Twilio Inc (NYSE:TWLO)‘s stock had its “outperform” rating reaffirmed by stock analysts at JMP Securities in a note issued to investors on Tuesday. They currently have a $35.00 target price on the technology company’s stock, up from their previous target price of $33.00. JMP Securities’ price objective suggests a potential upside of 23.37% from the company’s current price.
TWLO has been the topic of several other research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $40.00 price target on shares of Twilio in a research report on Friday, February 24th. Zacks Investment Research raised Twilio from a “sell” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Friday, April 28th. William Blair reissued an “outperform” rating on shares of Twilio in a report on Friday, March 17th. J P Morgan Chase & Co raised Twilio from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $26.93 to $36.00 in a report on Friday, April 7th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $38.00 target price on shares of Twilio in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $35.69.
Shares of Twilio (TWLO) traded down 3.014% during trading on Tuesday, reaching $27.515. 2,422,841 shares of the company traded hands. Twilio has a 1-year low of $22.80 and a 1-year high of $70.96. The stock’s 50 day moving average is $25.45 and its 200 day moving average is $29.02. The company’s market capitalization is $2.49 billion. Twilio also saw unusually large options trading on Monday. Stock traders bought 1,602 call options on the stock. This is an increase of approximately 182% compared to the average volume of 569 call options.
Twilio (NYSE:TWLO) last released its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.14) EPS for the quarter, hitting the consensus estimate of ($0.14). The company had revenue of $87.37 million for the quarter, compared to analyst estimates of $83.57 million. Twilio had a negative return on equity of 17.10% and a negative net margin of 16.28%. On average, analysts forecast that Twilio will post ($0.29) EPS for the current year.
In other Twilio news, General Counsel Karyn Smith sold 5,399 shares of the business’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $31.80, for a total transaction of $171,688.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeff Lawson bought 100,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were purchased at an average price of $23.43 per share, for a total transaction of $2,343,000.00. The disclosure for this purchase can be found here. Insiders have sold 31,463 shares of company stock worth $883,272 in the last ninety days.
An institutional investor recently raised its position in Twilio stock. Perigon Wealth Management LLC boosted its position in Twilio Inc (NYSE:TWLO) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,325 shares of the technology company’s stock after buying an additional 693 shares during the period. Perigon Wealth Management LLC’s holdings in Twilio were worth $442,000 at the end of the most recent reporting period. 72.44% of the stock is owned by institutional investors.
Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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