Twilio Inc (NASDAQ:TWLO)’s share price was up 4.4% during mid-day trading on Thursday . The stock traded as high as $56.34 and last traded at $55.98, with a volume of 3,424,342 shares traded. The stock had previously closed at $53.62.

Several equities analysts have recently issued reports on TWLO shares. Pacific Crest started coverage on shares of Twilio in a research note on Monday, July 18th. They issued a “sector weight” rating on the stock. William Blair started coverage on shares of Twilio in a report on Monday, July 18th. They issued an “outperform” rating for the company. Canaccord Genuity started coverage on shares of Twilio in a report on Monday, July 18th. They issued a “hold” rating and a $40.00 target price for the company. JMP Securities started coverage on shares of Twilio in a report on Monday, July 18th. They issued a “market perform” rating for the company. Finally, Goldman Sachs Group Inc. started coverage on shares of Twilio in a report on Monday, July 18th. They issued a “neutral” rating and a $33.00 target price 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 given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $38.75.

The stock’s market capitalization is $4.87 billion. The firm has a 50 day moving average of $47.35 and a 200 day moving average of $43.62.

Twilio (NASDAQ:TWLO) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. The firm had revenue of $64.50 million for the quarter, compared to the consensus estimate of $39.95 million. The company’s revenue for the quarter was up 70.0% on a year-over-year basis. Equities analysts anticipate 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.

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