Analysts Set Twilio Inc. (NYSE:TWLO) PT at $69.20

Twilio Inc. (NYSE:TWLOGet Free Report) has been assigned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $69.20.

A number of equities analysts have commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, April 17th. Morgan Stanley lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Macquarie cut their price objective on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. The Goldman Sachs Group boosted their price objective on shares of Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Finally, UBS Group cut their price objective on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th.

Get Our Latest Research Report on Twilio

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,130 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were 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 directly owns 167,614 shares of the company’s stock, valued at approximately $10,415,533.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Khozema Shipchandler sold 24,657 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $57.00, for a total value of $1,405,449.00. Following the completion of the sale, the chief executive officer now directly owns 311,325 shares of the company’s stock, valued at approximately $17,745,525. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 4,130 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.14, for a total transaction of $256,638.20. Following the completion of the sale, the insider now directly owns 167,614 shares of the company’s stock, valued at $10,415,533.96. The disclosure for this sale can be found here. Insiders sold 52,349 shares of company stock valued at $3,120,046 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new stake in Twilio during the fourth quarter valued at approximately $25,000. Truvestments Capital LLC raised its holdings in shares of Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after acquiring an additional 247 shares during the period. Activest Wealth Management raised its holdings in shares of Twilio by 327.9% during the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after acquiring an additional 400 shares during the period. Westend Capital Management LLC acquired a new stake in shares of Twilio during the first quarter valued at approximately $35,000. Finally, Blue Trust Inc. raised its holdings in shares of Twilio by 1,566.7% during the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after acquiring an additional 564 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Down 1.0 %

Shares of TWLO opened at $53.02 on Friday. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. The firm has a market cap of $9.08 billion, a PE ratio of -13.22, a price-to-earnings-growth ratio of 9.03 and a beta of 1.34. The company’s fifty day moving average is $59.06 and its two-hundred day moving average is $64.36. Twilio has a fifty-two week low of $49.86 and a fifty-two week high of $78.16.

Twilio (NYSE:TWLOGet Free Report) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.15. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. Analysts forecast that Twilio will post 0.18 earnings per share for the current year.

Twilio Company Profile

(Get Free Report

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.

Recommended Stories

Analyst Recommendations for Twilio (NYSE:TWLO)

Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.