In yesterday’s Wall Street session, Twilio Inc. (NYSE:TWLO) shares traded at $58.68, down -2.77% from the previous session.
35 analysts cover Twilio Inc. (NYSE:TWLO), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $50.00, we find $67.00. Given the previous closing price of $60.35, this indicates a potential upside of 11.02 percent. TWLO stock price is now -8.09% away from the 50-day moving average and 0.15% away from the 200-day moving average. The market capitalization of the company currently stands at $10.56B.
The stock has received a hold rating from 16 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $67.61 as their price target over the next twelve months.
With the price target maintained at $72, Argus recently Upgraded its rating from Hold to Buy for Twilio Inc. (NYSE: TWLO).
In other news, DONIO ELENA A., President, Data & Applications sold 7,760 shares of the company’s stock on Aug 15. The stock was sold for $470,639 at an average price of $60.65. Upon completion of the transaction, the President, Data & Applications now directly owns 427,921 shares in the company, valued at $25.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, Chief Financial Officer Viggiano Aidan sold 2,582 shares of the business’s stock. A total of $156,620 was realized by selling the stock at an average price of $60.66. This leaves the insider owning 192,452 shares of the company worth $11.29 million. Insiders disposed of 217,688 shares of company stock worth roughly $12.77 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TWLO stock. A new stake in Twilio Inc. shares was purchased by AMAZON COM INC during the first quarter worth $103,767,000. HOLOCENE ADVISORS, LP invested $102,213,000 in shares of TWLO during the first quarter. In the first quarter, CONTOUR ASSET MANAGEMENT LLC acquired a new stake in Twilio Inc. valued at approximately $67,845,000. FRONTIER CAPITAL MANAGEMENT CO LLC acquired a new stake in TWLO for approximately $42,075,000. MAVERICK CAPITAL LTD purchased a new stake in TWLO valued at around $29,209,000 in the second quarter. In total, there are 923 active investors with 85.20% ownership of the company’s stock.
On Thursday morning Twilio Inc. (NYSE: TWLO) stock kicked off with the opening price of $60.35. During the past 12 months, Twilio Inc. has had a low of $41.00 and a high of $84.79. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 6.10, and a quick ratio of 6.10. The fifty day moving average price for TWLO is $63.66 and a two-hundred day moving average price translates $58.51 for the stock.
The latest earnings results from Twilio Inc. (NYSE: TWLO) was released for Jun, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.54, beating analysts’ expectations of $0.3 by 0.24. This compares to -$1.77 EPS in the same period last year. The net profit margin was -30.10% and return on equity was -11.80% for TWLO. The company reported revenue of $1.04 billion for the quarter, compared to $943.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.01 percent. For the current quarter, analysts expect TWLO to generate $988.23M in revenue.
Twilio Inc.(TWLO) Company Profile
Twilio Inc., together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications. Twilio Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
