Twilio (TWLO) Shares Gap Up After Analyst Upgrade
Twilio Inc (NYSE:TWLO) shares gapped up before the market opened on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $40.00 to $42.00. The stock had previously closed at $23.79, but opened at $26.44. JPMorgan Chase & Co. currently has an overweight rating on the stock. Twilio shares last traded at $30.72, with a volume of 13294794 shares.
Several other research analysts also recently issued reports on TWLO. Zacks Investment Research upgraded shares of Twilio from a “sell” rating to a “hold” rating in a report on Saturday. KeyCorp reiterated a “hold” rating on shares of Twilio in a report on Tuesday, December 5th. Drexel Hamilton reiterated a “buy” rating and set a $47.00 price target on shares of Twilio in a report on Monday, December 4th. BidaskClub downgraded shares of Twilio from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $38.00 price target on shares of Twilio in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $36.75.
In other Twilio news, General Counsel Karyn Smith sold 5,213 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $25.50, for a total transaction of $132,931.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lee Kirkpatrick sold 10,830 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $25.28, for a total value of $273,782.40. The disclosure for this sale can be found here. Insiders sold 33,222 shares of company stock valued at $850,128 over the last 90 days. 25.03% of the stock is currently owned by company insiders.
The stock has a market capitalization of $2,399.22, a price-to-earnings ratio of -48.00 and a beta of 2.62.
ILLEGAL ACTIVITY NOTICE: “Twilio (TWLO) Shares Gap Up After Analyst Upgrade” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2018/02/14/twilio-twlo-shares-gap-up-after-analyst-upgrade.html.
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).
Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.