Traders Purchase High Volume of Call Options on Twitter

Published on: 12 Jul, 2017

Twitter, Inc. (NYSE: TWTR) was the target of unusually large options trading on Wednesday. Investors acquired 59,240 call options on the company, representing an increase of 150% compared to the typical daily volume of 23,687 call options.

Twitter opened at 18.64 on Wednesday. The company’s market capitalization is $13.52 billion. Twitter has a 12-month low of $14.12 and a 12-month high of $25.25. The firm’s 50-day moving average price is $17.93 and its 200 day moving average price is $16.73.

The social networking company last issued its earnings results on Wednesday, April 26th, reporting $0.11 earnings per share (EPS) for the quarter, which beat the Zacks’ consensus estimate of ($0.16) by $0.27. The company had revenue of $548 million for the quarter, compared to analysts’ expectations of $513.04 million. Twitter had a negative net margin of 17.67% and a negative return on equity of 4.23%. Twitter’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. On average, equities research analysts expect that Twitter will post $0.33 EPS for the current fiscal year.

A number of other equities analysts have also weighed in on the stock. Vetr upgraded shares of Twitter from a “buy” rating to a “strong-buy” rating and set a $19.17 target price for the company in a research report on Monday, June 12th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Twitter in a research report on Saturday, June 3rd. Instinet reissued a “neutral” rating on shares of Twitter in a research note on Friday, June 2nd. Wells Fargo & Company reaffirmed a “hold” rating and issued a $14.50 price target on shares of Twitter in a research note on Friday, May 12th. Finally, Drexel Hamilton reaffirmed a “buy” rating on shares of Twitter in a research note on Tuesday, May 2nd. Sixteen investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $15.89.


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Austin Chiu



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