Twilio (NYSE:TWLO) had its price target hoisted by Monness Crespi & Hardt from $85.00 to $108.00 in a report released on Wednesday, September 12th, Marketbeat.com reports. Monness Crespi & Hardt currently has a buy rating on the technology company’s stock.
Several other brokerages also recently commented on TWLO. Piper Jaffray Companies initiated coverage on Twilio in a report on Monday, June 25th. They set an overweight rating on the stock. Argus upgraded Twilio from a hold rating to a buy rating in a report on Thursday, June 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded Twilio from a sell rating to a hold rating in a report on Sunday, July 15th. JMP Securities lifted their price objective on Twilio from $76.00 to $86.00 and gave the stock an outperform rating in a report on Tuesday, September 4th. Finally, Rosenblatt Securities began coverage on Twilio in a report on Wednesday, June 27th. They set a buy rating and a $70.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $74.03.
Shares of Twilio stock traded down $1.47 during trading hours on Wednesday, reaching $76.62. The stock had a trading volume of 2,516,124 shares, compared to its average volume of 2,245,712. The company has a market cap of $8.41 billion, a price-to-earnings ratio of -98.23 and a beta of 0.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 7.20 and a quick ratio of 7.20. Twilio has a 1 year low of $23.25 and a 1 year high of $88.88.
Twilio (NYSE:TWLO) last announced its earnings results on Monday, August 6th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The business had revenue of $147.80 million for the quarter, compared to the consensus estimate of $130.39 million. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. The company’s revenue was up 54.1% on a year-over-year basis. During the same period last year, the business posted ($0.05) EPS. Research analysts anticipate that Twilio will post -0.78 EPS for the current year.
In other news, COO George Hu sold 22,889 shares of Twilio stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $74.75, for a total value of $1,710,952.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Karyn Smith sold 938 shares of Twilio stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $61.12, for a total value of $57,330.56. The disclosure for this sale can be found here. Insiders have sold a total of 214,261 shares of company stock worth $16,147,973 over the last 90 days. 19.80% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Twilio by 7.8% in the 1st quarter. BlackRock Inc. now owns 4,408,663 shares of the technology company’s stock worth $168,323,000 after acquiring an additional 317,128 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Twilio by 20.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,808,340 shares of the technology company’s stock valued at $69,042,000 after purchasing an additional 310,270 shares during the period. Whale Rock Capital Management LLC acquired a new position in Twilio during the 2nd quarter valued at approximately $64,266,000. Morgan Stanley boosted its position in Twilio by 5.3% during the 2nd quarter. Morgan Stanley now owns 947,604 shares of the technology company’s stock valued at $53,083,000 after purchasing an additional 47,775 shares during the period. Finally, Millennium Management LLC boosted its position in Twilio by 117.5% during the 2nd quarter. Millennium Management LLC now owns 883,901 shares of the technology company’s stock valued at $49,516,000 after purchasing an additional 477,552 shares during the period. Institutional investors own 57.90% of the company’s stock.
Twilio Company Profile
Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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