Twilio Inc (TWLO) Receives Outperform Rating from JMP Securities

JMP Securities reissued their outperform rating on shares of Twilio Inc (NASDAQ:TWLO) in a research report report published on Friday. They currently have a $33.00 price objective on the technology company’s stock.

A number of other equities research analysts have also issued reports on TWLO. Summit Redstone started coverage on shares of Twilio in a report on Thursday, January 12th. They issued a buy rating and a $36.00 price target on the stock. Oppenheimer Holdings Inc. reaffirmed a top pick rating and issued a $50.00 target price on shares of Twilio in a research report on Thursday, January 12th. William Blair reaffirmed an outperform rating on shares of Twilio in a research report on Monday, January 23rd. Drexel Hamilton reaffirmed a buy rating and issued a $45.00 target price on shares of Twilio in a research report on Monday, February 6th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $40.00 target price on shares of Twilio in a research report on Wednesday, February 8th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Twilio presently has an average rating of Buy and an average target price of $36.18.

Twilio (NASDAQ:TWLO) opened at 24.81 on Friday. The company has a 50-day moving average of $28.36 and a 200 day moving average of $30.43. Twilio has a 12-month low of $22.80 and a 12-month high of $70.96. The firm’s market cap is $2.20 billion.

Twilio (NASDAQ:TWLO) last announced its quarterly earnings results on Tuesday, May 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.14). The firm had revenue of $87.37 million during the quarter, compared to the consensus estimate of $83.57 million. Equities analysts expect that Twilio will post ($0.29) EPS for the current fiscal year.

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In related news, CFO Lee Kirkpatrick sold 12,757 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $30.96, for a total transaction of $394,956.72. Following the completion of the sale, the chief financial officer now directly owns 17,292 shares in the company, valued at $535,360.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $31.20, for a total transaction of $162,645.60. The disclosure for this sale can be found here. Insiders have sold 33,369 shares of company stock valued at $1,033,491 over the last 90 days.

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Twilio by 52.6% in the first quarter. FMR LLC now owns 7,730,863 shares of the technology company’s stock valued at $223,190,000 after buying an additional 2,663,281 shares during the period. Vanguard Group Inc. raised its stake in shares of Twilio by 107.2% in the first quarter. Vanguard Group Inc. now owns 3,477,947 shares of the technology company’s stock valued at $100,409,000 after buying an additional 1,799,102 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Twilio by 266.0% in the first quarter. Bank of New York Mellon Corp now owns 3,038,897 shares of the technology company’s stock valued at $87,733,000 after buying an additional 2,208,692 shares during the period. Wells Fargo & Company MN raised its stake in shares of Twilio by 841.2% in the first quarter. Wells Fargo & Company MN now owns 2,187,187 shares of the technology company’s stock valued at $63,145,000 after buying an additional 1,954,807 shares during the period. Finally, Union Square GP 2008 L.L.C. acquired a new stake in shares of Twilio during the fourth quarter valued at about $45,861,000.

About Twilio

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).

5 Day Chart for NASDAQ:TWLO

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