Monness Crespi & Hardt initiated coverage on shares of Twilio (NYSE:TWLO) in a research note released on Wednesday, April 11th, MarketBeat reports. The brokerage issued a buy rating and a $60.00 price target on the technology company’s stock.
A number of other research firms also recently weighed in on TWLO. Robert W. Baird reaffirmed a buy rating on shares of Twilio in a research note on Thursday, March 15th. Vetr raised shares of Twilio from a sell rating to a hold rating and set a $39.36 price target on the stock in a research note on Monday, March 19th. Citigroup raised their target price on shares of Twilio to $43.00 and gave the company an overweight rating in a research note on Tuesday, March 13th. Zacks Investment Research raised shares of Twilio from a sell rating to a hold rating in a research note on Friday, April 6th. Finally, Dougherty & Co started coverage on shares of Twilio in a research note on Tuesday, April 10th. They issued a buy rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $40.30.
NYSE:TWLO opened at $42.11 on Wednesday. The company has a market cap of $3,879.45, a price-to-earnings ratio of -53.99 and a beta of -0.48. Twilio has a fifty-two week low of $22.80 and a fifty-two week high of $42.54.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.01. The company had revenue of $115.24 million for the quarter, compared to the consensus estimate of $103.51 million. Twilio had a negative net margin of 15.97% and a negative return on equity of 19.52%. equities analysts expect that Twilio will post -0.69 EPS for the current year.
In related news, Director Richard L. Dalzell sold 22,500 shares of Twilio stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $30.00, for a total transaction of $675,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Karyn Smith sold 2,952 shares of Twilio stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $30.84, for a total transaction of $91,039.68. The disclosure for this sale can be found here. Insiders have sold a total of 133,150 shares of company stock worth $4,619,974 in the last ninety days. 25.03% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in TWLO. Delpha Capital Management LLC acquired a new position in Twilio during the 4th quarter worth $101,000. Cerebellum GP LLC acquired a new position in Twilio during the 4th quarter worth $117,000. SeaCrest Wealth Management LLC acquired a new position in Twilio during the 4th quarter worth $123,000. Public Employees Retirement Association of Colorado acquired a new position in Twilio during the 4th quarter worth $159,000. Finally, Pinnacle Associates Ltd. acquired a new position in Twilio during the 4th quarter worth $210,000. 60.32% of the stock is owned by institutional investors.
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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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