Twilio Inc (NASDAQ:TWLO) shares saw unusually-high trading volume on Friday . Approximately 5,643,806 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 3,489,431 shares.The stock last traded at $51.75 and had previously closed at $48.71.

TWLO has been the subject of a number of research reports. Pacific Crest initiated coverage on Twilio in a research report on Monday, July 18th. They issued a “sector weight” rating for the company. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $37.00 price target (up previously from $33.00) on shares of Twilio in a report on Thursday. William Blair reissued an “outperform” rating on shares of Twilio in a report on Thursday. JMP Securities initiated coverage on Twilio in a report on Monday, July 18th. They issued a “market perform” rating for the company. 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 target for the company. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.67.

The stock’s 50-day moving average price is $39.31 and its 200 day moving average price is $39.02. The stock’s market capitalization is $4.51 billion.

Twilio (NASDAQ:TWLO) last issued its quarterly earnings data 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 company earned $64.50 million during the quarter, compared to the consensus estimate of $39.95 million. Twilio’s revenue for the quarter was up 70.0% on a year-over-year basis. On average, equities research analysts predict that Twilio Inc will post ($0.33) 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.

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's FREE daily email newsletter.