Robert W. Baird restated their buy rating on shares of Twilio Inc. (NYSE:TWLO) in a research report released on Wednesday morning. The firm currently has a $39.00 target price on the technology company’s stock.

Other equities analysts also recently issued research reports about the stock. Mitsubishi UFJ Financial Group upgraded shares of Twilio from a neutral rating to a buy rating and upped their price objective for the stock from $23.00 to $35.00 in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Twilio from a hold rating to a buy rating and set a $34.00 price objective on the stock in a research note on Wednesday, July 19th. Summit Redstone reissued a buy rating and issued a $36.00 price objective on shares of Twilio in a research note on Monday, July 17th. Vetr cut shares of Twilio from a strong-buy rating to a buy rating and set a $32.34 price objective on the stock. in a research note on Monday, June 26th. Finally, Drexel Hamilton reissued a buy rating and issued a $47.00 price objective (up from $44.00) on shares of Twilio in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Twilio presently has an average rating of Buy and an average target price of $37.68.

Shares of Twilio (TWLO) opened at 29.85 on Wednesday. The firm’s market cap is $2.74 billion. The stock has a 50 day moving average of $30.80 and a 200-day moving average of $30.80. Twilio has a 1-year low of $25.98 and a 1-year high of $70.96.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) EPS 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 15.40%. The firm had revenue of $95.90 million during the quarter, compared to the consensus estimate of $86.28 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. Twilio’s revenue for the quarter was up 48.7% on a year-over-year basis. Equities analysts anticipate that Twilio will post ($0.22) EPS for the current fiscal year.

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In other Twilio news, 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 value of $477,760.00. The sale was disclosed in a legal 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. Over the last 90 days, insiders have sold 61,348 shares of company stock worth $1,873,873.

A number of institutional investors and hedge funds have recently modified their holdings of TWLO. Perigon Wealth Management LLC increased its stake in Twilio by 4.7% in the 1st quarter. Perigon Wealth Management LLC now owns 15,325 shares of the technology company’s stock worth $442,000 after purchasing an additional 693 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Twilio during the 1st quarter valued at about $2,178,000. Nepsis Capital Management Inc. grew its stake in Twilio by 16.2% during the 2nd quarter. Nepsis Capital Management Inc. now owns 221,210 shares of the technology company’s stock valued at $6,439,000 after acquiring an additional 30,899 shares in the last quarter. US Bancorp DE grew its stake in Twilio by 199.1% during the 2nd quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock valued at $170,000 after acquiring an additional 3,878 shares in the last quarter. Finally, Pacific Heights Asset Management LLC purchased a new position in Twilio during the 2nd quarter valued at about $7,860,000. 58.11% of the stock is currently owned by hedge funds and other institutional investors.

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).

Analyst Recommendations for Twilio (NYSE:TWLO)

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