Twilio Inc (TWLO) Trading Down 1.7%
Shares of Twilio Inc (NASDAQ:TWLO) traded down 1.7% during trading on Thursday . The stock traded as low as $56.60 and last traded at $57.86, with a volume of 3,388,879 shares changing hands. The stock had previously closed at $58.86.
Several analysts have recently commented on the stock. JMP Securities reiterated a “market perform” rating on shares of Twilio in a research report on Thursday, August 11th. William Blair reiterated an “outperform” rating on shares of Twilio in a research report on Thursday, August 11th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $37.00 price target (up from $33.00) on shares of Twilio in a research report on Thursday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “neutral” rating and a $39.00 price target on the stock. They noted that the move was a valuation call. Finally, Canaccord Genuity assumed coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “hold” rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.67.
The stock has a 50 day moving average price of $43.00 and a 200 day moving average price of $41.24. The stock’s market cap is $4.64 billion.
Twilio (NASDAQ:TWLO) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The firm earned $64.50 million during the quarter, compared to the consensus estimate of $39.95 million. The company’s revenue was up 70.0% on a year-over-year basis. Equities research analysts forecast that Twilio Inc will post ($0.29) EPS 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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