (NYSE:TWTR)

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