Twilio Inc (TWLO) Shares Up 9.7%
Twilio Inc (NASDAQ:TWLO) shot up 9.7% during mid-day trading on Thursday . The stock traded as high as $48.78 and last traded at $47.85, with a volume of 4,623,887 shares changing hands. The stock had previously closed at $43.63.
Several brokerages recently issued reports on TWLO. Pacific Crest began coverage on shares of Twilio in a report on Monday, July 18th. They set a “sector weight” rating on the stock. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $37.00 target price (up from $33.00) on shares of Twilio in a report on Thursday. William Blair reissued an “outperform” rating on shares of Twilio in a report on Thursday. JMP Securities started coverage on shares of Twilio in a report on Monday, July 18th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Twilio in a report on Monday, July 18th. They set a “neutral” rating and a $39.00 target price on the stock. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.67.
The firm has a 50 day moving average price of $39.31 and a 200-day moving average price of $39.02. The firm’s market cap is $1.29 billion.
Twilio (NASDAQ:TWLO) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The business had revenue of $64.50 million for the quarter, compared to analysts’ expectations of $39.95 million. The firm’s revenue was up 70.0% compared to the same quarter last year. On average, equities research analysts predict that Twilio Inc will post ($0.33) earnings per share for the current fiscal 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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