Twilio (NYSE:TWLO)‘s stock had its “hold” rating restated by investment analysts at KeyCorp in a research note issued on Tuesday.
The analysts wrote, “We were impressed by the Engagement Cloud vision that Twilio displayed at its first analyst day in San Francisco. While the Company remains focused on a broad vision of disrupting the trillion-dollar communications industry through simple software APIs and a developer- first approach, the growth strategy appears to be solidifying as it moves further up the stack with multiple API components that can be bundled to solve higher-level bottlenecks. The Engagement Cloud, for example, could include 11 unique APIs such as Voice, Chat, SMS, Facebook, Studio, Notify, Understand, Frame, Sync, TaskRouter, and Marketplace. New COO refreshes the go-to-market approach. George Hu, the former COO of Salesforce.com who joined Twilio in March 2017, gave a presentation on the recent changes in the Company’s go-to-market strategy.””
TWLO has been the topic of several other research reports. Zacks Investment Research lowered shares of Twilio from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Northland Securities set a $36.00 price target on shares of Twilio and gave the stock a “buy” rating in a research report on Monday, November 13th. Robert W. Baird lifted their price target on shares of Twilio from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Goldman Sachs Group restated a “sell” rating and issued a $33.00 price target (up previously from $30.00) on shares of Twilio in a research report on Wednesday, August 9th. Finally, Drexel Hamilton restated a “buy” rating and issued a $47.00 price target on shares of Twilio in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $36.78.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. The firm 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%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. equities analysts forecast that Twilio will post -0.75 EPS for the current year.
In other Twilio news, General Counsel Karyn Smith sold 5,213 shares of Twilio stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $31.23, for a total transaction of $162,801.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Lee Kirkpatrick sold 10,000 shares of Twilio stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $32.17, for a total transaction of $321,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,347 shares of company stock worth $1,416,011. Corporate insiders own 25.03% of the company’s stock.
Several large investors have recently modified their holdings of the business. FMR LLC boosted its stake in shares of Twilio by 19.8% during the 2nd quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock valued at $269,541,000 after buying an additional 1,528,512 shares during the period. Vanguard Group Inc. boosted its stake in shares of Twilio by 21.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock valued at $122,629,000 after buying an additional 734,659 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Twilio by 6.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,096,296 shares of the technology company’s stock valued at $122,275,000 after buying an additional 241,509 shares during the period. Coatue Management LLC boosted its stake in shares of Twilio by 329.4% during the 2nd quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock valued at $54,079,000 after buying an additional 1,425,085 shares during the period. Finally, Foxhaven Asset Management LP boosted its stake in shares of Twilio by 1,068.4% during the 2nd quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock valued at $40,745,000 after buying an additional 1,279,896 shares during the period. 60.13% of the stock is owned by institutional investors.
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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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