Twilio (NYSE:TWLO) Earns Underperform Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their underperform rating on shares of Twilio (NYSE:TWLO) in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a $50.00 price objective on the technology company’s stock.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group upped their price target on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Piper Sandler increased their target price on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Wells Fargo & Company increased their target price on Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. UBS Group increased their target price on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird increased their target price on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $93.74.

Twilio Stock Performance

TWLO opened at $113.12 on Tuesday. The stock has a market cap of $17.35 billion, a P/E ratio of -44.02, a P/E/G ratio of 2.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock’s 50 day simple moving average is $108.09 and its 200 day simple moving average is $80.45. Twilio has a 1-year low of $52.51 and a 1-year high of $117.92.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock valued at $2,844,655 over the last three months. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

A number of hedge funds have recently bought and sold shares of TWLO. AQR Capital Management LLC grew its stake in Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares in the last quarter. Pacer Advisors Inc. grew its stake in Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after purchasing an additional 398,872 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after purchasing an additional 311,481 shares in the last quarter. 84.27% of the stock is currently 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.