Twilio Inc (NYSE:TWLO) shares gapped up prior to trading on Tuesday after Needham & Company LLC raised their price target on the stock from $170.00 to $225.00. The stock had previously closed at $217.07, but opened at $208.62. Needham & Company LLC currently has a buy rating on the stock. Twilio shares last traded at $197.83, with a volume of 4,572,463 shares traded.
Several other research analysts have also recently commented on TWLO. TheStreet upgraded shares of Twilio from a "d+" rating to a "c" rating in a report on Thursday, May 14th. Oppenheimer reiterated a "buy" rating and issued a $160.00 target price on shares of Twilio in a report on Wednesday, May 13th. Bank of America reissued a "buy" rating and issued a $125.00 price target on shares of Twilio in a research report on Monday, May 4th. Mizuho increased their price target on shares of Twilio from $125.00 to $180.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Finally, William Blair reissued a "buy" rating on shares of Twilio in a research report on Friday, March 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company's stock. The company currently has a consensus rating of "Buy" and an average price target of $158.52.
In other news, COO George Hu sold 7,577 shares of Twilio stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $189.67, for a total value of $1,437,129.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Khozema Shipchandler sold 6,669 shares of Twilio stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $189.72, for a total transaction of $1,265,242.68. The disclosure for this sale can be found here. In the last three months, insiders sold 195,550 shares of company stock worth $31,090,969. Insiders own 10.85% of the company's stock.
Institutional investors have recently made changes to their positions in the company. Orion Portfolio Solutions LLC acquired a new stake in shares of Twilio in the fourth quarter worth $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Twilio in the first quarter worth $25,000. SRS Capital Advisors Inc. acquired a new stake in shares of Twilio in the fourth quarter worth $27,000. Ameritas Investment Company LLC acquired a new stake in shares of Twilio in the first quarter worth $27,000. Finally, G&S Capital LLC grew its stake in shares of Twilio by 323.5% in the first quarter. G&S Capital LLC now owns 360 shares of the technology company's stock worth $32,000 after acquiring an additional 275 shares during the last quarter. Institutional investors and hedge funds own 86.82% of the company's stock.
The company has a debt-to-equity ratio of 0.14, a current ratio of 7.50 and a quick ratio of 7.50. The stock's 50 day simple moving average is $133.98 and its two-hundred day simple moving average is $112.60. The stock has a market cap of $29.22 billion, a price-to-earnings ratio of -73.28 and a beta of 1.37.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.11) by $0.17. Twilio had a negative net margin of 28.85% and a negative return on equity of 5.07%. The firm had revenue of $364.87 million for the quarter, compared to the consensus estimate of $327.59 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. The business's revenue was up 56.5% compared to the same quarter last year. As a group, analysts predict that Twilio Inc will post -1.6 earnings per share for the current year.
About Twilio (NYSE:TWLO)
Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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7 Energy Stocks to Buy On This Historical Dip
It may seem hard to believe, but the current chaos in the energy sector, and oil stocks, in particular, will pass. The novel coronavirus that has birthed a global pandemic is being compared to the Spanish Flu of 1918.
Of course, when you have once in a century event, it’s difficult to look back in history and make an apples-to-apples comparison to our current situation. This isn’t to minimize our current situation. It’s simply to say that the market is forward-looking, but it’s also emotional. And it also hates uncertainty.
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View the "7 Energy Stocks to Buy On This Historical Dip".