Twilio Inc (TWLO) Receives Consensus Recommendation of “Buy” from Analysts
Twilio Inc (NYSE:TWLO) has been assigned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the firm. Five analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $35.70.
Several equities analysts recently issued reports on TWLO shares. Drexel Hamilton upped their target price on Twilio to $50.00 in a research report on Wednesday, February 8th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Twilio in a research report on Tuesday, February 14th. Vetr downgraded Twilio from a “strong-buy” rating to a “buy” rating and set a $38.45 price target on the stock. in a research report on Monday, February 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $40.00 price target on shares of Twilio in a research report on Wednesday, February 8th. Finally, Zacks Investment Research raised Twilio from a “sell” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Friday, April 28th.
Twilio (NYSE:TWLO) traded up 0.04% during mid-day trading on Friday, hitting $25.01. The company’s stock had a trading volume of 2,183,533 shares. Twilio has a 12-month low of $22.80 and a 12-month high of $70.96. The company’s market cap is $2.26 billion. The firm’s 50-day moving average is $27.79 and its 200-day moving average is $30.05. Twilio also was the recipient of some unusual options trading on Wednesday. Stock traders purchased 1,401 call options on the stock. This is an increase of 121% compared to the typical daily volume of 635 call options.
Twilio (NYSE:TWLO) last released its earnings results on Tuesday, May 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). The firm had revenue of $87.37 million during the quarter, compared to analyst estimates of $83.57 million. Analysts predict that Twilio will post ($0.29) EPS for the current fiscal year.
In other news, Director James Mcgeever purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average price of $23.19 per share, for a total transaction of $231,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Lee Kirkpatrick sold 12,757 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was 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 of the company’s stock, valued at approximately $535,360.32. The disclosure for this sale can be found here. Insiders have sold a total of 38,582 shares of company stock valued at $1,161,678 in the last 90 days.
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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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