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

Twilio Inc. (NYSE:TWLO) has been given a consensus rating of “Hold” by the twenty-two brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $70.52.

Several brokerages have recently commented on TWLO. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $70.00 to $60.00 in a research report on Friday, June 14th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up previously from $77.00) on shares of Twilio in a research report on Friday, August 2nd. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Barclays decreased their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Finally, Sanford C. Bernstein increased their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th.

Twilio Price Performance

Shares of NYSE TWLO opened at $64.66 on Monday. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The business has a 50 day moving average price of $60.41 and a two-hundred day moving average price of $59.48. The firm has a market cap of $11.07 billion, a PE ratio of -16.12, a price-to-earnings-growth ratio of 3.59 and a beta of 1.35.

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

Insider Activity

In related news, CFO Aidan Viggiano sold 6,586 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $370,528.36. Following the completion of the sale, the chief financial officer now owns 188,462 shares of the company’s stock, valued at $10,602,872.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Aidan Viggiano sold 6,586 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $56.26, for a total transaction of $370,528.36. Following the sale, the chief financial officer now owns 188,462 shares of the company’s stock, valued at $10,602,872.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 591 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the sale, the insider now owns 156,737 shares of the company’s stock, valued at $9,540,581.19. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,755 shares of company stock valued at $1,423,386. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TWLO. Tidal Investments LLC grew its stake in shares of Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after purchasing an additional 166 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Twilio by 14.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock valued at $102,000 after buying an additional 167 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Twilio by 3.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock valued at $355,000 after acquiring an additional 201 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Twilio by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after acquiring an additional 205 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Twilio by 0.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after acquiring an additional 220 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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.