Twilio (NYSE:TWLO) had its price objective increased by Citigroup to $43.00 in a research note issued on Tuesday, The Fly reports. The firm presently has an “overweight” rating on the technology company’s stock. Citigroup’s price objective indicates a potential upside of 5.42% from the company’s current price.
TWLO has been the topic of a number of other research reports. Northland Securities set a $36.00 price objective on Twilio and gave the stock a “buy” rating in a research note on Monday, November 13th. KeyCorp reiterated a “hold” rating on shares of Twilio in a research note on Tuesday, December 5th. Zacks Investment Research cut Twilio from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Drexel Hamilton restated a “buy” rating and issued a $47.00 price target on shares of Twilio in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. increased their price target on Twilio from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Twilio currently has an average rating of “Buy” and an average target price of $37.66.
Shares of Twilio (NYSE TWLO) opened at $40.79 on Tuesday. Twilio has a 12 month low of $22.80 and a 12 month high of $41.94. The stock has a market capitalization of $3,790.00 and a P/E ratio of -50.99.
Twilio (NYSE:TWLO) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. Twilio had a negative return on equity of 19.52% and a negative net margin of 15.97%. The company had revenue of $115.24 million for the quarter, compared to analysts’ expectations of $103.51 million. equities analysts expect that Twilio will post -0.69 earnings per share for the current year.
In other Twilio news, Director Richard L. Dalzell sold 22,500 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $30.00, for a total value of $675,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Karyn Smith sold 5,213 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $25.50, for a total value of $132,931.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,842 shares of company stock worth $4,020,701. 25.03% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TWLO. Ark Investment Management LLC grew its holdings in Twilio by 1,003.4% in the 2nd quarter. Ark Investment Management LLC now owns 210,256 shares of the technology company’s stock valued at $6,121,000 after buying an additional 191,201 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Twilio by 155.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,761 shares of the technology company’s stock valued at $575,000 after buying an additional 12,031 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Twilio in the 3rd quarter valued at $219,000. New York State Common Retirement Fund grew its holdings in Twilio by 2.9% in the 3rd quarter. New York State Common Retirement Fund now owns 68,400 shares of the technology company’s stock valued at $2,042,000 after buying an additional 1,900 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. acquired a new position in Twilio in the 3rd quarter valued at $582,000. 61.43% of the stock is currently owned by hedge funds and other institutional investors.
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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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