Twilio Inc (NASDAQ:TWLO) shares hit a new 52-week high during trading on Monday . The stock traded as high as $62.39 and last traded at $61.49, with a volume of 9,351,879 shares traded. The stock had previously closed at $53.29.

Several brokerages have recently commented on TWLO. Pacific Crest began coverage on Twilio in a report on Monday, July 18th. They issued a “sector weight” rating on the stock. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $37.00 target price (up from $33.00) on shares of Twilio in a report on Thursday, August 11th. William Blair reissued an “outperform” rating on shares of Twilio in a report on Thursday, August 11th. JMP Securities began coverage on Twilio in a report on Monday, July 18th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. began coverage on Twilio in a report on Monday, July 18th. They issued 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 issued a buy rating to the company. Twilio has a consensus rating of “Hold” and an average price target of $38.67.

The company’s market capitalization is $5.02 billion. The firm has a 50-day moving average of $41.15 and a 200-day moving average of $40.07.

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 earned $64.50 million during the quarter, compared to the consensus estimate of $39.95 million. Twilio’s quarterly revenue was up 70.0% on a year-over-year basis. On average, equities analysts expect that Twilio Inc will post ($0.29) 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.