Twilio Inc. (TWLO) Receives Hold Rating from KeyCorp
A number of other brokerages have also commented on TWLO. Goldman Sachs Group, Inc. (The) reiterated 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, August 9th. Drexel Hamilton reiterated 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, August 9th. Oppenheimer Holdings, Inc. reiterated a buy rating and issued a $38.00 price target on shares of Twilio in a research note on Monday. Northland Securities reiterated a buy rating and issued a $36.00 price target on shares of Twilio in a research note on Tuesday, September 12th. Finally, Canaccord Genuity upped 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, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Twilio has a consensus rating of Buy and an average price target of $37.50.
Shares of Twilio (NYSE:TWLO) opened at 31.04 on Tuesday. The stock has a 50 day moving average price of $30.80 and a 200 day moving average price of $30.80. The firm’s market capitalization is $2.85 billion. Twilio has a 12 month low of $25.98 and a 12 month high of $70.96.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, meeting the Zacks’ 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 for the quarter, compared to analyst estimates of $86.28 million. During the same quarter in the prior year, the business earned ($0.08) EPS. Twilio’s quarterly revenue was up 48.7% on a year-over-year basis. On average, analysts expect that Twilio will post ($0.22) earnings per share for the current year.
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In other Twilio news, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $29.21, for a total value of $152,271.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Lee Kirkpatrick sold 16,000 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $29.86, for a total transaction of $477,760.00. The disclosure for this sale can be found here. Insiders sold a total of 56,135 shares of company stock valued at $1,711,071 in the last three months.
Several institutional investors have recently modified their holdings of TWLO. Thompson Davis & CO. Inc. lifted its holdings in shares of Twilio by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after acquiring an additional 34 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Twilio by 12.1% during the 2nd quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after acquiring an additional 555 shares during the period. IFP Advisors Inc lifted its holdings in shares of Twilio by 10.0% during the 2nd quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after acquiring an additional 469 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Twilio during the 2nd quarter worth approximately $159,000. Finally, US Bancorp DE lifted its holdings in shares of Twilio by 199.1% during the 2nd quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after acquiring an additional 3,878 shares during the period. 84.25% of the stock is owned by 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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