Northland Securities Analysts Give Twilio Inc. (TWLO) a $36.00 Price Target
Northland Securities set a $36.00 target price on Twilio Inc. (NYSE:TWLO) in a research report report published on Monday morning. The firm currently has a buy rating on the technology company’s stock.
Several other brokerages also recently commented on TWLO. Drexel Hamilton reaffirmed a buy rating and issued a $47.00 price target (up from $44.00) on shares of Twilio in a research report on Wednesday, August 9th. J P Morgan Chase & Co lifted their price target on Twilio from $33.00 to $40.00 and gave the stock an overweight rating in a research report on Tuesday, August 8th. BidaskClub raised Twilio from a hold rating to a buy rating in a research report on Thursday, October 5th. Robert W. Baird reaffirmed a buy rating and issued a $37.00 price target on shares of Twilio in a research report on Friday, November 10th. Finally, William Blair reaffirmed an outperform rating on shares of Twilio in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $36.78.
Twilio (NYSE TWLO) traded up $0.82 on Monday, reaching $26.11. The company had a trading volume of 1,811,200 shares, compared to its average volume of 2,800,786. Twilio has a 12-month low of $22.80 and a 12-month high of $38.88.
Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. The company had revenue of $100.54 million for the quarter, compared to the consensus estimate of $92.50 million. Twilio had a negative return on equity of 17.55% and a negative net margin of 15.69%. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) EPS. analysts predict that Twilio will post -0.75 earnings per share for the current year.
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In other Twilio news, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $29.21, for a total value of $152,271.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Lee Kirkpatrick sold 10,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $32.17, for a total value of $321,700.00. The disclosure for this sale can be found here. Insiders sold 40,347 shares of company stock worth $1,255,971 over the last quarter.
A number of institutional investors have recently bought and sold shares of TWLO. US Bancorp DE boosted its stake in Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after purchasing an additional 3,878 shares in the last quarter. Pacific Heights Asset Management LLC acquired a new position in Twilio in the second quarter worth $7,860,000. Carl Domino Inc acquired a new position in Twilio in the second quarter worth $233,000. Moloney Securities Asset Management LLC acquired a new position in Twilio in the second quarter worth $393,000. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in Twilio by 487.4% in 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 purchasing an additional 885,206 shares in the last quarter. 57.79% of the stock is currently owned by institutional investors.
Twilio Company Profile
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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