Twilio Inc. (TWLO) Rating Reiterated by KeyCorp
Twilio Inc. (NYSE:TWLO)‘s stock had its “hold” rating restated by stock analysts at KeyCorp in a report issued on Tuesday.
A number of other research firms also recently issued reports on TWLO. Robert W. Baird increased their price objective on Twilio from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Argus reiterated a “hold” rating on shares of Twilio in a report on Friday, August 18th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $38.00 price objective on shares of Twilio in a report on Monday. Northland Securities reiterated a “buy” rating and issued a $36.00 price objective on shares of Twilio in a report on Tuesday, September 12th. Finally, Zacks Investment Research downgraded Twilio from a “buy” rating to a “hold” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.50.
Twilio (NYSE:TWLO) traded down 0.03% during mid-day trading on Tuesday, hitting $31.13. 275,749 shares of the stock traded hands. The company has a 50-day moving average of $30.76 and a 200 day moving average of $30.62. The firm’s market capitalization is $2.86 billion. Twilio has a 1-year low of $25.98 and a 1-year high of $70.96.
Twilio (NYSE:TWLO) last announced its earnings results on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, meeting analysts’ consensus estimates of ($0.20). The company had revenue of $95.90 million during the quarter, compared to the consensus estimate of $86.28 million. Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) earnings per share. On average, equities research analysts anticipate that Twilio will post ($0.22) EPS for the current year.
In related news, CFO Lee Kirkpatrick sold 16,000 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $29.86, for a total transaction of $477,760.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 2,500 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $30.01, for a total value of $75,025.00. The disclosure for this sale can be found here. Insiders have sold 42,306 shares of company stock worth $1,284,446 over the last ninety days.
Several institutional investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. boosted its position in Twilio by 0.7% in the second quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after purchasing an additional 34 shares during the last quarter. Pacer Advisors Inc. boosted its position in Twilio by 12.1% in the second quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after purchasing an additional 555 shares during the last quarter. IFP Advisors Inc boosted its position in 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 purchasing an additional 469 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Twilio in the second quarter worth about $159,000. Finally, US Bancorp DE boosted its position in 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 purchasing an additional 3,878 shares during the last quarter. 84.25% of the stock is currently owned by institutional investors.
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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