Twilio Inc (NASDAQ:TWLO)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Oppenheimer Holdings Inc. in a note issued to investors on Friday. They currently have a $50.00 price target on the stock. Oppenheimer Holdings Inc.’s price objective would indicate a potential upside of 59.29% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. William Blair reiterated a “buy” rating on shares of Twilio in a research report on Friday, November 4th. Pacific Crest reiterated a “hold” rating on shares of Twilio in a research report on Friday, November 4th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $39.00 price target on shares of Twilio in a research report on Friday, November 4th. JMP Securities reiterated a “hold” rating on shares of Twilio in a research report on Friday, November 4th. Finally, Goldman Sachs Group Inc. reiterated a “hold” rating and issued a $37.00 price target (down from $39.00) on shares of Twilio in a research report on Friday, November 4th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $42.00.

Analyst Recommendations for Twilio (NASDAQ:TWLO)

Twilio (NASDAQ:TWLO) opened at 31.39 on Friday. The company has a 50-day moving average of $46.21 and a 200-day moving average of $46.64. The stock’s market cap is $2.73 billion. Twilio has a 12 month low of $23.66 and a 12 month high of $70.96.

Twilio (NASDAQ:TWLO) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. The firm earned $715.50 million during the quarter, compared to the consensus estimate of $64.51 million. The company’s quarterly revenue was up 61.4% compared to the same quarter last year. On average, equities analysts forecast that Twilio will post ($0.23) EPS for the current fiscal year.

In other Twilio news, major shareholder Bessemer Venture Partners Vii sold 3,084,651 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $38.60, for a total transaction of $119,067,528.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott Campbell Raney sold 503,496 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $38.60, for a total transaction of $19,434,945.60. The disclosure for this sale can be found here.

A number of institutional investors have recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. acquired a new position in Twilio during the second quarter valued at approximately $1,824,000. Marcus Capital LLC acquired a new position in Twilio during the second quarter valued at approximately $1,141,000. Artemis Investment Management LLP acquired a new position in Twilio during the second quarter valued at approximately $5,084,000. Kornitzer Capital Management Inc. KS acquired a new position in Twilio during the second quarter valued at approximately $2,549,000. Finally, TD Asset Management Inc. acquired a new position in Twilio during the second quarter valued at approximately $737,000.

About Twilio

Twilio Inc offers Cloud Communications Platforms. The Company enables developers to build, scale and operate real-time communications within software applications. It Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications via its Application Programming Interfaces.

5 Day Chart for NASDAQ:TWLO

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