Twilio (NYSE:TWLO)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a report issued on Wednesday. They presently have a $38.00 price objective on the technology company’s stock. Canaccord Genuity’s price target would indicate a potential upside of 57.87% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Robert W. Baird reiterated a “buy” rating and set a $37.00 price objective on shares of Twilio in a research note on Friday, November 10th. Oppenheimer reiterated a “buy” rating and set a $38.00 price objective on shares of Twilio in a research note on Monday, September 18th. Northland Securities set a $36.00 price objective on Twilio and gave the company a “buy” rating in a research note on Monday, November 13th. Zacks Investment Research cut Twilio from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Finally, William Blair reiterated an “outperform” rating on shares of Twilio in a research note on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $36.78.

Shares of Twilio (TWLO) traded down $0.92 during trading hours on Wednesday, reaching $24.07. The company’s stock had a trading volume of 4,788,500 shares, compared to its average volume of 2,758,849. Twilio has a 1-year low of $22.80 and a 1-year high of $35.15.

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

In other news, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $25.83, for a total value of $134,651.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Lee Kirkpatrick sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $25.38, for a total value of $177,660.00. The disclosure for this sale can be found here. Insiders sold 47,347 shares of company stock valued at $1,416,011 in the last 90 days. Company insiders own 25.03% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. raised its stake in shares of Twilio by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after purchasing an additional 34 shares during the last quarter. Pacer Advisors Inc. increased its position in Twilio by 12.1% during the second quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock valued at $149,000 after acquiring an additional 555 shares during the last quarter. IFP Advisors Inc increased its position in Twilio by 10.0% during the second quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock valued at $151,000 after acquiring an additional 469 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Twilio during the second quarter valued at $159,000. Finally, US Bancorp DE increased its position in Twilio by 199.1% during the second 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 last quarter. Hedge funds and other institutional investors own 60.13% of the company’s stock.

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About Twilio

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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