Twilio Inc (NYSE:TWLO) Given Average Rating of “Buy” by Brokerages
Twilio Inc (NYSE:TWLO) has been assigned a consensus recommendation of “Buy” from the twenty-five ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $139.36.
A number of equities research analysts have recently weighed in on TWLO shares. JPMorgan Chase & Co. dropped their target price on Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $175.00 price objective (up from $150.00) on shares of Twilio in a research report on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 price objective (up from $32.00) on shares of Kornit Digital in a research report on Tuesday, June 18th. Piper Jaffray Companies raised their price objective on DexCom to $173.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, FBN Securities started coverage on Twilio in a research report on Tuesday, April 9th. They issued an “outperform” rating and a $150.00 price objective for the company.
In other Twilio news, CEO Jeff Lawson sold 20,830 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $121.35, for a total transaction of $2,527,720.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Karyn Smith sold 24,491 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $138.56, for a total value of $3,393,472.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,725 shares of company stock worth $21,212,641. 10.85% of the stock is owned by corporate insiders.
TWLO stock traded down $2.11 during trading on Friday, hitting $142.15. The company had a trading volume of 2,886,500 shares, compared to its average volume of 4,197,762. The firm’s fifty day moving average is $138.28. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $18.06 billion, a P/E ratio of -177.69 and a beta of 1.17. Twilio has a fifty-two week low of $55.58 and a fifty-two week high of $151.00.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.40). The company had revenue of $233.00 million during the quarter, compared to analyst estimates of $223.45 million. Twilio had a negative net margin of 17.87% and a negative return on equity of 9.50%. Twilio’s quarterly revenue was up 80.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. As a group, analysts expect that Twilio will post -1.4 earnings per share for the current year.
Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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