Twilio (NYSE:TWLO)‘s stock had its “buy” rating reaffirmed by analysts at Drexel Hamilton in a report issued on Monday. They presently have a $47.00 price target on the technology company’s stock. Drexel Hamilton’s price objective points to a potential upside of 86.80% from the company’s current price.

Several other brokerages also recently issued reports on TWLO. Canaccord Genuity upped their price target on shares of Twilio from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. William Blair reissued an “outperform” rating on shares of Twilio in a research note on Wednesday, September 27th. Northland Securities reissued a “buy” rating and issued a $36.00 price objective on shares of Twilio in a research note on Friday, October 13th. KeyCorp reissued a “hold” rating on shares of Twilio in a research note on Tuesday, September 19th. Finally, J P Morgan Chase & Co boosted their price objective on shares of Twilio from $33.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $36.78.

Twilio (NYSE TWLO) traded down $0.55 during midday trading on Monday, hitting $25.16. 1,129,241 shares of the stock were exchanged, compared to its average volume of 2,754,932. Twilio has a 52 week low of $22.80 and a 52 week high of $35.15.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.55%. The company had revenue of $100.54 million during the quarter, compared to the consensus estimate of $92.50 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. analysts predict that Twilio will post -0.75 EPS for the current year.

In related news, CFO Lee Kirkpatrick sold 13,829 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $30.85, for a total value of $426,624.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Karyn Smith sold 5,213 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $25.83, for a total transaction of $134,651.79. The disclosure for this sale can be found here. Insiders sold a total of 47,347 shares of company stock worth $1,416,011 in the last 90 days. 25.03% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Thompson Davis & CO. Inc. increased its stake in Twilio by 0.7% in the 2nd 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 last quarter. Pacer Advisors Inc. increased its stake in Twilio by 12.1% in the 2nd 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 last quarter. IFP Advisors Inc increased its stake in Twilio by 10.0% in the 2nd 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 last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Twilio during the 2nd quarter valued at approximately $159,000. Finally, US Bancorp DE grew its position in shares of Twilio by 199.1% during the 2nd quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock valued at $170,000 after acquiring an additional 3,878 shares during the period. Hedge funds and other institutional investors own 60.13% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Twilio (TWLO) Rating Reiterated by Drexel Hamilton” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/05/twilio-twlo-rating-reiterated-by-drexel-hamilton.html.

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)

Receive News & Ratings for Twilio Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio Inc. and related companies with MarketBeat.com's FREE daily email newsletter.