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

Twilio (NYSE:TWLO) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

TWLO has been the subject of several other research reports. UBS Group decreased their price target on Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Jefferies Financial Group decreased their price objective on shares of Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of Twilio in a report on Thursday, February 15th. Canaccord Genuity Group decreased their price target on Twilio from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Piper Sandler lifted their price target on Twilio from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $68.59.

Twilio Stock Performance

Shares of Twilio stock traded up $0.85 during trading hours on Thursday, reaching $59.47. The company’s stock had a trading volume of 3,823,024 shares, compared to its average volume of 3,234,963. Twilio has a one year low of $45.02 and a one year high of $78.16. The company’s 50 day simple moving average is $60.69 and its 200 day simple moving average is $64.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. The stock has a market cap of $10.83 billion, a P/E ratio of -14.83 and a beta of 1.33.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. As a group, analysts expect that Twilio will post -0.11 EPS for the current fiscal year.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 458 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were 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 directly owns 171,744 shares in the company, valued at $9,567,858.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Dana Wagner sold 458 shares of Twilio 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 sale, the insider now owns 171,744 shares of the company’s stock, valued at approximately $9,567,858.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the sale, the chief executive officer now owns 335,982 shares in the company, valued at $20,874,561.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Twilio

A number of large investors have recently modified their holdings of TWLO. Robeco Institutional Asset Management B.V. raised its stake in shares of Twilio by 14.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after buying an additional 167 shares during the last quarter. Blue Zone Wealth Advisors LLC increased its stake in shares of Twilio by 4.0% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock valued at $359,000 after acquiring an additional 181 shares during the last quarter. Brighton Jones LLC boosted its stake in Twilio by 1.8% during the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock worth $775,000 after acquiring an additional 185 shares during the last quarter. Fifth Third Bancorp raised its holdings in Twilio by 29.0% in the first quarter. Fifth Third Bancorp now owns 841 shares of the technology company’s stock worth $51,000 after purchasing an additional 189 shares during the period. Finally, Desjardins Global Asset Management Inc. increased its position in shares of Twilio by 15.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock valued at $112,000 after buying an additional 192 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Company Profile

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.