Twilio Inc (NYSE:TWLO) shares were up 7.2% on Thursday . The company traded as high as $96.45 and last traded at $96.19. Approximately 6,159,920 shares were traded during mid-day trading, an increase of 115% from the average daily volume of 2,867,252 shares. The stock had previously closed at $89.70.

TWLO has been the subject of a number of research analyst reports. DA Davidson initiated coverage on Twilio in a research report on Tuesday, October 2nd. They set a “buy” rating and a $99.00 price target for the company. Mitsubishi UFJ Financial Group increased their price target on Twilio to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 7th. JMP Securities increased their price target on Twilio from $76.00 to $86.00 and gave the company an “outperform” rating in a research report on Tuesday, September 4th. Oppenheimer increased their price target on Twilio from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Finally, JPMorgan Chase & Co. increased their price target on Twilio to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 7th. Two analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Twilio currently has a consensus rating of “Buy” and a consensus price target of $82.22.

The company has a debt-to-equity ratio of 0.99, a current ratio of 6.78 and a quick ratio of 6.78. The stock has a market capitalization of $9.51 billion, a PE ratio of -114.53 and a beta of 1.10.

Twilio (NYSE:TWLO) last released its earnings results on Tuesday, November 6th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.04. Twilio had a negative return on equity of 18.94% and a negative net margin of 16.70%. The business had revenue of $168.90 million during the quarter, compared to the consensus estimate of $151.62 million. During the same period last year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter was up 68.0% on a year-over-year basis. Analysts anticipate that Twilio Inc will post -0.69 EPS for the current fiscal year.

In other Twilio news, Director Erika Rottenberg sold 3,750 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $88.93, for a total value of $333,487.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO George Hu sold 7,800 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $93.18, for a total value of $726,804.00. The disclosure for this sale can be found here. Insiders sold 189,001 shares of company stock valued at $15,713,556 over the last three months. Company insiders own 19.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TWLO. Synovus Financial Corp purchased a new position in shares of Twilio in the third quarter valued at $129,000. Patton Albertson Miller Group LLC purchased a new position in shares of Twilio in the third quarter valued at $115,000. Catalyst Capital Advisors LLC purchased a new position in shares of Twilio in the second quarter valued at $112,000. People s United Financial Inc. purchased a new position in shares of Twilio in the third quarter valued at $202,000. Finally, BKS Advisors LLC purchased a new position in shares of Twilio in the third quarter valued at $208,000. 59.43% of the stock is owned by institutional investors and hedge funds.

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About Twilio (NYSE:TWLO)

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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