Twilio Inc. (NYSE:TWLO) has been given a $36.00 price objective by Northland Securities in a research report issued on Monday. The brokerage currently has a “buy” rating on the technology company’s stock. Northland Securities’ price objective would indicate a potential upside of 40.90% from the company’s current price.
A number of other equities analysts have also weighed in on the stock. Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of Twilio in a research report on Friday. BidaskClub lowered shares of Twilio from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. JMP Securities restated an “outperform” rating and set a $38.00 target price on shares of Twilio in a research report on Thursday, September 28th. KeyCorp restated a “hold” rating on shares of Twilio in a research report on Wednesday, September 27th. Finally, William Blair restated an “outperform” rating on shares of Twilio in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $36.78.
Shares of Twilio (NYSE:TWLO) traded down $0.38 during midday trading on Monday, hitting $25.55. 3,418,400 shares of the stock were exchanged, compared to its average volume of 2,811,319. Twilio has a 1 year low of $22.80 and a 1 year high of $38.88.
Twilio (NYSE:TWLO) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.12. The firm had revenue of $100.54 million during the quarter, compared to analysts’ expectations of $92.50 million. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.72%. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) earnings per share. research analysts anticipate that Twilio will post -0.23 EPS for the current year.
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In other news, CFO Lee Kirkpatrick sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $31.17, for a total value of $311,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Karyn Smith sold 5,381 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $31.48, for a total transaction of $169,393.88. The disclosure for this sale can be found here. Insiders sold a total of 52,847 shares of company stock valued at $1,645,621 in the last 90 days.
Several institutional investors have recently added to or reduced their stakes in TWLO. Thompson Davis & CO. Inc. increased its stake in Twilio by 0.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after buying an additional 34 shares during the period. IFP Advisors Inc increased its stake in Twilio by 10.0% in the 2nd quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after buying an additional 469 shares during the period. Pacer Advisors Inc. increased its stake in Twilio by 12.1% in the 2nd quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after buying an additional 555 shares during the period. Marcus Capital LLC increased its stake in Twilio by 1.5% in the 2nd quarter. Marcus Capital LLC now owns 116,700 shares of the technology company’s stock worth $3,397,000 after buying an additional 1,700 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Twilio by 2.9% in the 3rd quarter. New York State Common Retirement Fund now owns 68,400 shares of the technology company’s stock worth $2,042,000 after buying an additional 1,900 shares during the period. Hedge funds and other institutional investors own 57.79% of the company’s stock.
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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