Twilio Inc. (NYSE:TWLO) – Analysts at KeyCorp increased their FY2017 EPS estimates for shares of Twilio in a report released on Tuesday. KeyCorp analyst B. Bracelin now expects that the technology company will post earnings of ($0.74) per share for the year, up from their prior estimate of ($0.75). KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Twilio’s Q4 2017 earnings at ($0.17) EPS, Q1 2018 earnings at ($0.18) EPS, Q2 2018 earnings at ($0.19) EPS, Q3 2018 earnings at ($0.16) EPS, Q4 2018 earnings at ($0.15) EPS and FY2018 earnings at ($0.66) EPS.

A number of other brokerages also recently issued reports on TWLO. Northland Securities restated a “buy” rating and issued a $36.00 price objective on shares of Twilio in a research note on Friday, October 13th. BidaskClub upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Oppenheimer restated a “buy” rating and issued a $38.00 price objective on shares of Twilio in a research note on Monday, September 18th. Robert W. Baird restated an “outperform” rating and issued a $39.00 price objective on shares of Twilio in a research note on Thursday, September 21st. Finally, Drexel Hamilton restated a “buy” rating and issued a $47.00 price objective on shares of Twilio in a research note on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $36.78.

Twilio (NYSE TWLO) opened at $24.80 on Friday. Twilio has a 12 month low of $22.80 and a 12 month high of $35.15.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its holdings in Twilio by 22.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 13,340 shares of the technology company’s stock worth $398,000 after purchasing an additional 2,410 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Twilio by 73.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,746 shares of the technology company’s stock worth $262,000 after purchasing an additional 3,700 shares in the last quarter. AlphaStar Capital Management LLC purchased a new stake in Twilio during the 3rd quarter worth about $276,000. Cubist Systematic Strategies LLC lifted its holdings in Twilio by 432.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 31,818 shares of the technology company’s stock worth $950,000 after purchasing an additional 25,838 shares in the last quarter. Finally, Granahan Investment Management Inc. MA lifted its holdings in Twilio by 17.7% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 69,587 shares of the technology company’s stock worth $2,077,000 after purchasing an additional 10,463 shares in the last quarter. 60.13% of the stock is currently owned by institutional investors and hedge funds.

In related news, General Counsel Karyn Smith sold 5,213 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Lee Kirkpatrick sold 7,000 shares of the stock in a transaction dated 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 have sold a total of 47,347 shares of company stock valued at $1,416,011 in the last quarter. 25.03% of the stock is owned by corporate insiders.

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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).

Earnings History and Estimates for Twilio (NYSE:TWLO)

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