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

StockNews.com upgraded shares of Twilio (NYSE:TWLOFree Report) from a hold rating to a buy rating in a report published on Sunday.

A number of other equities analysts have also recently weighed in on the company. TD Cowen cut their price target on Twilio from $72.00 to $65.00 and set a market perform rating for the company in a report on Wednesday, March 6th. UBS Group dropped their target price on Twilio from $82.00 to $74.00 and set a buy rating for the company in a research note on Wednesday, March 6th. Canaccord Genuity Group dropped their target price on Twilio from $90.00 to $85.00 and set a buy rating for the company in a research note on Wednesday, May 8th. Needham & Company LLC reiterated a buy rating and issued a $71.00 target price on shares of Twilio in a research note on Monday, May 20th. Finally, Sanford C. Bernstein dropped their target price on Twilio from $70.00 to $68.00 and set a market perform rating for the company in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Twilio currently has an average rating of Hold and an average target price of $69.20.

View Our Latest Report on TWLO

Twilio Trading Down 1.0 %

TWLO opened at $53.01 on Friday. The firm has a market cap of $9.07 billion, a price-to-earnings ratio of -13.22, a price-to-earnings-growth ratio of 9.15 and a beta of 1.34. Twilio has a 52 week low of $49.86 and a 52 week high of $78.16. The business’s 50 day moving average is $59.24 and its two-hundred day moving average is $64.44. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLOGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. The firm had revenue of $1.05 billion for 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%. On average, research analysts predict that Twilio will post 0.18 EPS for the current year.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 4,130 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.14, for a total value of $256,638.20. Following the completion of the sale, the insider now owns 167,614 shares of the company’s stock, valued at $10,415,533.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Dana Wagner sold 4,130 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.14, for a total value of $256,638.20. Following the completion of the transaction, the insider now owns 167,614 shares of the company’s stock, valued at $10,415,533.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 956 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total value 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 disclosure for this sale can be found here. Insiders sold 52,349 shares of company stock valued at $3,120,046 over the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Principal Securities Inc. bought a new position in Twilio during the 4th quarter worth approximately $25,000. Truvestments Capital LLC lifted its holdings in Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after buying an additional 247 shares during the last quarter. Activest Wealth Management raised its position in shares of Twilio by 327.9% during the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Westend Capital Management LLC acquired a new stake in shares of Twilio during the 1st quarter worth approximately $35,000. Finally, Blue Trust Inc. raised its position in shares of Twilio by 1,566.7% during the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after purchasing an additional 564 shares during the period. Institutional investors own 84.27% of the company’s stock.

Twilio Company Profile

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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.

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