Twitter Inc (NYSE:TWTR) gapped up before the market opened on Tuesday . The stock had previously closed at $21.23, but opened at $22.23. Twitter shares last traded at $24.68, with a volume of 48965900 shares trading hands.

A number of equities research analysts have issued reports on the company. Cantor Fitzgerald restated a “hold” rating and set a $16.00 price target on shares of Twitter in a research note on Monday, October 23rd. Citigroup upgraded Twitter from a “sell” rating to a “neutral” rating and boosted their price target for the company from $19.90 to $20.00 in a research note on Monday, November 6th. J P Morgan Chase & Co upgraded Twitter from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $20.00 to $27.00 in a research note on Monday. BidaskClub upgraded Twitter from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Finally, KeyCorp restated a “hold” rating on shares of Twitter in a research note on Friday, August 25th. Twelve equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.39.

The company has a debt-to-equity ratio of 0.35, a current ratio of 10.40 and a quick ratio of 10.40.

Twitter (NYSE:TWTR) last posted its quarterly earnings results on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The company had revenue of $590.00 million for the quarter, compared to analysts’ expectations of $586.22 million. During the same period in the previous year, the firm earned $0.09 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. equities analysts predict that Twitter Inc will post 0.02 EPS for the current fiscal year.

In related news, CAO Robert Kaiden sold 3,570 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $21.00, for a total value of $74,970.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Evan Clark Williams sold 18,347 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $21.66, for a total value of $397,396.02. Following the completion of the transaction, the director now directly owns 2,365,053 shares in the company, valued at $51,227,047.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,504,977 shares of company stock worth $112,609,309. 9.18% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of TWTR. Northern Trust Corp raised its holdings in shares of Twitter by 78.3% during the 2nd quarter. Northern Trust Corp now owns 8,350,037 shares of the social networking company’s stock worth $149,215,000 after acquiring an additional 3,667,233 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Twitter by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company’s stock worth $872,704,000 after acquiring an additional 2,838,459 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Twitter during the 2nd quarter worth approximately $43,694,000. Amerigo Asset Management raised its holdings in shares of Twitter by 46.2% during the 3rd quarter. Amerigo Asset Management now owns 6,875,910 shares of the social networking company’s stock worth $115,997,000 after acquiring an additional 2,172,000 shares in the last quarter. Finally, Apertura Capital LLC purchased a new stake in shares of Twitter during the 2nd quarter worth approximately $35,740,000. 50.69% 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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