Twilio Inc. (NYSE:TWLO)‘s stock had its “sell” rating reaffirmed by equities researchers at Goldman Sachs Group, Inc. (The) in a research report issued to clients and investors on Wednesday. They currently have a $33.00 price target on the technology company’s stock, up from their prior price target of $30.00.
A number of other brokerages have also weighed in on TWLO. Summit Redstone decreased their price objective on shares of Twilio from $36.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Drexel Hamilton restated a “buy” rating and issued a $47.00 price objective (up from $44.00) on shares of Twilio in a report on Wednesday. J P Morgan Chase & Co boosted their price objective on shares of Twilio from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday. Mitsubishi UFJ Financial Group restated a “neutral” rating and issued a $23.00 price objective (down from $32.50) on shares of Twilio in a report on Thursday, May 4th. Finally, Vetr lowered shares of Twilio from a “strong-buy” rating to a “buy” rating and set a $32.34 price objective for the company. in a report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.25.
Twilio (NYSE TWLO) traded down 1.73% during trading on Wednesday, hitting $33.00. The stock had a trading volume of 2,023,099 shares. The stock’s 50-day moving average price is $29.39 and its 200-day moving average price is $29.01. Twilio has a 1-year low of $22.80 and a 1-year high of $70.96. The company’s market capitalization is $2.99 billion. Twilio also saw unusually large options trading activity on Monday. Investors acquired 10,933 put options on the company. This represents an increase of 795% compared to the average daily volume of 1,222 put options.
Twilio (NYSE:TWLO) last announced its quarterly earnings data on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $86.28 million. During the same period in the previous year, the business earned ($0.08) EPS. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. Analysts expect that Twilio will post ($0.29) earnings per share for the current year.
In other news, Director Richard L. Dalzell sold 2,500 shares of the business’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $30.01, for a total transaction of $75,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lee Kirkpatrick sold 10,851 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $25.73, for a total transaction of $279,196.23. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,870 shares of company stock valued at $1,296,550.
Large investors have recently modified their holdings of the stock. Perigon Wealth Management LLC increased its stake in shares of Twilio by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 15,325 shares of the technology company’s stock worth $442,000 after buying an additional 693 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Twilio during the first quarter worth about $2,178,000. Nepsis Capital Management Inc. increased its stake in shares of Twilio by 16.2% in the second quarter. Nepsis Capital Management Inc. now owns 221,210 shares of the technology company’s stock worth $6,439,000 after buying an additional 30,899 shares during the last quarter. US Bancorp DE increased its stake in shares of Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after buying an additional 3,878 shares during the last quarter. Finally, Pacific Heights Asset Management LLC acquired a new stake in shares of Twilio during the second quarter worth about $7,860,000. 73.97% of the stock is owned by hedge funds and other institutional investors.
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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