On Jan. 05, Montano Michael divested U.S. $120,375 in shares of Twitter Inc.. The Engineering Lead sold 2,250 shares at a price per share of $53.50. The transaction decreased this specific insider’s holdings to 667,020 shares worth around $34.91 million at present.
JP Morgan took its Twitter Inc. [TWTR] rating to the equivalent of an Overweight from a Neutral, and the price target to $65, in a research note dated December 16, 2020. That figure represents around a 19.49% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with JP Morgan’s analysts upgrading the shares from “a Neutral” rating to “an Overweight” rating in a research note to investors issued in mid December. Meanwhile, Pivotal Research Group had maintained its rating on TWTR to the earlier “Buy” rating, in a research note produced for clients October 30, 2020. In addition, there was an upgrade from Deutsche Bank on October 12, 2020. The rater changed TWTR from “a Hold” to “a Buy”.
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Is Twitter Inc. [NYSE:TWTR] a Good Buy Right Now?
It should be noted that TWTR technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 100% Buy in the last week and compares with 80% Buy in the past month. Data from Twitter Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 12.13 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 16.1 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 15.96 million shares.
TWTR Price Performance
On Wall Street, Twitter Inc. [NYSE:TWTR] finished Thursday’s session down -1.75% at $52.33. The stock went up to $53.3799 at the same session while its lowest single day price was $51.46. In the last five days, it saw a fall of about -3.68%, Twitter Inc. shares dropped by almost -3.36% since the beginning of the year. However, the share price has dropped to as low as -6.74% below its one year high. On 01/04/21, the company shares recorded $55.49, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/07/21, the same year at $51.46. The company’s shares have inclined by 58.34% in the past year. The 50-day SMA achieved is $48.40 while the 200-day SMA is $38.76. Volume gained to 18.97 million from 9.26 million in the previous session.
TWTR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 51.40 level, and in case of violation of this particular level, it will cause more drop to 50.47 level. On the upper level, 54.31 is still the key resistance. The stock may increase to the subsequent resistance at 53.32. The Relative Strength Index (RSI) pinned on the 14-day chart is 52.67, implying a neutral technical stance while the MACD stands at -1.10, meaning price will decrease in the next trading period. Percent R indicator moved to 81.17%, implying bearish price movement. Stochastic %K at 29.59% suggest holding the stock.
What is the short interest in Twitter Inc.?
Short interest in the Twitter Inc. stock has surged, increasing by 3.9 million shares to total 21.77 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 25.67 million, data from Yahoo Finance shows. The decrease of -17.91% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 3.13% of the overall float for the stock.
Twitter Inc.’s Biggest Shareholders: Who Owns Twitter Inc. [TWTR]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 77,643,295 shares or roughly 9.76% of the outstanding TWTR shares. This means their shares have reduced by -1,098,483 from the 77,643,295 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Morgan Stanley Investment Managem updated stake is worth $2,593,522,247. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 5.04% stake valued at $1,819,034,378 while SSgA Funds Management, Inc. cut theirs at $1,658,784,452. During the last quarter, BlackRock Fund Advisors raised 1,875,911 of its shares in Twitter Inc. while SSgA Funds Management, Inc. sold -243,407 shares. The ClearBridge Investments LLC’s holdings currently number 22,784,965 shares at $1192337218.45. According to the firm’s last 13F report, Aristotle Capital Management LLC shares in the company at filing stood at 16,820,309 shares, roughly $782,312,572.
TWTR Earnings Forecast For The Current Quarter
Twitter Inc. [TWTR] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.18B and an earnings per share of $0.29 for Dec 2020. Looking further ahead, the company is expected to report revenue of $956.58M at an EPS of $0.15 for Mar 2021. The estimates represent upside of 21.90% and 225.40% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
TWTR Earnings Estimates For The Current Year
For the financial year, Twitter Inc. [NYSE:TWTR] is expected to bring in revenue of $3.61B. The returns are nearly $150.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.71, lower than that of FY19 by -$3.08. Estimates put this year’s earnings growth at -130.00%, 223.90% for the next, and at an annual -18.69% over the next 5-year period. As for sales, forecasts are for an increase of 4.40% in the current fiscal year and a further 21.90% over the following year.
What are analyst thoughts on Twitter Inc.?
Looking forward to the Twitter Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Twitter Inc. stock at $47.00 within the next 12 months, which represents almost -11.34 per cent growth from its previous closing price of $52.33. The highest analysts’ target for Twitter Inc. stock projections is $65.00 and the lowest one is $19.00. Still, 38 analysts sharing their consensus rating for TWTR stock in 2021 agree that it is a Hold.