Twilio Inc (TWLO) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Twilio Inc (NASDAQ:TWLO) from a sell rating to a hold rating in a report published on Friday, April 21st.

According to Zacks, “Twilio Inc. provides Cloud Communications Platforms. The Company enables developers to build, scale and operate real-time communications within software applications. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities. The Super Network is the software layer which allows its customers’ software to communicate with connected devices globally. Twilio Inc. is based in SAN FRANCISCO, United States. “

Other equities research analysts also recently issued research reports about the company. Pacific Crest upgraded Twilio from a sector weight rating to an overweight rating and set a $36.00 price target on the stock in a research report on Thursday, January 5th. Northland Securities upgraded Twilio from a market perform rating to an outperform rating in a research report on Monday, March 6th. Mitsubishi UFJ Financial Group reiterated a neutral rating and issued a $32.50 price objective (up previously from $30.00) on shares of Twilio in a report on Thursday, February 9th. William Blair reissued an outperform rating on shares of Twilio in a research note on Monday, April 3rd. Finally, JMP Securities raised Twilio from a market perform rating to an outperform rating and set a $35.00 price objective on the stock in a research report on Wednesday, February 1st. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Twilio has an average rating of Buy and an average price target of $36.18.

Twilio (NASDAQ:TWLO) opened at 24.88 on Friday. Twilio has a 12-month low of $22.80 and a 12-month high of $70.96. The stock’s 50 day moving average price is $28.63 and its 200-day moving average price is $30.55. The firm’s market cap is $2.20 billion.

Twilio (NASDAQ:TWLO) last posted its quarterly earnings data on Tuesday, May 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.14). The business had revenue of $87.37 million for the quarter, compared to the consensus estimate of $83.57 million. Equities research analysts anticipate that Twilio will post ($0.29) earnings per share for the current fiscal year.

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In other news, General Counsel Karyn Smith sold 5,213 shares of the company’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $31.20, for a total transaction of $162,645.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Lee Kirkpatrick sold 12,757 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $30.96, for a total transaction of $394,956.72. Following the sale, the chief financial officer now owns 17,292 shares in the company, valued at $535,360.32. The disclosure for this sale can be found here. Insiders have sold a total of 33,369 shares of company stock valued at $1,033,491 in the last three months.

Several hedge funds have recently made changes to their positions in TWLO. Marcus Capital LLC boosted its stake in shares of Twilio by 5.1% in the third quarter. Marcus Capital LLC now owns 32,850 shares of the technology company’s stock valued at $2,114,000 after buying an additional 1,600 shares in the last quarter. FMR LLC boosted its stake in shares of Twilio by 290.5% in the fourth quarter. FMR LLC now owns 5,067,582 shares of the technology company’s stock valued at $146,200,000 after buying an additional 3,770,015 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Twilio during the fourth quarter valued at about $281,000. Spark Investment Management LLC acquired a new stake in shares of Twilio during the third quarter valued at about $5,322,000. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Twilio during the first quarter valued at about $5,242,000.

About Twilio

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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