Twilio Inc. (TWLO) Lifted to Strong-Buy at Vetr Inc.

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

Other 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. Drexel Hamilton reissued a buy rating and issued a $44.00 price target on shares of Twilio in a research report on Thursday, May 25th. Summit Research dropped their price target 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. Canaccord Genuity dropped their price target on shares of Twilio from $40.00 to $33.00 and set a buy rating on the stock in a research report on Thursday, May 4th. Finally, CIBC reissued an outperform rating and issued a $38.00 price target on shares of Twilio in a research report on Tuesday, May 30th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Twilio presently has a consensus rating of Buy and an average price target of $37.36.

Shares of Twilio (NYSE:TWLO) traded up 9.99% during trading on Wednesday, reaching $33.58. 12,593,781 shares of the company’s stock traded hands. The company’s market capitalization is $3.04 billion. The stock has a 50-day moving average of $29.39 and a 200-day moving average of $29.01. Twilio has a 1-year low of $22.80 and a 1-year high of $70.96. Twilio also was the recipient of some unusual options trading activity on Monday. Traders purchased 10,933 put options on the company. This represents an increase of 795% compared to the average daily volume of 1,222 put options.

Twilio (NYSE:TWLO) last posted its earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.20). The firm had revenue of $95.90 million during the quarter, compared to analysts’ expectations of $86.28 million. Twilio had a negative net margin of 16.07% and a negative return on equity of 14.26%. The company’s revenue was up 48.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) earnings per share. On average, equities analysts predict that Twilio will post ($0.29) EPS for the current fiscal year.

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In related news, Director James Mcgeever purchased 10,000 shares of Twilio stock in a transaction that occurred on Thursday, May 11th. The shares were acquired at an average price of $23.19 per share, for a total transaction of $231,900.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeff Lawson purchased 100,000 shares of Twilio stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average price of $23.43 per share, for a total transaction of $2,343,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 45,870 shares of company stock worth $1,296,550 in the last 90 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its position in Twilio by 12.1% in the second quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after buying an additional 555 shares during the last quarter. IFP Advisors Inc increased 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. US Bancorp DE increased its position in Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after buying an additional 3,878 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Twilio by 111.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,978 shares of the technology company’s stock worth $174,000 after buying an additional 3,156 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased 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. Institutional investors own 73.97% of the company’s stock.

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).

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

Analyst Recommendations for Twilio (NYSE:TWLO)

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