Drexel Hamilton reaffirmed their buy rating on shares of Twilio (NYSE:TWLO) in a research note published on Monday. The firm currently has a $47.00 price target on the technology company’s stock.
TWLO has been the subject of several other reports. BidaskClub lowered Twilio from a buy rating to a hold rating in a research report on Saturday, November 4th. William Blair restated an outperform rating on shares of Twilio in a research report on Tuesday, September 5th. Northland Securities restated a buy rating and set a $36.00 price target on shares of Twilio in a research report on Tuesday, September 12th. Oppenheimer restated a buy rating and set a $38.00 price target on shares of Twilio in a research report on Monday, September 18th. Finally, Zacks Investment Research lowered Twilio from a hold rating to a sell rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $36.78.
Shares of Twilio (TWLO) traded down $0.36 during trading on Monday, reaching $25.71. The company had a trading volume of 2,944,000 shares, compared to its average volume of 2,754,932. Twilio has a 52 week low of $22.80 and a 52 week high of $35.15.
Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. The company had revenue of $100.54 million during the quarter, compared to analyst estimates of $92.50 million. Twilio had a negative return on equity of 17.55% and a negative net margin of 15.69%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) earnings per share. analysts anticipate that Twilio will post -0.75 EPS for the current fiscal year.
In other Twilio news, General Counsel Karyn Smith sold 5,213 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $25.83, for a total value of $134,651.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Lee Kirkpatrick sold 10,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $32.17, for a total value of $321,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,347 shares of company stock valued at $1,416,011. 25.03% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. FMR LLC raised its stake in Twilio by 19.8% in the second quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock valued at $269,541,000 after buying an additional 1,528,512 shares in the last quarter. Vanguard Group Inc. raised its stake in Twilio by 21.1% in the second quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock valued at $122,629,000 after buying an additional 734,659 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Twilio by 6.3% in the third quarter. Bank of New York Mellon Corp now owns 4,096,296 shares of the technology company’s stock valued at $122,275,000 after buying an additional 241,509 shares in the last quarter. Coatue Management LLC raised its stake in Twilio by 329.4% in the second quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock valued at $54,079,000 after buying an additional 1,425,085 shares in the last quarter. Finally, Foxhaven Asset Management LP raised its stake in Twilio by 1,068.4% in the second quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock valued at $40,745,000 after buying an additional 1,279,896 shares in the last quarter. Institutional investors own 60.13% of the company’s stock.
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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).
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