Royal Bank of Canada Reaffirms Underperform Rating for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO)‘s stock had its “underperform” rating reiterated by investment analysts at Royal Bank of Canada in a research report issued on Wednesday,Benzinga reports. They currently have a $75.00 price target on the technology company’s stock. Royal Bank of Canada’s price target would indicate a potential downside of 27.06% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Mizuho boosted their price objective on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Scotiabank boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.35.

Twilio Stock Up 3.6 %

NYSE:TWLO traded up $3.57 on Wednesday, hitting $102.83. 429,755 shares of the company’s stock were exchanged, compared to its average volume of 2,625,521. The firm has a 50-day moving average price of $121.75 and a 200-day moving average price of $98.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a market cap of $15.70 billion, a P/E ratio of -160.51, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, analysts expect that Twilio will post 1.44 EPS for the current fiscal year.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,277 shares of company stock valued at $2,441,324. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC lifted its stake in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new position in Twilio in the 4th quarter valued at approximately $44,000. Finally, Brooklyn Investment Group bought a new position in Twilio in the 3rd quarter valued at approximately $46,000. 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.