Twilio Inc (TWLO) Sees Large Volume Increase
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.
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