Twilio Inc. (TWLO) Upgraded at Vetr Inc.
Vetr upgraded shares of Twilio Inc. (NYSE:TWLO) from a buy rating to a strong-buy rating in a report issued on Wednesday. The brokerage currently has $34.50 price target on the technology company’s stock.
Several other equities research analysts have also recently issued reports on the company. Robert W. Baird assumed coverage on Twilio in a report on Monday, July 10th. They issued an outperform rating and a $35.00 price objective on the stock. JMP Securities reiterated an outperform rating and issued a $37.00 price objective on shares of Twilio in a report on Monday, April 3rd. Zacks Investment Research upgraded Twilio from a sell rating to a buy rating and set a $36.00 price objective on the stock in a report on Friday, April 28th. William Blair reiterated an outperform rating on shares of Twilio in a report on Friday, March 17th. Finally, Canaccord Genuity reiterated a buy rating and issued a $33.00 price objective on shares of Twilio in a report on Wednesday, May 24th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Twilio has a consensus rating of Buy and an average price target of $36.08.
Twilio (TWLO) opened at 30.45 on Wednesday. The company’s 50-day moving average price is $25.96 and its 200-day moving average price is $28.94. Twilio has a 52 week low of $22.80 and a 52 week high of $70.96. The company’s market capitalization is $2.76 billion.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.14) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.14). Twilio had a negative return on equity of 14.26% and a negative net margin of 16.07%. The firm had revenue of $87.37 million during the quarter, compared to analyst estimates of $83.57 million. Equities analysts forecast that Twilio will post ($0.29) earnings per share for the current fiscal year.
In other news, Director Richard L. Dalzell sold 2,500 shares of Twilio stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $30.01, for a total transaction of $75,025.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Karyn Smith sold 5,399 shares of Twilio stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $31.80, for a total transaction of $171,688.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,176 shares of company stock worth $1,278,499.
Hedge funds have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC purchased a new stake in Twilio during the first quarter valued at approximately $2,178,000. Nepsis Capital Management Inc. raised its stake in Twilio by 16.2% in the second quarter. Nepsis Capital Management Inc. now owns 221,210 shares of the technology company’s stock valued at $6,439,000 after buying an additional 30,899 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its stake in Twilio by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 15,325 shares of the technology company’s stock valued at $442,000 after buying an additional 693 shares during the last quarter. 72.51% of the stock is currently owned by hedge funds and other institutional investors.
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
To view Vetr’s full report, visit Vetr’s official website.
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