Twilio Inc (TWLO) Trading 9.7% Higher
Twilio Inc (NASDAQ:TWLO)’s share price traded up 9.7% during trading on Thursday . The company traded as high as $48.78 and last traded at $47.85, with a volume of 4,623,887 shares traded. The stock had previously closed at $43.63.
A number of equities analysts have recently commented on the stock. William Blair assumed coverage on shares of Twilio in a research report on Monday, July 18th. They set an “outperform” rating on the stock. Canaccord Genuity assumed coverage on shares of Twilio in a report on Monday, July 18th. They set a “hold” rating and a $40.00 price objective on the stock. Goldman Sachs Group Inc. assumed coverage on shares of Twilio in a report on Monday, July 18th. They set a “neutral” rating and a $33.00 price objective on the stock. They noted that the move was a valuation call. JMP Securities assumed coverage on shares of Twilio in a report on Monday, July 18th. They set a “market perform” rating on the stock. Finally, Pacific Crest assumed coverage on shares of Twilio in a report on Monday, July 18th. They set a “sector weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.67.
The firm’s 50 day moving average is $38.32 and its 200 day moving average is $38.32. The stock’s market capitalization is $1.18 billion.
Twilio (NASDAQ:TWLO) last posted its earnings results on Monday, August 8th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.07. The firm earned $64.50 million during the quarter, compared to analyst estimates of $39.95 million. The company’s revenue for the quarter was up 70.0% on a year-over-year basis. Analysts anticipate that Twilio Inc will post ($0.33) EPS for the current year.
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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