Twilio Inc. (NYSE:TWLO)‘s stock had its “hold” rating restated by equities researchers at Argus in a report released on Friday.

A number of other brokerages have also recently commented on TWLO. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $38.00 price objective on shares of Twilio in a research note on Tuesday, May 2nd. Drexel Hamilton reaffirmed a “buy” rating and set a $50.00 price target on shares of Twilio in a research note on Tuesday, May 2nd. Summit Redstone dropped their price target on shares of Twilio from $36.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, May 3rd. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Wednesday, May 3rd. Finally, Vetr cut shares of Twilio from a “buy” rating to a “hold” rating and set a $34.70 price target for the company. in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Twilio presently has an average rating of “Buy” and an average target price of $37.25.

Twilio (NYSE:TWLO) traded down 1.35% on Friday, hitting $29.91. 1,409,815 shares of the stock were exchanged. The firm’s market cap is $2.75 billion. The company has a 50-day moving average of $30.16 and a 200 day moving average of $29.19. Twilio has a 12 month low of $22.80 and a 12 month high of $70.96.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, hitting analysts’ consensus estimates of ($0.20). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.40%. The business had revenue of $95.90 million during the quarter, compared to analysts’ expectations of $86.28 million. During the same period last year, the company posted ($0.08) EPS. The business’s revenue was up 48.7% on a year-over-year basis. Equities research analysts expect that Twilio will post ($0.23) earnings per share for the current fiscal year.

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In related news, CFO Lee Kirkpatrick sold 10,851 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $25.73, for a total transaction of $279,196.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $28.13, for a total transaction of $146,641.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,157 shares of company stock valued at $1,558,012.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. raised its position in Twilio by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock valued at $138,000 after buying an additional 34 shares during the period. Pacer Advisors Inc. raised its position in Twilio by 12.1% in the second quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock valued at $149,000 after buying an additional 555 shares during the period. IFP Advisors Inc raised 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 during the period. Ameritas Investment Partners Inc. purchased a new position in Twilio during the second quarter valued at approximately $159,000. Finally, US Bancorp DE raised 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 during the period. Hedge funds and other institutional investors own 77.32% 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).

Analyst Recommendations for Twilio (NYSE:TWLO)

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