Twilio Inc. (NYSE:TWLO) Receives Consensus Rating of “Hold” from Brokerages

Twilio Inc. (NYSE:TWLOGet Rating) has been assigned a consensus rating of “Hold” from the thirty-one research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $104.00.

TWLO has been the subject of several recent research reports. Credit Suisse Group initiated coverage on shares of Twilio in a research note on Friday, September 23rd. They set a “neutral” rating and a $80.00 target price for the company. KeyCorp cut their target price on shares of Twilio from $96.00 to $77.00 and set an “overweight” rating for the company in a research note on Monday, November 7th. JMP Securities cut their target price on shares of Twilio from $175.00 to $110.00 and set a “market outperform” rating for the company in a research note on Friday, November 4th. Argus lowered shares of Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, UBS Group cut their target price on shares of Twilio from $170.00 to $94.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 1,869 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $55.47, for a total transaction of $103,673.43. Following the completion of the transaction, the insider now directly owns 76,552 shares of the company’s stock, valued at approximately $4,246,339.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Dana Wagner sold 1,869 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $55.47, for a total transaction of $103,673.43. Following the completion of the transaction, the insider now directly owns 76,552 shares of the company’s stock, valued at approximately $4,246,339.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eyal Manor sold 397 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $76.34, for a total transaction of $30,306.98. Following the transaction, the insider now directly owns 156,084 shares of the company’s stock, valued at $11,915,452.56. The disclosure for this sale can be found here. Insiders sold a total of 9,170 shares of company stock valued at $579,649 in the last ninety days. Company insiders own 4.96% of the company’s stock.

Institutional Investors Weigh In On Twilio

Hedge funds have recently made changes to their positions in the company. Evoke Wealth LLC increased its position in Twilio by 255.1% in the 1st quarter. Evoke Wealth LLC now owns 174 shares of the technology company’s stock valued at $29,000 after acquiring an additional 125 shares in the last quarter. Wedbush Securities Inc. increased its position in Twilio by 3.8% in the 2nd quarter. Wedbush Securities Inc. now owns 7,993 shares of the technology company’s stock valued at $670,000 after acquiring an additional 293 shares in the last quarter. Balentine LLC acquired a new stake in shares of Twilio during the 1st quarter worth approximately $285,000. Asset Management One Co. Ltd. grew its position in shares of Twilio by 2.6% during the 2nd quarter. Asset Management One Co. Ltd. now owns 72,495 shares of the technology company’s stock worth $6,075,000 after buying an additional 1,869 shares during the period. Finally, Shell Asset Management Co. grew its position in shares of Twilio by 10.3% during the 2nd quarter. Shell Asset Management Co. now owns 8,427 shares of the technology company’s stock worth $706,000 after buying an additional 788 shares during the period. Institutional investors and hedge funds own 79.32% of the company’s stock.

Twilio Price Performance

Shares of NYSE:TWLO opened at $50.75 on Friday. The company has a quick ratio of 5.74, a current ratio of 5.74 and a debt-to-equity ratio of 0.10. Twilio has a fifty-two week low of $41.00 and a fifty-two week high of $303.75. The firm has a 50-day simple moving average of $67.59 and a 200 day simple moving average of $82.12. The company has a market cap of $9.36 billion, a PE ratio of -6.99 and a beta of 1.47.

Twilio (NYSE:TWLOGet Rating) last posted its earnings results on Thursday, November 3rd. The technology company reported ($1.33) EPS for the quarter, hitting the consensus estimate of ($1.33). Twilio had a negative net margin of 36.17% and a negative return on equity of 8.20%. The firm had revenue of $983.03 million during the quarter, compared to analysts’ expectations of $969.17 million. On average, sell-side analysts anticipate that Twilio will post -3.95 EPS for the current year.

About Twilio

(Get Rating)

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Analyst Recommendations for Twilio (NYSE:TWLO)

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