Twilio (TWLO) Reaches New 12-Month High on Strong Earnings

Shares of Twilio Inc (NYSE:TWLO) hit a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $96.97 and last traded at $95.77, with a volume of 18183448 shares trading hands. The stock had previously closed at $71.02.

The technology company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.04. The firm had revenue of $168.90 million for the quarter, compared to analysts’ expectations of $151.62 million. Twilio had a negative net margin of 18.29% and a negative return on equity of 21.41%. The company’s revenue was up 68.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) EPS.

Several research analysts have recently weighed in on the stock. Bank of America boosted their price target on shares of Twilio from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday. Monness Crespi & Hardt upped their target price on shares of Twilio from $85.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, September 12th. JMP Securities upped their target price on shares of Twilio from $76.00 to $86.00 and gave the company an “outperform” rating in a research report on Tuesday, September 4th. DA Davidson began coverage on shares of Twilio in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $99.00 target price on the stock. Finally, Mitsubishi UFJ Financial Group upped their target price on shares of Twilio to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, August 14th. One investment analyst has rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $79.18.

In other Twilio news, CFO Lee Kirkpatrick sold 17,636 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $86.81, for a total transaction of $1,530,981.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO George Hu sold 5,000 shares of the business’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $86.75, for a total transaction of $433,750.00. The disclosure for this sale can be found here. Insiders sold 184,477 shares of company stock worth $14,711,857 in the last ninety days. 19.80% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC purchased a new stake in Twilio during the second quarter worth about $112,000. Patton Albertson Miller Group LLC purchased a new stake in Twilio during the third quarter worth about $115,000. Synovus Financial Corp purchased a new stake in Twilio during the third quarter worth about $129,000. Tower Research Capital LLC TRC purchased a new stake in Twilio during the second quarter worth about $182,000. Finally, BKS Advisors LLC purchased a new stake in Twilio during the third quarter worth about $208,000. Institutional investors own 57.29% of the company’s stock.

The company has a debt-to-equity ratio of 0.98, a quick ratio of 7.20 and a current ratio of 7.20. The company has a market capitalization of $7.24 billion, a PE ratio of -121.37 and a beta of 1.00.

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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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