Twilio Inc. (NYSE:TWLO) had its price target hoisted by J P Morgan Chase & Co from $33.00 to $40.00 in a research note issued to investors on Tuesday. The firm currently has an overweight rating on the technology company’s stock.
A number of other brokerages have also recently weighed in on TWLO. Summit Redstone reduced 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. Drexel Hamilton reaffirmed a buy rating and set a $44.00 price target on shares of Twilio in a research report on Thursday, May 25th. Mitsubishi UFJ Financial Group reaffirmed a neutral rating and set a $23.00 price target (down from $32.50) on shares of Twilio in a research report on Thursday, May 4th. Vetr cut shares of Twilio from a strong-buy rating to a buy rating and set a $32.34 price target on the stock. in a research report on Monday, June 26th. Finally, Zacks Investment Research raised shares of Twilio from a sell rating to a hold rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $37.25.
Shares of Twilio (TWLO) opened at 31.38 on Tuesday. Twilio has a 12-month low of $22.80 and a 12-month high of $70.96. The firm’s 50-day moving average is $29.93 and its 200-day moving average is $29.14. The firm’s market capitalization is $2.85 billion.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.20). The firm had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $86.28 million. Twilio had a negative net margin of 13.42% and a negative return on equity of 15.99%. Twilio’s revenue was up 48.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) earnings per share. Equities research analysts forecast that Twilio will post ($0.23) EPS for the current fiscal year.
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In related news, Director Richard L. Dalzell sold 2,500 shares of the company’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $30.01, for a total value of $75,025.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Karyn Smith sold 5,213 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $24.59, for a total transaction of $128,187.67. The disclosure for this sale can be found here. Insiders sold 45,870 shares of company stock worth $1,296,550 over the last ninety days.
Hedge funds have recently bought and sold shares of the stock. Perigon Wealth Management LLC boosted its stake in Twilio by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 15,325 shares of the technology company’s stock valued at $442,000 after buying an additional 693 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Twilio during the first quarter valued at about $2,178,000. Nepsis Capital Management Inc. boosted its stake in Twilio by 16.2% in the second quarter. Nepsis Capital Management Inc. now owns 221,210 shares of the technology company’s stock valued at $6,439,000 after buying an additional 30,899 shares in the last quarter. US Bancorp DE boosted its stake in Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock valued at $170,000 after buying an additional 3,878 shares in the last quarter. Finally, Pacific Heights Asset Management LLC bought a new stake in Twilio during the second quarter valued at about $7,860,000. 73.97% of the stock is currently 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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