Twilio Inc. (TWLO) Given Outperform Rating at JMP Securities

JMP Securities reaffirmed their outperform rating on shares of Twilio Inc. (NYSE:TWLO) in a research note published on Friday, May 12th. The brokerage currently has a $33.00 target price on the technology company’s stock.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Twilio from a buy rating to a hold rating in a research note on Saturday, May 6th. Summit Research decreased their target price on shares of Twilio from $36.00 to $28.00 and set a buy rating on the stock in a research report on Thursday, May 4th. Oppenheimer Holdings, Inc. restated an outperform rating and set a $38.00 target price (down previously from $50.00) on shares of Twilio in a research report on Thursday, May 4th. Mitsubishi UFJ Financial Group restated a neutral rating and set a $23.00 target price (down previously from $32.50) on shares of Twilio in a research report on Thursday, May 4th. Finally, Canaccord Genuity decreased their price target on shares of Twilio from $40.00 to $33.00 and set a buy rating on the stock in a report on Thursday, May 4th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $35.57.

Twilio (NYSE:TWLO) traded up 3.95% during trading on Friday, hitting $26.87. The stock had a trading volume of 2,908,884 shares. Twilio has a 52-week low of $22.80 and a 52-week high of $70.96. The company’s market cap is $2.43 billion. The firm’s 50-day moving average price is $25.59 and its 200-day moving average price is $29.12.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, May 2nd. The technology company reported ($0.14) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.14). Twilio had a negative net margin of 16.07% and a negative return on equity of 14.26%. The company had revenue of $87.37 million during the quarter, compared to analysts’ expectations of $83.57 million. Analysts predict that Twilio will post ($0.29) EPS for the current fiscal year.

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In other Twilio news, CEO Jeff Lawson bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average cost of $23.43 per share, for a total transaction of $2,343,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Mcgeever purchased 10,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were purchased at an average price of $23.19 per share, for a total transaction of $231,900.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 25,825 shares of company stock valued at $766,721.

An institutional investor recently raised its position in Twilio stock. Perigon Wealth Management LLC boosted its position in shares of Twilio Inc. (NYSE:TWLO) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,325 shares of the technology company’s stock after buying an additional 693 shares during the period. Perigon Wealth Management LLC’s holdings in Twilio were worth $442,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 72.46% of the company’s stock.

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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