Twilio (NYSE:TWLO) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Monday. The brokerage presently has a $39.36 price target on the technology company’s stock. Vetr‘s target price indicates a potential downside of 3.74% from the company’s current price.
TWLO has been the subject of several other reports. KeyCorp reiterated a “hold” rating on shares of Twilio in a research note on Tuesday, December 5th. Zacks Investment Research downgraded Twilio from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Drexel Hamilton reiterated a “buy” rating and set a $47.00 target price on shares of Twilio in a research note on Monday, December 4th. JPMorgan Chase & Co. lifted their target price on Twilio from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Finally, Bank of America initiated coverage on Twilio in a research note on Thursday, March 1st. They set a “buy” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. Twilio currently has an average rating of “Buy” and an average price target of $37.96.
Twilio stock opened at $40.89 on Monday. Twilio has a one year low of $22.80 and a one year high of $41.94. The company has a market capitalization of $3,865.31, a P/E ratio of -59.26 and a beta of -0.11.
Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, February 13th. The technology company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $103.51 million. equities analysts expect that Twilio will post -0.69 EPS for the current year.
In related news, CFO Lee Kirkpatrick sold 7,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $25.89, for a total value of $181,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $675,000.00. The disclosure for this sale can be found here. Insiders sold a total of 128,436 shares of company stock valued at $4,249,631 over the last 90 days. 25.03% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Delpha Capital Management LLC acquired a new position in Twilio in the 4th quarter valued at $101,000. Cerebellum GP LLC acquired a new position in Twilio in the 4th quarter valued at $117,000. SeaCrest Wealth Management LLC acquired a new position in Twilio in the 4th quarter valued at $123,000. Public Employees Retirement Association of Colorado acquired a new position in Twilio in the 4th quarter valued at $159,000. Finally, Pinnacle Associates Ltd. acquired a new position in Twilio in the 4th quarter valued at $210,000. 60.30% of the stock is owned by hedge funds and other institutional investors.
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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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