Twilio Inc (NASDAQ:TWLO) traded down 2.6% on Friday . The stock traded as low as $40.80 and last traded at $41.07, with a volume of 4,390,709 shares trading hands. The stock had previously closed at $42.17.

Several equities research analysts have recently weighed in on the company. William Blair assumed coverage on Twilio in a research note on Monday, July 18th. They issued an “outperform” rating for the company. Canaccord Genuity assumed coverage on Twilio in a research note on Monday, July 18th. They issued a “hold” rating and a $40.00 price target for the company. Goldman Sachs Group Inc. assumed coverage on Twilio in a research note on Monday, July 18th. They set a “neutral” rating and a $33.00 target price for the company. They noted that the move was a valuation call. JMP Securities assumed coverage on Twilio in a research note on Monday, July 18th. They set a “market perform” rating for the company. Finally, Pacific Crest assumed coverage on Twilio in a research note on Monday, July 18th. They set a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $37.33.

The company’s 50 day moving average price is $37.40 and its 200 day moving average price is $37.40. The stock’s market capitalization is $718.83 million.

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.

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