Twilio Inc. (TWLO) Receives Average Recommendation of “Buy” from Brokerages
Twilio Inc. (NYSE:TWLO) has received an average rating of “Buy” from the twenty research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $38.03.
Several research analysts have recently commented on TWLO shares. Vetr raised shares of Twilio from a “buy” rating to a “strong-buy” rating and set a $32.00 price target for the company in a report on Thursday, July 6th. Zacks Investment Research raised shares of Twilio from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, July 19th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $38.00 price target on shares of Twilio in a report on Monday, September 18th. Robert W. Baird started coverage on shares of Twilio in a report on Monday, July 10th. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Summit Redstone reaffirmed a “buy” rating and issued a $36.00 price target on shares of Twilio in a report on Monday, July 17th.
Shares of Twilio (NYSE TWLO) traded up 2.52% during midday trading on Friday, hitting $32.16. 1,358,999 shares of the stock were exchanged. The company’s market cap is $2.96 billion. Twilio has a 12-month low of $25.98 and a 12-month high of $62.77. The firm has a 50-day moving average price of $30.38 and a 200-day moving average price of $30.38.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.20). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.40%. The business 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 posted ($0.08) EPS. The company’s quarterly revenue was up 48.7% on a year-over-year basis. On average, equities analysts predict that Twilio will post ($0.22) EPS for the current year.
In other Twilio news, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $31.23, for a total transaction of $162,801.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 2,500 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $30.01, for a total transaction of $75,025.00. The disclosure for this sale can be found here. Insiders have sold a total of 61,348 shares of company stock worth $1,873,873 over the last 90 days.
Several hedge funds have recently added to or reduced their stakes in the business. Verition Fund Management LLC bought a new stake in shares of Twilio during the 2nd quarter worth about $364,000. Ameritas Investment Partners Inc. bought a new stake in shares of Twilio during the 2nd quarter worth about $159,000. California State Teachers Retirement System raised its position in shares of Twilio by 182.6% during the 2nd quarter. California State Teachers Retirement System now owns 110,200 shares of the technology company’s stock worth $3,208,000 after buying an additional 71,200 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Twilio by 53.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,287 shares of the technology company’s stock worth $678,000 after buying an additional 8,145 shares in the last quarter. Finally, Foxhaven Asset Management LP raised its position in shares of Twilio by 1,068.4% during the 2nd quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock worth $40,745,000 after buying an additional 1,279,896 shares in the last quarter. Institutional investors own 58.11% of the company’s stock.
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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