Twilio Inc (NYSE:TWLO) has been assigned an average rating of “Buy” from the twenty-one brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and twenty have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $76.55.
TWLO has been the topic of several research analyst reports. JMP Securities boosted their price target on shares of Twilio from $76.00 to $86.00 and gave the company an “outperform” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded shares of Twilio from a “sell” rating to a “hold” rating in a report on Sunday, July 15th. KeyCorp restated a “buy” rating and issued a $99.00 price objective on shares of Twilio in a report on Thursday, October 11th. Oppenheimer upped their price objective on shares of Twilio from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, August 7th. Finally, Monness Crespi & Hardt upped their price objective on shares of Twilio from $85.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, September 12th.
Shares of NYSE TWLO opened at $71.02 on Friday. Twilio has a 1 year low of $23.25 and a 1 year high of $88.88. The company has a debt-to-equity ratio of 0.98, a quick ratio of 7.20 and a current ratio of 7.20. The stock has a market cap of $7.24 billion, a P/E ratio of -91.05 and a beta of 1.00.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Twilio had a negative net margin of 18.29% and a negative return on equity of 21.41%. The company had revenue of $168.90 million for the quarter, compared to analysts’ expectations of $151.62 million. During the same quarter in the previous year, the company earned ($0.08) earnings per share. Twilio’s quarterly revenue was up 68.0% on a year-over-year basis. As a group, equities analysts predict that Twilio will post -0.77 EPS for the current fiscal year.
In other news, General Counsel Karyn Smith sold 939 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $74.55, for a total value of $70,002.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO George Hu sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $75.44, for a total transaction of $377,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,477 shares of company stock worth $14,711,857. Corporate insiders own 19.80% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Whale Rock Capital Management LLC bought a new position in Twilio during the second quarter valued at approximately $64,266,000. First Trust Advisors LP lifted its position in Twilio by 684.7% during the third quarter. First Trust Advisors LP now owns 828,895 shares of the technology company’s stock valued at $71,517,000 after purchasing an additional 723,257 shares during the period. Millennium Management LLC lifted its position in Twilio by 117.5% during the second quarter. Millennium Management LLC now owns 883,901 shares of the technology company’s stock valued at $49,516,000 after purchasing an additional 477,552 shares during the period. Wells Fargo & Company MN lifted its position in Twilio by 122.9% during the second quarter. Wells Fargo & Company MN now owns 670,664 shares of the technology company’s stock valued at $37,571,000 after purchasing an additional 369,791 shares during the period. Finally, Nomura Holdings Inc. lifted its position in Twilio by 2,308.0% during the second quarter. Nomura Holdings Inc. now owns 361,200 shares of the technology company’s stock valued at $20,234,000 after purchasing an additional 346,200 shares during the period. Hedge funds and other institutional investors own 57.29% of the company’s stock.
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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