Twilio (NYSE:TWLO) Stock Rating Upgraded by StockNews.com

Twilio (NYSE:TWLO) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

TWLO has been the topic of several other research reports. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $70.00 to $60.00 in a report on Friday, June 14th. Piper Sandler dropped their target price on shares of Twilio from $79.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday. Canaccord Genuity Group dropped their target price on shares of Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Oppenheimer restated an “outperform” rating and set a $75.00 target price on shares of Twilio in a report on Wednesday, April 17th. Finally, Robert W. Baird dropped their target price on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.38.

Twilio Trading Up 1.5 %

Shares of NYSE TWLO traded up $0.86 during mid-day trading on Friday, hitting $57.87. The stock had a trading volume of 1,925,564 shares, compared to its average volume of 2,945,841. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. Twilio has a 1 year low of $49.86 and a 1 year high of $78.16. The business has a 50 day moving average price of $57.82 and a two-hundred day moving average price of $62.57. The firm has a market cap of $9.91 billion, a P/E ratio of -14.43, a price-to-earnings-growth ratio of 9.46 and a beta of 1.35.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. On average, equities analysts anticipate that Twilio will post 0.18 EPS for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 24,657 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $57.00, for a total value of $1,405,449.00. Following the completion of the transaction, the chief executive officer now directly owns 311,325 shares in the company, valued at approximately $17,745,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the transaction, the chief executive officer now directly owns 311,325 shares in the company, valued at approximately $17,745,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 796 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $49,105.24. Following the transaction, the insider now owns 164,374 shares of the company’s stock, valued at $10,140,232.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,967 shares of company stock worth $3,796,221. 4.50% of the stock is owned by company insiders.

Institutional Trading of Twilio

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after buying an additional 140,791 shares in the last quarter. Norges Bank bought a new position in shares of Twilio during the 4th quarter worth $179,739,000. Kodai Capital Management LP grew its position in shares of Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after buying an additional 761,356 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Twilio by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock worth $105,131,000 after buying an additional 217,796 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Twilio by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company’s stock worth $95,261,000 after buying an additional 43,124 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

About Twilio

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.