Twilio Inc (NYSE:TWLO) has been assigned an average recommendation of “Buy” from the twenty-six analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $135.61.
A number of analysts recently commented on TWLO shares. Canaccord Genuity decreased their price objective on shares of Twilio from $155.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. KeyCorp boosted their price objective on shares of Twilio from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Needham & Company LLC decreased their price objective on shares of Twilio to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Morgan Stanley raised shares of Twilio from an “equal” rating to a “weight” rating and boosted their price objective for the stock from $130.00 to $135.00 in a report on Thursday, September 19th. Finally, Oppenheimer decreased their price objective on shares of Twilio from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, October 11th.
Shares of Twilio stock traded up $1.34 on Thursday, reaching $103.00. 2,495,444 shares of the stock were exchanged, compared to its average volume of 4,160,443. Twilio has a 1-year low of $71.56 and a 1-year high of $151.00. The company has a current ratio of 9.57, a quick ratio of 9.57 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average price of $104.36 and a two-hundred day moving average price of $125.71. The firm has a market capitalization of $13.65 billion, a PE ratio of -128.75 and a beta of 1.14.
Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $295.00 million for the quarter, compared to analyst estimates of $287.96 million. Twilio had a negative net margin of 26.20% and a negative return on equity of 6.02%. The business’s revenue was up 74.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. Research analysts expect that Twilio will post -1.5 EPS for the current year.
In other Twilio news, COO George Hu sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $132.93, for a total value of $132,930.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeff Lawson sold 35,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $112.00, for a total transaction of $3,920,000.00. The disclosure for this sale can be found here. Insiders sold 117,919 shares of company stock worth $13,155,160 in the last ninety days. Insiders own 10.85% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jennison Associates LLC lifted its stake in shares of Twilio by 264.4% during the second quarter. Jennison Associates LLC now owns 3,482,690 shares of the technology company’s stock valued at $474,865,000 after buying an additional 2,526,830 shares during the period. NEXT Financial Group Inc lifted its stake in shares of Twilio by 335.5% during the second quarter. NEXT Financial Group Inc now owns 5,923 shares of the technology company’s stock valued at $808,000 after buying an additional 4,563 shares during the period. Biondo Investment Advisors LLC lifted its stake in shares of Twilio by 0.6% during the second quarter. Biondo Investment Advisors LLC now owns 22,795 shares of the technology company’s stock valued at $3,108,000 after buying an additional 135 shares during the period. Mn Services Vermogensbeheer B.V. purchased a new position in shares of Twilio during the second quarter valued at approximately $7,949,000. Finally, LPL Financial LLC lifted its stake in shares of Twilio by 17.1% during the second quarter. LPL Financial LLC now owns 46,795 shares of the technology company’s stock valued at $6,380,000 after buying an additional 6,819 shares during the period. 75.99% of the stock is currently owned by institutional investors.
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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