Twilio (TWLO) Rating Reiterated by Drexel Hamilton

Twilio (NYSE:TWLO)‘s stock had its “buy” rating restated by equities research analysts at Drexel Hamilton in a report released on Monday. They presently have a $47.00 price objective on the technology company’s stock. Drexel Hamilton’s price target would suggest a potential upside of 88.08% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Robert W. Baird restated a “buy” rating and set a $37.00 price objective on shares of Twilio in a report on Friday, November 10th. Oppenheimer restated a “buy” rating and set a $38.00 price objective on shares of Twilio in a report on Monday, September 18th. Northland Securities set a $36.00 price objective on Twilio and gave the stock a “buy” rating in a report on Monday, November 13th. Zacks Investment Research cut Twilio from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, William Blair reiterated an “outperform” rating on shares of Twilio in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $36.78.

Shares of Twilio (NYSE:TWLO) opened at $24.99 on Monday. Twilio has a 1-year low of $22.80 and a 1-year high of $35.15.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. Twilio had a negative return on equity of 17.55% and a negative net margin of 15.69%. The company had revenue of $100.54 million during the quarter, compared to analysts’ expectations of $92.50 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The business’s revenue was up 40.6% on a year-over-year basis. research analysts predict that Twilio will post -0.75 EPS for the current year.

In other Twilio news, CFO Lee Kirkpatrick sold 13,829 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $30.85, for a total transaction of $426,624.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Karyn Smith sold 5,381 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $31.48, for a total transaction of $169,393.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,347 shares of company stock valued at $1,416,011. 25.03% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its position in Twilio by 19.8% during the second quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock valued at $269,541,000 after purchasing an additional 1,528,512 shares in the last quarter. Vanguard Group Inc. raised its position in Twilio by 21.1% during the second quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock valued at $122,629,000 after purchasing an additional 734,659 shares in the last quarter. Bank of New York Mellon Corp raised its position in Twilio by 6.3% during the third 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 purchasing an additional 241,509 shares in the last quarter. Coatue Management LLC raised its position in Twilio by 329.4% during the second quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock valued at $54,079,000 after purchasing an additional 1,425,085 shares in the last quarter. Finally, Foxhaven Asset Management LP raised its position in Twilio by 1,068.4% during the second quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock valued at $40,745,000 after purchasing an additional 1,279,896 shares in the last quarter. Institutional investors and hedge funds own 60.13% of the company’s stock.

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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).

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