Twilio (NYSE:TWLO)‘s stock had its “buy” rating reaffirmed by research analysts at Oppenheimer in a note issued to investors on Tuesday. They presently have a $38.00 price objective on the technology company’s stock. Oppenheimer’s target price points to a potential upside of 48.03% from the company’s previous close.
Several other equities analysts also recently issued reports on TWLO. Northland Securities reaffirmed a “buy” rating and set a $36.00 price objective on shares of Twilio in a report on Tuesday, September 12th. Drexel Hamilton reaffirmed a “buy” rating and set a $47.00 price objective on shares of Twilio in a report on Friday, September 22nd. BidaskClub raised shares of Twilio from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Robert W. Baird reaffirmed a “buy” rating and set a $39.00 price objective on shares of Twilio in a report on Wednesday, September 27th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $38.00 price objective on shares of Twilio in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.78.
Twilio (TWLO) traded down $0.02 during mid-day trading on Tuesday, reaching $25.67. 1,133,763 shares of the company traded hands, compared to its average volume of 1,787,350. The firm has a market capitalization of $2,400.00 and a price-to-earnings ratio of -35.16. Twilio has a 52 week low of $22.80 and a 52 week high of $34.95.
Twilio (NYSE:TWLO) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. The company had revenue of $100.54 million for the quarter, compared to analyst estimates of $92.50 million. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.55%. The firm’s revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) earnings per share. analysts predict that Twilio will post -0.75 EPS for the current fiscal year.
In other Twilio news, General Counsel Karyn Smith sold 5,213 shares of Twilio stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $25.50, for a total transaction of $132,931.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Lee Kirkpatrick sold 7,000 shares of Twilio stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $25.38, for a total transaction of $177,660.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,348 shares of company stock worth $1,233,298. Insiders own 25.03% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Teachers Advisors LLC raised its stake in Twilio by 708.2% during the second quarter. Teachers Advisors LLC now owns 177,249 shares of the technology company’s stock worth $5,160,000 after purchasing an additional 155,319 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Twilio by 53.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,287 shares of the technology company’s stock valued at $678,000 after acquiring an additional 8,145 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Twilio during the second quarter valued at about $1,592,000. Pier Capital LLC acquired a new stake in shares of Twilio during the second quarter valued at about $5,829,000. Finally, Allianz Asset Management GmbH increased its position in shares of Twilio by 37.2% during the third quarter. Allianz Asset Management GmbH now owns 1,367,745 shares of the technology company’s stock valued at $40,827,000 after acquiring an additional 371,055 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.
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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