Twitter is soaring after reporting its first quarterly profit (TWTR)

Illustration by Alex Castro  The Verge

Twitter (NYSE:TWTR) last announced its earnings results on Thursday, July 27th. SunTrust Banks has a "Hold" rating and a $18.00 price target on the stock.

Twitter has finally broken its dry spell in the fourth quarter of 2017 as it posted its first ever quarterly profit of $91 million on revenue of $732 million.

Traders sold shares of Twitter Inc (NYSE:TWTR) on strength during trading on Wednesday.

Going into Twitter's fourth quarter, Twitter management said it expected fourth-quarter adjusted earnings before interest, taxes, and depreciation (EBITDA) to be between $220 million and $240 million.

The San Francisco-based tech firm announced a GAAP net income of $91 million, which compares favorably to the net loss of $167 million on the same period past year and the $21 million net loss for Q3 2017. ZNGA stock has pulled back since hitting a three-year high of $4.34 on November 29, most recently pressured by a 27.5% surge in short interest during the latest two-week reporting period.

TWTR has been the topic of a number of other reports. Vetr raised shares of Twitter from a hold rating to a buy rating and set a $22.96 price target for the company in a research report on Monday, October 30th. The fund owned 2,419,052 shares of the social networking company's stock after buying an additional 2,406,186 shares during the period.

For 2017, Twitter reported annual revenues of $2.4bn.

Shares surged 25% to US$26.9 each in USA pre-market trade.

An analyst at a small research firm told his clients Twitter shares have gone up way too far. $261.73 million flowed into the stock on the tick-up and $294.27 million flowed out of the stock on the tick-down, for a money net flow of $32.54 million out of the stock.

Overall revenue was $731.6 million, beating Wall Street's target of $686.1 million, according to Thomson Reuters I/B/E/S. Twitter has a 1-year low of $14.12 and a 1-year high of $27.33. The company has a debt-to-equity ratio of 0.35, a quick ratio of 10.40 and a current ratio of 10.40. The company reported its financial results for the fourth quarter, blowing away revenue and earnings.

Aaron Goldman, CMO, 4C Insights, said: "Twitter's strong quarter is a clear reflection of brands steadily increasing their investment to capitalise on multi-screen marketing". The biggest holder now is Mr. Anthony Noto who owns 2,341,102 shares (0.32% of those outstanding), whilst Mr. Evan Williams holds 2,236,629 (0.30% of shares outstanding) and Mr. Adam Bain holds 2,051,231 (0.28% of shares outstanding).

Twitter had never had a profitable quarter until now. Current price levels see the company 29.92% off the 20-day simple moving average. 0 analysts gave its stock an Outperform rating. Institutional investors own 50.12% of the company's stock.

On 1/22/2018 Vijaya Gadde, General Counsel, sold 15,000 with an average share price of $23.28 per share and the total transaction amounting to $349,200.00. The shares were sold at an average price of $20.62, for a total value of $81,036.60.

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