Twilio Inc. (TWLO) Posts Earnings Results, Meets Expectations
Twilio Inc. (NYSE:TWLO) announced its quarterly earnings results on Monday. The technology company reported ($0.20) EPS for the quarter, hitting analysts’ consensus estimates of ($0.20), Morningstar.com reports. Twilio had a negative net margin of 16.07% and a negative return on equity of 14.26%. The firm had revenue of $95.90 million during the quarter, compared to analyst estimates of $86.28 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter was up 48.7% on a year-over-year basis. Twilio updated its Q3 guidance to ($0.07-0.08) EPS and its FY17 guidance to ($0.24-0.22) EPS.
Twilio (NYSE TWLO) traded up 9.27% during midday trading on Tuesday, reaching $33.36. 4,863,616 shares of the company were exchanged. Twilio has a 52 week low of $22.80 and a 52 week high of $70.96. The firm’s 50 day moving average price is $29.13 and its 200-day moving average price is $29.02. The stock’s market capitalization is $3.02 billion. Twilio also was the recipient of some unusual options trading activity on Monday. Stock investors purchased 10,933 put options on the stock. This represents an increase of 795% compared to the typical daily volume of 1,222 put options.
Several analysts recently issued reports on the stock. Vetr upgraded shares of Twilio from a “buy” rating to a “strong-buy” rating and set a $34.50 target price for the company in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $38.00 target price (down from $50.00) on shares of Twilio in a research report on Thursday, May 4th. Northland Securities restated an “outperform” rating and set a $30.00 target price on shares of Twilio in a research report on Sunday, May 28th. JMP Securities restated an “outperform” rating and set a $35.00 target price (up from $33.00) on shares of Twilio in a research report on Tuesday, June 20th. Finally, Robert W. Baird boosted their target price on shares of Twilio from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Twilio has a consensus rating of “Buy” and a consensus price target of $37.36.
In related news, Director Richard L. Dalzell sold 2,500 shares of the business’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $30.01, for a total value of $75,025.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeff Lawson acquired 100,000 shares of Twilio stock in a transaction that occurred on Wednesday, May 10th. The stock was bought at an average price of $23.43 per share, for a total transaction of $2,343,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 45,870 shares of company stock worth $1,296,550.
A number of institutional investors have recently added to or reduced their stakes in TWLO. IFP Advisors Inc increased its position in Twilio by 10.0% in the second quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock valued at $151,000 after buying an additional 469 shares in the last quarter. Perigon Wealth Management LLC increased its position in Twilio by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 15,325 shares of the technology company’s stock valued at $442,000 after buying an additional 693 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Twilio by 22.5% in the second quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the technology company’s stock valued at $318,000 after buying an additional 2,005 shares in the last quarter. US Bancorp DE increased its position in Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock valued at $170,000 after buying an additional 3,878 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Twilio by 204.0% in the second quarter. Great West Life Assurance Co. Can now owns 7,297 shares of the technology company’s stock valued at $212,000 after buying an additional 4,897 shares in the last quarter. 73.97% of the stock is owned by institutional investors.
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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