Twilio Inc (NYSE:TWLO) has earned a consensus recommendation of “Buy” from the twenty-six analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $135.61.
Several brokerages recently weighed in on TWLO. KeyCorp boosted their price objective on shares of Twilio from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Monness Crespi & Hardt cut shares of Twilio from a “buy” rating to a “neutral” rating in a research note on Thursday, October 31st. Oppenheimer reduced their price objective on shares of Twilio from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Northland Securities reduced their price objective on shares of Twilio from $151.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Royal Bank of Canada reduced their price objective on shares of Twilio from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st.
In other news, General Counsel Karyn Smith sold 19,917 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $126.49, for a total transaction of $2,519,301.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO George Hu sold 8,601 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $131.39, for a total transaction of $1,130,085.39. The disclosure for this sale can be found here. Insiders have sold 158,706 shares of company stock worth $18,307,629 in the last ninety days. Insiders own 10.85% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Centaurus Financial Inc. raised its holdings in shares of Twilio by 46.1% during the first quarter. Centaurus Financial Inc. now owns 3,209 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,012 shares during the period. Financial Architects Inc raised its holdings in shares of Twilio by 195.1% during the third quarter. Financial Architects Inc now owns 233 shares of the technology company’s stock valued at $26,000 after purchasing an additional 478 shares during the period. Truewealth LLC acquired a new position in shares of Twilio during the second quarter valued at about $27,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Twilio by 94.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 218 shares of the technology company’s stock valued at $30,000 after purchasing an additional 106 shares during the period. Finally, Banco de Sabadell S.A acquired a new position in shares of Twilio during the second quarter valued at about $31,000. Hedge funds and other institutional investors own 74.91% of the company’s stock.
Shares of Twilio stock traded up $1.43 during trading on Thursday, hitting $99.54. The company’s stock had a trading volume of 2,778,362 shares, compared to its average volume of 5,225,967. The company has a debt-to-equity ratio of 0.14, a current ratio of 9.57 and a quick ratio of 9.57. Twilio has a 52 week low of $71.56 and a 52 week high of $151.00. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of -124.43 and a beta of 1.14. The stock has a 50-day moving average price of $104.80 and a two-hundred day moving average price of $126.23.
Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. Twilio had a negative net margin of 26.20% and a negative return on equity of 6.02%. The company had revenue of $295.00 million for the quarter, compared to analysts’ expectations of $287.96 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Twilio’s revenue for the quarter was up 74.6% on a year-over-year basis. On average, equities analysts predict that Twilio will post -1.5 EPS for the current fiscal 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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