Northland Securities Reiterates $36.00 Price Target for Twilio Inc. (TWLO)
Several other equities research analysts have also recently weighed in on TWLO. Summit Redstone restated a buy rating and set a $36.00 target price on shares of Twilio in a research note on Monday, July 17th. Zacks Investment Research upgraded Twilio from a hold rating to a buy rating and set a $34.00 target price for the company in a research note on Wednesday, July 19th. Mitsubishi UFJ Financial Group upgraded Twilio from a neutral rating to a buy rating and boosted their target price for the stock from $23.00 to $35.00 in a research note on Tuesday, August 8th. J P Morgan Chase & Co boosted their target price on Twilio from $33.00 to $40.00 and gave the stock an overweight rating in a research note on Tuesday, August 8th. Finally, Robert W. Baird boosted their target price on Twilio from $35.00 to $39.00 and gave the stock an outperform rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $36.78.
Shares of Twilio (NYSE:TWLO) opened at $25.29 on Monday. Twilio has a 52 week low of $22.80 and a 52 week high of $38.88.
Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, November 8th. The technology company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. The firm had revenue of $100.54 million during the quarter, compared to analysts’ expectations of $92.50 million. Twilio had a negative return on equity of 17.72% and a negative net margin of 15.69%. The firm’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) earnings per share. equities research analysts predict that Twilio will post -0.75 EPS for the current year.
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In other news, CFO Lee Kirkpatrick sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $32.17, for a total value of $321,700.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $31.23, for a total value of $162,801.99. The disclosure for this sale can be found here. In the last three months, insiders sold 40,347 shares of company stock worth $1,255,971.
Several large investors have recently added to or reduced their stakes in TWLO. FMR LLC increased its holdings in shares of Twilio by 19.8% in the second quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock valued at $269,541,000 after purchasing an additional 1,528,512 shares during the period. Coatue Management LLC increased its holdings in shares of Twilio by 329.4% in the second quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock valued at $54,079,000 after purchasing an additional 1,425,085 shares during the period. Foxhaven Asset Management LP increased its holdings in shares of Twilio by 1,068.4% in the second quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock valued at $40,745,000 after purchasing an additional 1,279,896 shares during the period. Hillman Co. acquired a new position in Twilio during the third quarter worth $28,288,000. Finally, Sumitomo Mitsui Asset Management Company LTD grew its holdings in Twilio by 487.4% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,066,806 shares of the technology company’s stock worth $31,054,000 after acquiring an additional 885,206 shares during the period. 57.79% of the stock is currently owned by institutional investors and hedge funds.
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).
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