Twilio Inc. (TWLO) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Twilio Inc. (NYSE:TWLO) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Several other equities research analysts also recently commented on TWLO. JMP Securities reissued an outperform rating and set a $38.00 target price on shares of Twilio in a research report on Thursday, September 28th. Robert W. Baird reissued a buy rating and set a $39.00 target price on shares of Twilio in a research report on Wednesday, September 27th. KeyCorp reissued a hold rating on shares of Twilio in a research report on Wednesday, September 27th. William Blair reissued an outperform rating on shares of Twilio in a research report on Wednesday, September 27th. Finally, Drexel Hamilton reissued a buy rating and set a $47.00 target price on shares of Twilio in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $37.68.

Twilio (NYSE:TWLO) opened at 32.35 on Thursday. The stock’s 50 day moving average is $30.57 and its 200-day moving average is $30.57. The firm’s market capitalization is $2.97 billion. Twilio has a 1-year low of $22.80 and a 1-year high of $61.98.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.40%. The firm had revenue of $95.90 million during the quarter, compared to the consensus estimate of $86.28 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The business’s revenue was up 48.7% compared to the same quarter last year. Analysts forecast that Twilio will post ($0.22) EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/09/twilio-inc-twlo-upgraded-by-bidaskclub-to-buy.html.

In related news, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $31.23, for a total transaction of $162,801.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Lee Kirkpatrick sold 16,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $29.86, for a total transaction of $477,760.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,348 shares of company stock worth $1,873,873.

A number of institutional investors have recently added to or reduced their stakes in TWLO. Verition Fund Management LLC purchased a new position in Twilio in the second quarter valued at about $364,000. Ameritas Investment Partners Inc. purchased a new position in Twilio in the second quarter valued at about $159,000. California State Teachers Retirement System boosted its stake in Twilio by 182.6% in the second quarter. California State Teachers Retirement System now owns 110,200 shares of the technology company’s stock valued at $3,208,000 after acquiring an additional 71,200 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Twilio by 53.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,287 shares of the technology company’s stock valued at $678,000 after acquiring an additional 8,145 shares during the last quarter. Finally, Foxhaven Asset Management LP boosted its stake in Twilio by 1,068.4% in the second quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock valued at $40,745,000 after acquiring an additional 1,279,896 shares during the last quarter. Institutional investors and hedge funds own 58.11% of

Several other equities research analysts also recently commented on TWLO. JMP Securities reissued an outperform rating and set a $38.00 target price on shares of Twilio in a research report on Thursday, September 28th. Robert W. Baird reissued a buy rating and set a $39.00 target price on shares of Twilio in a research report on Wednesday, September 27th. KeyCorp reissued a hold rating on shares of Twilio in a research report on Wednesday, September 27th. William Blair reissued an outperform rating on shares of Twilio in a research report on Wednesday, September 27th. Finally, Drexel Hamilton reissued a buy rating and set a $47.00 target price on shares of Twilio in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $37.68.

Twilio (NYSE:TWLO) opened at 32.35 on Thursday. The stock’s 50 day moving average is $30.57 and its 200-day moving average is $30.57. The firm’s market capitalization is $2.97 billion. Twilio has a 1-year low of $22.80 and a 1-year high of $61.98.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.40%. The firm had revenue of $95.90 million during the quarter, compared to the consensus estimate of $86.28 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The business’s revenue was up 48.7% compared to the same quarter last year. Analysts forecast that Twilio will post ($0.22) EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://ledgergazette.com/2017/10/09/twilio-inc-twlo-upgraded-by-bidaskclub-to-buy.html.

In related news, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $31.23, for a total transaction of $162,801.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Lee Kirkpatrick sold 16,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $29.86, for a total transaction of $477,760.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,348 shares of company stock worth $1,873,873.

A number of institutional investors have recently added to or reduced their stakes in TWLO. Verition Fund Management LLC purchased a new position in Twilio in the second quarter valued at about $364,000. Ameritas Investment Partners Inc. purchased a new position in Twilio in the second quarter valued at about $159,000. California State Teachers Retirement System boosted its stake in Twilio by 182.6% in the second quarter. California State Teachers Retirement System now owns 110,200 shares of the technology company’s stock valued at $3,208,000 after acquiring an additional 71,200 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Twilio by 53.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,287 shares of the technology company’s stock valued at $678,000 after acquiring an additional 8,145 shares during the last quarter. Finally, Foxhaven Asset Management LP boosted its stake in Twilio by 1,068.4% in the second quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock valued at $40,745,000 after acquiring an additional 1,279,896 shares during the last quarter. Institutional investors and hedge funds own 58.11% of the company’s stock.

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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