Robert W. Baird reiterated their outperform rating on shares of Twilio Inc. (NYSE:TWLO) in a research report released on Thursday. They currently have a $39.00 price target on the technology company’s stock.
Several other brokerages have also recently weighed in on TWLO. Drexel Hamilton reiterated a buy rating and set a $47.00 price target (up from $44.00) on shares of Twilio in a research report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and set a $33.00 price target (up from $30.00) on shares of Twilio in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. reiterated a buy rating and set a $38.00 price target on shares of Twilio in a research report on Monday, September 18th. KeyCorp reiterated a hold rating on shares of Twilio in a research report on Tuesday, September 19th. Finally, Northland Securities reiterated a buy rating and set a $36.00 price target on shares of Twilio in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $37.50.
Twilio (TWLO) opened at 30.83 on Thursday. The company’s 50 day moving average price is $30.80 and its 200-day moving average price is $30.80. The company’s market capitalization is $2.83 billion. Twilio has a 52 week low of $25.98 and a 52 week high of $70.96.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). The company had revenue of $95.90 million during the quarter, compared to analysts’ expectations of $86.28 million. Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. Twilio’s quarterly revenue was up 48.7% on a year-over-year basis. During the same period last year, the business earned ($0.08) earnings per share. Equities research analysts expect that Twilio will post ($0.22) earnings per share for the current year.
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In other news, General Counsel Karyn Smith sold 5,213 shares of Twilio stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $31.23, for a total value of $162,801.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Lee Kirkpatrick sold 16,000 shares of Twilio stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $29.86, for a total value of $477,760.00. The disclosure for this sale can be found here. Insiders sold 61,348 shares of company stock valued at $1,873,873 over the last 90 days.
Several large investors have recently modified their holdings of TWLO. Perigon Wealth Management LLC boosted its stake in shares of Twilio by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 15,325 shares of the technology company’s stock worth $442,000 after acquiring an additional 693 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Twilio in the first quarter worth approximately $2,178,000. Nepsis Capital Management Inc. boosted its stake in shares of Twilio by 16.2% in the second quarter. Nepsis Capital Management Inc. now owns 221,210 shares of the technology company’s stock worth $6,439,000 after acquiring an additional 30,899 shares during the last quarter. US Bancorp DE boosted its stake in shares of Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after acquiring an additional 3,878 shares during the last quarter. Finally, Pacific Heights Asset Management LLC acquired a new stake in shares of Twilio in the second quarter worth approximately $7,860,000. 84.25% of the stock is currently owned by hedge funds and other institutional investors.
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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