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.

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