Shares of Twilio Inc (NYSE:TWLO) have been assigned an average rating of “Buy” from the twenty-three ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $147.85.
TWLO has been the topic of a number of research reports. TheStreet raised Twilio from a “d” rating to a “c” rating in a report on Monday, June 24th. Needham & Company LLC began coverage on Twilio in a report on Tuesday, June 18th. They issued a “buy” rating and a $165.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $167.00 price objective on shares of Twilio in a report on Thursday, July 25th. Morgan Stanley raised Twilio from an “equal” rating to a “weight” rating and lifted their price objective for the company from $130.00 to $135.00 in a report on Thursday, September 19th. Finally, KeyCorp lifted their price objective on Twilio from $156.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, August 1st.
In other news, Director Richard L. Dalzell sold 500 shares of Twilio stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $124.11, for a total transaction of $62,055.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Karyn Smith sold 937 shares of Twilio stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $142.38, for a total transaction of $133,410.06. The disclosure for this sale can be found here. Insiders sold a total of 161,201 shares of company stock worth $20,557,709 in the last ninety days. 10.85% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of TWLO. Price T Rowe Associates Inc. MD raised its position in shares of Twilio by 123.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,191,487 shares of the technology company’s stock worth $707,859,000 after purchasing an additional 2,869,996 shares during the last quarter. Jennison Associates LLC raised its position in shares of Twilio by 264.4% during the 2nd quarter. Jennison Associates LLC now owns 3,482,690 shares of the technology company’s stock worth $474,865,000 after purchasing an additional 2,526,830 shares during the last quarter. Morgan Stanley raised its position in shares of Twilio by 26.6% during the 2nd quarter. Morgan Stanley now owns 8,268,134 shares of the technology company’s stock worth $1,127,360,000 after purchasing an additional 1,736,102 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Twilio by 20.0% during the 2nd quarter. Vanguard Group Inc. now owns 10,068,328 shares of the technology company’s stock worth $1,372,817,000 after purchasing an additional 1,675,494 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Twilio by 26.4% during the 1st quarter. BlackRock Inc. now owns 4,956,403 shares of the technology company’s stock worth $640,268,000 after purchasing an additional 1,034,624 shares during the last quarter. Institutional investors own 74.58% of the company’s stock.
Shares of NYSE TWLO traded up $3.67 during midday trading on Wednesday, reaching $110.23. 183,339 shares of the company were exchanged, compared to its average volume of 4,355,961. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 0.14. Twilio has a 1 year low of $62.43 and a 1 year high of $151.00. The stock has a fifty day simple moving average of $122.58 and a 200 day simple moving average of $131.60. The stock has a market cap of $15.07 billion, a P/E ratio of -137.74 and a beta of 1.22.
Twilio (NYSE:TWLO) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.18). Twilio had a negative return on equity of 7.22% and a negative net margin of 23.07%. The company had revenue of $275.00 million for the quarter, compared to analysts’ expectations of $264.43 million. During the same period in the prior year, the business earned $0.03 EPS. The business’s quarterly revenue was up 86.1% compared to the same quarter last year. As a group, analysts forecast that Twilio will post -1.54 earnings per share for the current year.
Twilio Company Profile
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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