Drexel Hamilton Reaffirms “Buy” Rating for Twilio (TWLO)
Drexel Hamilton reissued their buy rating on shares of Twilio (NYSE:TWLO) in a research report report published on Monday. They currently have a $47.00 price objective on the technology company’s stock.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Twilio from a hold rating to a sell rating in a report on Tuesday, November 14th. Northland Securities set a $36.00 target price on shares of Twilio and gave the company a buy rating in a report on Monday, November 13th. Robert W. Baird restated a buy rating and issued a $37.00 target price on shares of Twilio in a report on Friday, November 10th. BidaskClub lowered shares of Twilio from a buy rating to a hold rating in a report on Saturday, November 4th. Finally, JMP Securities reiterated an outperform rating and set a $38.00 price objective on shares of Twilio in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $36.78.
Twilio (NYSE:TWLO) opened at $24.80 on Monday. Twilio has a fifty-two week low of $22.80 and a fifty-two week high of $35.15.
Twilio (NYSE:TWLO) last released its earnings results on Wednesday, November 8th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.12. The business had revenue of $100.54 million for the quarter, compared to analyst estimates of $92.50 million. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.55%. Twilio’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. sell-side analysts forecast that Twilio will post -0.75 earnings per share for the current fiscal year.
In other news, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $25.83, for a total transaction of $134,651.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lee Kirkpatrick sold 13,829 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $30.85, for a total transaction of $426,624.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,347 shares of company stock valued at $1,416,011. 25.03% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of TWLO. FMR LLC increased its position in shares of Twilio by 19.8% during the second quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock worth $269,541,000 after acquiring an additional 1,528,512 shares in the last quarter. Coatue Management LLC increased its position in shares of Twilio by 329.4% during the second quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock worth $54,079,000 after acquiring an additional 1,425,085 shares in the last quarter. Foxhaven Asset Management LP grew its position in Twilio by 1,068.4% in the 2nd quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock worth $40,745,000 after purchasing an additional 1,279,896 shares in the last quarter. Hillman Co. bought a new stake in Twilio in the 3rd quarter worth about $28,288,000. Finally, Bank of New York Mellon Corp grew its position in Twilio by 26.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,854,787 shares of the technology company’s stock worth $112,213,000 after purchasing an additional 815,890 shares in the last quarter. 60.13% of the stock is owned by 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).
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