Twilio Inc. (NYSE:TWLO) Receives Average Rating of “Buy” from Analysts
Twilio Inc. (NYSE:TWLO) has been assigned an average rating of “Buy” from the nineteen ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $37.34.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Twilio from a “buy” rating to a “hold” rating in a research note on Friday. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $33.00 price target (up previously from $30.00) on shares of Twilio in a research note on Wednesday. Drexel Hamilton reissued a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Twilio in a research note on Wednesday. Canaccord Genuity increased their price target on shares of Twilio from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Robert W. Baird increased their price target on shares of Twilio from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday.
In other Twilio 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 value of $128,187.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Lee Kirkpatrick sold 10,851 shares of the firm’s stock in a transaction that occurred 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. Insiders sold a total of 45,870 shares of company stock valued at $1,296,550 in the last three months.
A number of institutional investors have recently modified their holdings of TWLO. FMR LLC boosted its position in shares of Twilio by 19.8% in the second quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock valued at $269,541,000 after buying an additional 1,528,512 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Twilio by 21.1% in the second quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock valued at $122,629,000 after buying an additional 734,659 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Twilio by 26.8% in the second quarter. Bank of New York Mellon Corp now owns 3,854,787 shares of the technology company’s stock valued at $112,213,000 after buying an additional 815,890 shares in the last quarter. Coatue Management LLC boosted its position in shares of Twilio by 329.4% in the second quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock valued at $54,079,000 after buying an additional 1,425,085 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Twilio by 17.5% in the second quarter. Franklin Resources Inc. now owns 1,332,581 shares of the technology company’s stock valued at $38,792,000 after buying an additional 198,157 shares in the last quarter. 73.97% of the stock is owned by institutional investors.
Twilio (NYSE TWLO) traded up 3.63% on Friday, reaching $31.38. The company had a trading volume of 3,415,990 shares. The company’s 50-day moving average price is $29.86 and its 200 day moving average price is $29.12. The firm’s market capitalization is $2.85 billion. Twilio has a 1-year low of $22.80 and a 1-year high of $70.96.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.99%. The business had revenue of $95.90 million during the quarter, compared to analysts’ expectations of $86.28 million. During the same quarter in the prior year, the company posted ($0.08) EPS. The business’s revenue for the quarter was up 48.7% on a year-over-year basis. On average, equities analysts forecast that Twilio will post ($0.23) EPS for the current year.
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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