Twilio Inc (NASDAQ:TWLO) was up 7.1% during mid-day trading on Monday . The company traded as high as $59.00 and last traded at $58.80, with a volume of 4,213,803 shares traded. The stock had previously closed at $54.88.

Several research firms have weighed in on TWLO. JPMorgan Chase & Co. began coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “neutral” rating and a $39.00 price objective for the company. They noted that the move was a valuation call. William Blair restated an “outperform” rating on shares of Twilio in a research report on Thursday, August 11th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $37.00 price objective (up previously from $33.00) on shares of Twilio in a research report on Thursday, August 11th. JMP Securities restated a “market perform” rating on shares of Twilio in a research report on Thursday, August 11th. Finally, Pacific Crest began coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.67.

The firm’s market cap is $4.98 billion. The stock’s 50-day moving average is $43.00 and its 200 day moving average is $41.24.

Twilio (NASDAQ:TWLO) last announced its earnings results on Monday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ 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. Twilio’s revenue was up 70.0% compared to the same quarter last year. On average, equities research 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.