Twilio’s (TWLO) Underperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their underperform rating on shares of Twilio (NYSE:TWLO) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $50.00 price target on the technology company’s stock.

Several other research firms also recently issued reports on TWLO. Robert W. Baird boosted their price objective on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC boosted their price objective on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their price objective on Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. The Goldman Sachs Group boosted their price objective on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Tigress Financial boosted their target price on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $93.74.

Twilio Price Performance

TWLO stock opened at $113.12 on Tuesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $17.35 billion, a PE ratio of -44.02, a P/E/G ratio of 2.24 and a beta of 1.38. Twilio has a 12-month low of $52.51 and a 12-month high of $117.92. The business’s fifty day moving average price is $108.09 and its 200 day moving average price is $80.45.

Insider Activity at Twilio

In other Twilio news, 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 completion of the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 in the last three months. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Twilio

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management purchased a new stake in Twilio during the 4th quarter valued at approximately $344,000. KBC Group NV raised its stake in shares of Twilio by 67.4% during the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after buying an additional 9,140 shares in the last quarter. Zacks Investment Management purchased a new position in shares of Twilio during the 3rd quarter worth approximately $3,386,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares in the last quarter. Finally, Affinity Investment Advisors LLC purchased a new position in shares of Twilio during the 3rd quarter worth approximately $434,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.