Twilio Inc. (NYSE:TWLO)‘s stock had its “buy” rating reaffirmed by analysts at Drexel Hamilton in a research report issued on Wednesday. They currently have a $47.00 target price on the technology company’s stock, up from their previous target price of $44.00. Drexel Hamilton’s price target points to a potential upside of 42.42% from the stock’s current price.
Several other brokerages have also recently weighed in on TWLO. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $38.00 price target on shares of Twilio in a research report on Tuesday, May 2nd. Summit Redstone dropped their price target on shares of Twilio from $36.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, May 3rd. Vetr cut shares of Twilio from a “buy” rating to a “hold” rating and set a $34.70 price target on the stock. in a research report on Wednesday, May 3rd. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Wednesday, May 3rd. Finally, Zacks Investment Research raised shares of 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. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.53.
Twilio (TWLO) traded down 1.73% on Wednesday, reaching $33.00. The company’s stock had a trading volume of 2,023,099 shares. The stock’s 50 day moving average price is $29.13 and its 200 day moving average price is $29.02. Twilio has a 12 month low of $22.80 and a 12 month high of $70.96. The company’s market cap is $2.99 billion. Twilio also saw unusually large options trading activity on Monday. Stock traders purchased 10,933 put options on the company. This is an increase of approximately 795% compared to the average volume of 1,222 put options.
Twilio (NYSE:TWLO) last released its quarterly earnings data on Monday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.20). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.99%. The company had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $86.28 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The business’s revenue was up 48.7% on a year-over-year basis. Equities research analysts forecast that Twilio will post ($0.29) earnings per share for the current year.
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In other news, General Counsel Karyn Smith sold 5,213 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $24.59, for a total transaction of $128,187.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Mcgeever purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were bought at an average price of $23.19 per share, with a total value of $231,900.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 45,870 shares of company stock valued at $1,296,550.
Large investors have recently modified their holdings of the company. Pier Capital LLC bought a new stake in shares of Twilio during the second quarter valued at about $5,829,000. Pinnacle Associates Ltd. bought a new stake in shares of Twilio during the second quarter valued at about $212,000. Swiss National Bank raised its stake in shares of Twilio by 109.8% in the second quarter. Swiss National Bank now owns 77,400 shares of the technology company’s stock valued at $2,253,000 after buying an additional 40,500 shares during the last quarter. Ray Gerald L & Associates Ltd. acquired a new position in Twilio during the second quarter worth $731,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Twilio by 111.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,978 shares of the technology company’s stock worth $174,000 after buying an additional 3,156 shares in the last quarter. Institutional investors own 73.97% of the company’s stock.
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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