Twilio Inc. (NYSE:TWLO) Receives $68.90 Consensus Target Price from Analysts

Twilio Inc. (NYSE:TWLO) has been given an average recommendation of “Hold” by the nineteen analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $68.90.

Several equities analysts have weighed in on the company. Piper Sandler raised Twilio from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $75.00 to $82.00 in a research report on Friday, January 12th. StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research report on Thursday, February 15th. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 price objective on shares of Twilio in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus decreased their target price on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th.

Twilio Price Performance

Twilio stock opened at $59.87 on Friday. The company’s fifty day moving average price is $60.22 and its 200 day moving average price is $64.16. Twilio has a 1 year low of $45.02 and a 1 year high of $78.16. The stock has a market capitalization of $10.84 billion, a P/E ratio of -10.81 and a beta of 1.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.17. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. As a group, equities research analysts anticipate that Twilio will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 458 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $25,515.18. Following the completion of the sale, the insider now owns 171,744 shares in the company, valued at $9,567,858.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Aidan Viggiano sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $66,852.00. Following the completion of the sale, the chief financial officer now owns 241,044 shares in the company, valued at $13,428,561.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 458 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the transaction, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in Twilio during the fourth quarter worth $25,000. Truvestments Capital LLC grew its holdings in 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 grew its holdings in Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Westend Capital Management LLC acquired a new stake in Twilio in the first quarter valued at $35,000. Finally, Blue Trust Inc. grew its holdings in 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 and hedge funds 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.