Twilio Inc. (NYSE:TWLO)‘s stock had its “buy” rating reiterated by research analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They presently have a $37.00 target price on the technology company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 44.81% from the stock’s previous close.

A number of other brokerages have also recently issued reports on TWLO. JMP Securities reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Twilio in a report on Thursday, September 28th. KeyCorp reaffirmed a “hold” rating on shares of Twilio in a report on Wednesday, September 27th. Argus reaffirmed a “hold” rating on shares of Twilio in a report on Friday, August 18th. BidaskClub cut shares of Twilio from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Zacks Investment Research cut shares of Twilio from a “buy” rating to a “hold” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $36.78.

Shares of Twilio (NYSE:TWLO) opened at $25.55 on Friday. Twilio has a 52-week low of $22.80 and a 52-week high of $38.88.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.12. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.72%. The firm had revenue of $100.54 million for the quarter, compared to analysts’ expectations of $92.50 million. During the same period in the previous year, the firm posted ($0.04) EPS. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. equities analysts anticipate that Twilio will post -0.23 earnings per share for the current year.

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In related news, General Counsel Karyn Smith sold 5,381 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $31.48, for a total value of $169,393.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Lee Kirkpatrick sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $31.17, for a total transaction of $311,700.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,847 shares of company stock worth $1,645,621.

A number of institutional investors and hedge funds have recently made changes to their positions in TWLO. FMR LLC grew its stake in Twilio by 19.8% in the 2nd quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock valued at $269,541,000 after buying an additional 1,528,512 shares during the last quarter. Coatue Management LLC grew its position in shares of Twilio by 329.4% during the 2nd quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock worth $54,079,000 after purchasing an additional 1,425,085 shares in the last quarter. Foxhaven Asset Management LP grew its position in shares of Twilio by 1,068.4% during the 2nd quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock worth $40,745,000 after purchasing an additional 1,279,896 shares in the last quarter. Hillman Co. acquired a new position in shares of Twilio during the 3rd quarter worth approximately $28,288,000. Finally, Sumitomo Mitsui Asset Management Company LTD grew its position in shares of Twilio by 487.4% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,066,806 shares of the technology company’s stock worth $31,054,000 after purchasing an additional 885,206 shares in the last quarter. Institutional investors and hedge funds own 57.59% 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).

Analyst Recommendations for Twilio (NYSE:TWLO)

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