Twilio (NYSE:TWLO) Receives “Outperform” Rating from Oppenheimer

Oppenheimer reissued their outperform rating on shares of Twilio (NYSE:TWLO) in a research report released on Wednesday, Benzinga reports. Oppenheimer currently has a $75.00 target price on the technology company’s stock.

TWLO has been the topic of several other reports. JMP Securities restated a market outperform rating and set a $110.00 target price on shares of Twilio in a research report on Thursday, February 15th. HSBC lowered shares of Twilio from a hold rating to a reduce rating and decreased their price objective for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. The Goldman Sachs Group raised their target price on shares of Twilio from $69.00 to $70.00 and gave the company a neutral rating in a report on Wednesday, March 6th. Jefferies Financial Group reduced their price target on shares of Twilio from $65.00 to $60.00 and set a hold rating on the stock in a report on Wednesday, March 6th. Finally, Barclays raised their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock an equal weight rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Twilio has an average rating of Hold and a consensus price target of $68.90.

Twilio Stock Down 0.7 %

Shares of NYSE TWLO opened at $58.73 on Wednesday. Twilio has a one year low of $45.02 and a one year high of $78.16. The company’s fifty day moving average is $61.26 and its two-hundred day moving average is $63.92. 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 issued its earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.17. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. As a group, equities analysts forecast that Twilio will post -0.11 EPS for the current year.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the sale, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Dana Wagner sold 841 shares of Twilio stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $61.43, for a total value of $51,662.63. Following the transaction, the insider now directly owns 166,773 shares of the company’s stock, valued at approximately $10,244,865.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares in the company, valued at $10,529,034.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,958 shares of company stock valued at $1,910,447. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Twilio

Several hedge funds and other institutional investors have recently modified their holdings of TWLO. Principal Securities Inc. acquired a new position in shares of Twilio in the 4th quarter valued at about $25,000. Truvestments Capital LLC lifted its stake in shares of Twilio by 123.5% in the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after purchasing an additional 247 shares in the last quarter. RVW Wealth LLC purchased a new stake in shares of Twilio during the 3rd quarter valued at about $30,000. Optimum Investment Advisors raised its holdings in shares of Twilio by 68.3% during the 3rd quarter. Optimum Investment Advisors now owns 505 shares of the technology company’s stock valued at $30,000 after buying an additional 205 shares during the period. Finally, Westend Capital Management LLC purchased a new stake in shares of Twilio during the 1st quarter valued at about $35,000. 84.27% of the stock is owned by institutional investors and hedge funds.

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.