Twilio (NYSE:TWLO)‘s stock had its “buy” rating reissued by equities research analysts at Robert W. Baird in a note issued to investors on Thursday.
Several other research firms have also recently commented on TWLO. Zacks Investment Research cut Twilio from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Citigroup upped their price target on Twilio to $43.00 and gave the company an “overweight” rating in a report on Tuesday. Oppenheimer reaffirmed a “buy” rating and issued a $38.00 price target on shares of Twilio in a report on Tuesday, January 2nd. Bank of America initiated coverage on Twilio in a report on Thursday, March 1st. They issued a “buy” rating and a $45.00 price target for the company. Finally, KeyCorp reaffirmed a “hold” rating on shares of Twilio in a report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $37.66.
Twilio (TWLO) opened at $40.79 on Thursday. The company has a market capitalization of $3,728.68, a P/E ratio of -59.12 and a beta of -0.11. Twilio has a twelve month low of $22.80 and a twelve month high of $41.94.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.01. The firm had revenue of $115.24 million during the quarter, compared to analysts’ expectations of $103.51 million. Twilio had a negative return on equity of 19.52% and a negative net margin of 15.97%. equities research analysts predict that Twilio will post -0.69 earnings per share for the current year.
In related news, CFO Lee Kirkpatrick sold 10,830 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $25.28, for a total transaction of $273,782.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard L. Dalzell sold 22,500 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $30.00, for a total value of $675,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,842 shares of company stock valued at $4,020,701. 25.03% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Delpha Capital Management LLC acquired a new stake in Twilio during the 4th quarter valued at $101,000. Cerebellum GP LLC acquired a new stake in Twilio during the 4th quarter valued at $117,000. SeaCrest Wealth Management LLC acquired a new stake in Twilio during the 4th quarter valued at $123,000. Public Employees Retirement Association of Colorado acquired a new stake in Twilio during the 4th quarter valued at $159,000. Finally, Pinnacle Associates Ltd. acquired a new stake in Twilio during the 4th quarter valued at $210,000. 61.43% of the stock is owned by hedge funds and other institutional investors.
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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).
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