Boothbay Fund Management LLC purchased a new stake in Twitter, Inc. (NYSE:TWTR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 37,986 shares of the social networking company’s stock, valued at approximately $641,000.

Other hedge funds also recently made changes to their positions in the company. Exane Derivatives increased its stake in shares of Twitter by 18.7% in the 3rd quarter. Exane Derivatives now owns 59,516 shares of the social networking company’s stock valued at $1,004,000 after acquiring an additional 9,363 shares during the last quarter. Vivaldi Asset Management LLC bought a new stake in Twitter during the 2nd quarter worth approximately $7,521,000. Allen Investment Management LLC bought a new stake in Twitter during the 2nd quarter worth approximately $7,169,000. Contrarius Investment Management Ltd increased its stake in Twitter by 17.4% during the 2nd quarter. Contrarius Investment Management Ltd now owns 5,553,048 shares of the social networking company’s stock worth $99,233,000 after purchasing an additional 822,455 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Twitter by 21.3% during the 2nd quarter. Toronto Dominion Bank now owns 7,592 shares of the social networking company’s stock worth $136,000 after purchasing an additional 1,333 shares in the last quarter. 50.83% of the stock is owned by institutional investors.

In other Twitter news, General Counsel Vijaya Gadde sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $17.66, for a total transaction of $264,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Evan Clark Williams sold 2,000,300 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $21.06, for a total value of $42,126,318.00. Following the sale, the director now directly owns 2,530,241 shares of the company’s stock, valued at approximately $53,286,875.46. The disclosure for this sale can be found here. In the last three months, insiders sold 6,032,830 shares of company stock valued at $122,125,443. 10.79% of the stock is currently owned by insiders.

A number of research firms recently issued reports on TWTR. Vetr raised Twitter from a “buy” rating to a “strong-buy” rating and set a $25.65 target price for the company in a research note on Thursday, November 23rd. Canaccord Genuity increased their target price on Twitter from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. J P Morgan Chase & Co increased their target price on Twitter from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Zacks Investment Research raised Twitter from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Tuesday, October 31st. Finally, MKM Partners increased their target price on Twitter from $18.00 to $21.50 and gave the stock a “neutral” rating in a research note on Thursday, November 30th. Twelve research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.99.

Twitter, Inc. (NYSE TWTR) traded up $0.09 during midday trading on Friday, hitting $21.10. The stock had a trading volume of 14,865,480 shares, compared to its average volume of 13,869,490. 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, Inc. has a 12 month low of $14.12 and a 12 month high of $22.48.

Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $590.00 million during the quarter, compared to the consensus estimate of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. sell-side analysts forecast that Twitter, Inc. will post 0.02 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Twitter (NYSE:TWTR)

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