Vetr upgraded shares of Twilio Inc (NYSE:TWLO) from a buy rating to a strong-buy rating in a research note released on Wednesday, July 12th. Vetr currently has $34.50 price objective on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Drexel Hamilton reissued a buy rating and issued a $50.00 price target on shares of Twilio in a research note on Tuesday, May 2nd. Zacks Investment Research raised Twilio from a sell rating to a buy rating and set a $36.00 price target on the stock in a research note on Friday, April 28th. Summit Redstone lowered their target price on Twilio from $36.00 to $28.00 and set a buy rating on the stock in a research note on Wednesday, May 3rd. Canaccord Genuity lowered their target price on Twilio from $40.00 to $33.00 and set a buy rating on the stock in a research note on Thursday, May 4th. Finally, Summit Research lowered their target price on Twilio from $36.00 to $28.00 and set a buy rating on the stock in a research note on Thursday, May 4th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $35.97.

Shares of Twilio (NYSE TWLO) opened at 30.53 on Wednesday. The firm’s market cap is $2.76 billion. Twilio has a 1-year low of $22.80 and a 1-year high of $70.96. The stock has a 50 day moving average of $29.13 and a 200-day moving average of $29.02.

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In other news, General Counsel Karyn Smith sold 5,381 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $31.40, for a total transaction of $168,963.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeff Lawson acquired 100,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average price of $23.43 per share, for a total transaction of $2,343,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 45,870 shares of company stock valued at $1,296,550.

Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in shares of Twilio by 10.0% in the second quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after buying an additional 469 shares during the period. Perigon Wealth Management LLC boosted its stake in shares of Twilio by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 15,325 shares of the technology company’s stock worth $442,000 after buying an additional 693 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Twilio by 22.5% in the second quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the technology company’s stock worth $318,000 after buying an additional 2,005 shares during the period. US Bancorp DE boosted its stake in shares of Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after buying an additional 3,878 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Twilio by 204.0% in the second quarter. Great West Life Assurance Co. Can now owns 7,297 shares of the technology company’s stock worth $212,000 after buying an additional 4,897 shares during the period. Institutional investors and hedge funds own 73.97% of the company’s stock.

Twilio Company Profile

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).

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Twilio (NYSE:TWLO)

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