Twilio Inc (NASDAQ:TWLO) dropped 1.7% during mid-day trading on Thursday . The stock traded as low as $56.60 and last traded at $57.86, with a volume of 3,388,879 shares changing hands. The stock had previously closed at $58.86.

Several equities research analysts recently weighed in on TWLO shares. Pacific Crest started coverage on Twilio in a report on Monday, July 18th. They issued a “sector weight” rating for the company. William Blair started coverage on Twilio in a report on Monday, July 18th. They issued an “outperform” rating for the company. Canaccord Genuity started coverage on Twilio in a report on Monday, July 18th. They issued a “hold” rating and a $40.00 target price for the company. JMP Securities started coverage on Twilio in a report on Monday, July 18th. They issued a “market perform” rating for the company. Finally, Goldman Sachs Group Inc. started coverage on Twilio in a report on Monday, July 18th. They issued a “neutral” rating and a $33.00 target price for the company. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Twilio presently has an average rating of “Hold” and an average price target of $38.67.

The firm’s market cap is $4.60 billion. The company has a 50-day moving average of $41.98 and a 200 day moving average of $40.55.

Twilio (NASDAQ:TWLO) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.07. The business earned $64.50 million during the quarter, compared to the consensus estimate of $39.95 million. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. On average, analysts anticipate that Twilio Inc will post ($0.29) 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.

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.