Shares of Twilio Inc (NASDAQ:TWLO) traded down 1.7% during 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 analysts have recently commented on the stock. JMP Securities reiterated a “market perform” rating on shares of Twilio in a research report on Thursday, August 11th. William Blair reiterated an “outperform” rating on shares of Twilio in a research report on Thursday, August 11th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $37.00 price target (up from $33.00) on shares of Twilio in a research report on Thursday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “neutral” rating and a $39.00 price target on the stock. They noted that the move was a valuation call. Finally, Canaccord Genuity assumed coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “hold” rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.67.

The stock has a 50 day moving average price of $43.00 and a 200 day moving average price of $41.24. The stock’s market cap is $4.64 billion.

Twilio (NASDAQ:TWLO) last issued its quarterly earnings data 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 firm earned $64.50 million during the quarter, compared to the consensus estimate of $39.95 million. The company’s revenue was up 70.0% on a year-over-year basis. Equities research analysts forecast that Twilio Inc will post ($0.29) 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.

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.