Twilio Inc (NYSE:TWLO) Receives $135.35 Consensus Target Price from Analysts
Shares of Twilio Inc (NYSE:TWLO) have been assigned an average rating of “Buy” from the twenty-six brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $135.61.
A number of research analysts have recently issued reports on TWLO shares. Oppenheimer reduced their price target on shares of Twilio from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. KeyCorp increased their price objective on shares of Twilio from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Morgan Stanley raised shares of Twilio from an “equal” rating to a “weight” rating and increased their price objective for the stock from $130.00 to $135.00 in a report on Thursday, September 19th. DA Davidson dropped their price objective on shares of Twilio to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, ValuEngine raised shares of Twilio from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th.
In other news, General Counsel Karyn Smith sold 16,678 shares of Twilio stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $106.15, for a total value of $1,770,369.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO George Hu sold 1,000 shares of Twilio stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $132.93, for a total transaction of $132,930.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,919 shares of company stock worth $13,155,160. 10.85% of the stock is owned by corporate insiders.
Shares of Twilio stock traded up $1.34 during trading hours on Thursday, reaching $103.00. The company’s stock had a trading volume of 2,495,444 shares, compared to its average volume of 4,160,443. The company’s 50 day simple moving average is $104.36 and its 200 day simple moving average is $125.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 9.57 and a current ratio of 9.57. Twilio has a one year low of $71.56 and a one year high of $151.00. The stock has a market cap of $13.65 billion, a P/E ratio of -128.75 and a beta of 1.14.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. Twilio had a negative net margin of 26.20% and a negative return on equity of 6.02%. The company had revenue of $295.00 million for the quarter, compared to the consensus estimate of $287.96 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 74.6% on a year-over-year basis. On average, sell-side analysts predict that Twilio will post -1.5 earnings per share for the current fiscal 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.
Featured Article: Is the QQQ ETF safe?
Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.