Twilio Inc (TWLO) Stock Price Down 3.5%
Shares of Twilio Inc (NASDAQ:TWLO) dropped 3.5% during trading on Thursday . The stock 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.
TWLO has been the topic of several research analyst reports. Canaccord Genuity assumed coverage on shares of Twilio in a research note on Monday, July 18th. They issued a “hold” rating and a $40.00 price target on the stock. JMP Securities restated a “market perform” rating on shares of Twilio in a report on Thursday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of 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. William Blair assumed coverage on shares of Twilio in a report on Monday, July 18th. They issued an “outperform” rating on the stock. Finally, Goldman Sachs Group Inc. assumed coverage on shares of Twilio in a report on Monday, July 18th. They issued a “neutral” rating and a $33.00 target price on the stock. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Twilio has an average rating of “Hold” and an average price target of $38.75.
The stock’s market cap is $4.59 billion. The company’s 50-day moving average is $45.47 and its 200 day moving average is $42.72.
Twilio (NASDAQ:TWLO) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The firm had revenue of $64.50 million for the quarter, compared to analyst estimates of $39.95 million. The business’s revenue was up 70.0% compared to the same quarter last year. Analysts predict that Twilio Inc will post ($0.28) 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.