Twilio Inc. (TWLO) Upgraded by Vetr Inc. to Strong-Buy

Vetr upgraded shares of Twilio Inc. (NYSE:TWLO) from a buy rating to a strong-buy rating in a research report released on Wednesday, July 12th. Vetr currently has $34.50 target price on the technology company’s stock.

Other research analysts also recently issued research reports about the company. Drexel Hamilton reissued a buy rating and set a $50.00 target price on shares of Twilio in a research note on Tuesday, May 2nd. Zacks Investment Research raised Twilio from a sell rating to a buy rating and set a $36.00 target price for the company in a research note on Friday, April 28th. Summit Redstone lowered their target price on Twilio from $36.00 to $28.00 and set a buy rating for the company in a research note on Wednesday, May 3rd. Canaccord Genuity lowered their price objective on Twilio from $40.00 to $33.00 and set a buy rating for the company in a research note on Thursday, May 4th. Finally, Summit Research lowered their price objective on Twilio from $36.00 to $28.00 and set a buy rating for the company in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $37.25.

Twilio (NYSE TWLO) traded up 3.63% during midday trading on Wednesday, reaching $31.38. 3,415,990 shares of the company’s stock traded hands. The company’s market cap is $2.85 billion. Twilio has a 52-week low of $22.80 and a 52-week high of $70.96. The stock has a 50-day moving average of $29.86 and a 200 day moving average of $29.12.

Twilio (NYSE:TWLO) last issued its earnings results on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.20). The firm had revenue of $95.90 million during the quarter, compared to the consensus estimate of $86.28 million. Twilio had a negative return on equity of 15.99% and a negative net margin of 13.42%. The business’s quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. On average, analysts anticipate that Twilio will post ($0.23) earnings per share for the current fiscal year.

WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/08/11/twilio-inc-twlo-lifted-to-strong-buy-at-vetr-inc-updated-updated-updated.html.

In other Twilio news, Director Richard L. Dalzell sold 2,500 shares of the stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $30.01, for a total transaction of $75,025.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Karyn Smith sold 5,381 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $31.40, for a total value of $168,963.40. The disclosure for this sale can be found here. Insiders have sold a total of 45,870 shares of company stock valued at $1,296,550 in the last three months.

Several institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in Twilio by 10.0% in the second quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after buying an additional 469 shares during the last quarter. Sei Investments Co. boosted its position in Twilio by 138,746.4% in the second quarter. Sei Investments Co. now owns 38,877 shares of the technology company’s stock worth $1,132,000 after buying an additional 38,849 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its position in Twilio by 54.8% in the second quarter. Kornitzer Capital Management Inc. KS now owns 252,615 shares of the technology company’s stock worth $7,354,000 after buying an additional 89,390 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Twilio by 204.0% in the second quarter. Great West Life Assurance Co. Can now owns 7,297 shares of the technology company’s stock worth $212,000 after buying an additional 4,897 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Twilio by 22.5% in the second quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the technology company’s stock worth $318,000 after buying an additional 2,005 shares during the last quarter. Hedge funds and other institutional investors own 73.97% 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).

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Twilio (NYSE:TWLO)

What are top analysts saying about Twilio Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Twilio Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit