Twilio Inc (NASDAQ:TWLO)’s share price fell 3.5% on Thursday . The company traded as low as $51.26 and last traded at $51.72, with a volume of 3,698,380 shares. The stock had previously closed at $53.60.

A number of research firms have weighed in on TWLO. Argus began coverage on Twilio in a research report on Thursday. They set a “hold” rating and a $39.00 price target for the company. They noted that the move was a valuation call. JMP Securities reaffirmed a “market perform” rating on shares of Twilio in a research report on Thursday, August 11th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Thursday, August 11th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $37.00 price objective (up previously from $33.00) on shares of Twilio in a report on Thursday, August 11th. Finally, JPMorgan Chase & Co. initiated coverage on Twilio in a 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $38.75.

The company’s market capitalization is $4.39 billion. The company’s 50 day moving average is $44.59 and its 200-day moving average is $42.25.

Twilio (NASDAQ:TWLO) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. The company had revenue of $64.50 million for the quarter, compared to the consensus estimate of $39.95 million. The business’s revenue for the quarter was up 70.0% compared to the same quarter last year. On average, analysts forecast 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.

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