Twilio (TWLO) Reaches New 1-Year High at $87.97

Shares of Twilio Inc (NYSE:TWLO) reached a new 52-week high on Tuesday . The stock traded as high as $87.97 and last traded at $87.03, with a volume of 97173 shares changing hands. The stock had previously closed at $83.76.

TWLO has been the topic of several recent analyst reports. Argus raised Twilio from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. They noted that the move was a valuation call. Rosenblatt Securities began coverage on Twilio in a report on Wednesday, June 27th. They set a “buy” rating and a $70.00 price objective on the stock. Bank of America raised their price objective on Twilio from $63.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Piper Jaffray Companies reissued a “buy” rating and set a $85.00 price objective on shares of Twilio in a report on Tuesday, August 7th. Finally, Northland Securities reissued a “buy” rating and set a $75.00 price objective on shares of Twilio in a report on Tuesday, August 7th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $72.36.

The firm has a market cap of $8.12 billion, a price-to-earnings ratio of -108.71 and a beta of 0.33. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 0.98.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Monday, August 6th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. The business had revenue of $147.80 million for the quarter, compared to analyst estimates of $130.39 million. During the same period last year, the company earned ($0.05) EPS. Twilio’s revenue for the quarter was up 54.1% compared to the same quarter last year. analysts anticipate that Twilio Inc will post -0.78 EPS for the current year.

In related news, General Counsel Karyn Smith sold 3,520 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $85.74, for a total transaction of $301,804.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO George Hu sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 13th. The stock was sold at an average price of $60.20, for a total value of $602,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,461 shares of company stock worth $15,065,489. 19.80% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC bought a new position in Twilio during the 2nd quarter worth approximately $112,000. Cerebellum GP LLC bought a new position in Twilio during the 2nd quarter worth approximately $161,000. Tower Research Capital LLC TRC bought a new position in Twilio during the 2nd quarter worth approximately $182,000. M Holdings Securities Inc. bought a new position in Twilio during the 2nd quarter worth approximately $209,000. Finally, Global X Management Co LLC bought a new position in Twilio during the 2nd quarter worth approximately $210,000. Institutional investors and hedge funds own 57.89% of the company’s stock.

About Twilio (NYSE:TWLO)

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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