Twilio Inc (TWLO) Sees Strong Trading Volume
Twilio Inc (NASDAQ:TWLO) saw unusually-high trading volume on Friday . Approximately 5,643,806 shares were traded during trading, an increase of 62% from the previous session’s volume of 3,489,431 shares.The stock last traded at $51.75 and had previously closed at $48.71.
TWLO has been the subject of several recent research reports. Pacific Crest initiated coverage on Twilio in a research report on Monday, July 18th. They set a “sector weight” rating for the company. William Blair initiated coverage on Twilio in a research report on Monday, July 18th. They set an “outperform” rating for the company. Canaccord Genuity initiated coverage on Twilio in a research report on Monday, July 18th. They set a “hold” rating and a $40.00 price objective for the company. JMP Securities initiated coverage on Twilio in a research report on Monday, July 18th. They set a “market perform” rating for the company. Finally, Goldman Sachs Group Inc. assumed coverage on Twilio in a research report on Monday, July 18th. They set a “neutral” rating and a $33.00 price objective for the company. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Twilio currently has an average rating of “Hold” and an average price target of $38.67.
The company’s market capitalization is $1.29 billion. The stock has a 50-day moving average of $38.61 and a 200-day moving average of $38.61.
Twilio (NASDAQ:TWLO) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The company had revenue of $64.50 million for the quarter, compared to analysts’ expectations of $39.95 million. The business’s revenue was up 70.0% on a year-over-year basis. On average, equities research analysts expect that Twilio Inc will post ($0.33) earnings per share 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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