Twilio Inc. (NYSE:TWLO) Receives Average Rating of “Hold” from Brokerages

Shares of Twilio Inc. (NYSE:TWLO) have been assigned an average recommendation of “Hold” from the twenty-two analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $70.52.

Several research firms have weighed in on TWLO. Sanford C. Bernstein lifted their target price on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. Barclays dropped their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Piper Sandler reissued an “overweight” rating and set a $83.00 target price (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $70.00 to $60.00 in a report on Friday, June 14th. Finally, JPMorgan Chase & Co. increased their price objective on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction of $119,084.77. Following the completion of the transaction, the chief financial officer now owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now directly owns 184,570 shares in the company, valued at $11,382,431.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 591 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the sale, the insider now owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,755 shares of company stock worth $1,423,386. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Twilio

Several hedge funds have recently made changes to their positions in TWLO. Principal Securities Inc. bought a new stake in shares of Twilio in the 4th quarter worth approximately $25,000. Robeco Institutional Asset Management B.V. boosted its stake in Twilio by 14.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after buying an additional 167 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Twilio by 5.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,935 shares of the technology company’s stock valued at $1,209,000 after buying an additional 823 shares during the period. Advisory Services Network LLC acquired a new position in shares of Twilio in the 4th quarter valued at $169,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Twilio during the 4th quarter worth about $335,000. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 1.0 %

Twilio stock opened at $64.66 on Monday. Twilio has a 52 week low of $49.86 and a 52 week high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of -16.12, a P/E/G ratio of 3.59 and a beta of 1.35. The company has a 50 day moving average price of $60.41 and a 200 day moving average price of $59.48.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. Twilio’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.23) earnings per share. Research analysts forecast that Twilio will post 0.54 EPS for the current year.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.