Twilio (NYSE:TWLO) Rating Increased to Buy at StockNews.com

Twilio (NYSE:TWLOGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Sunday.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 target price on shares of Twilio in a research report on Wednesday, March 6th. Macquarie lowered their price target on Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. TD Cowen lowered their price target on Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, March 6th. Oppenheimer reissued an “outperform” rating and issued a $75.00 price target on shares of Twilio in a research report on Wednesday, April 17th. Finally, The Goldman Sachs Group upped their price objective on Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $69.20.

Read Our Latest Stock Analysis on Twilio

Twilio Trading Down 1.4 %

TWLO stock opened at $53.50 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The company has a fifty day moving average price of $59.41 and a two-hundred day moving average price of $64.54. Twilio has a one year low of $49.86 and a one year high of $78.16. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of -13.34, a price-to-earnings-growth ratio of 9.15 and a beta of 1.34.

Twilio (NYSE:TWLOGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. Equities analysts anticipate that Twilio will post 0.18 EPS for the current year.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 24,657 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the transaction, the chief executive officer now directly owns 311,325 shares of the company’s stock, valued at $17,745,525. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Aidan Viggiano sold 956 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $58,975.64. Following the completion of the transaction, the chief financial officer now directly owns 228,506 shares of the company’s stock, valued at approximately $14,096,535.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 311,325 shares of the company’s stock, valued at approximately $17,745,525. The disclosure for this sale can be found here. Insiders have sold 52,349 shares of company stock worth $3,120,046 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Principal Securities Inc. bought a new position in Twilio in the fourth quarter valued at approximately $25,000. Truvestments Capital LLC raised its holdings in shares of Twilio by 123.5% in the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after purchasing an additional 247 shares during the last quarter. Activest Wealth Management increased its holdings in Twilio by 327.9% during the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after buying an additional 400 shares during the last quarter. Westend Capital Management LLC acquired a new position in Twilio during the first quarter worth $35,000. Finally, Blue Trust Inc. increased its holdings in shares of Twilio by 1,566.7% in the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Twilio (NYSE:TWLO)

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