Twilio Inc. (NYSE:TWLO) Given Average Recommendation of “Hold” by Brokerages

Shares of Twilio Inc. (NYSE:TWLO) have earned a consensus rating of “Hold” from the nineteen research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $68.90.

A number of equities analysts recently commented on TWLO shares. StockNews.com cut shares of Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Wells Fargo & Company dropped their price target on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 6th. Robert W. Baird lifted their price target on shares of Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the sale, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the sale, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dana Wagner sold 458 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the sale, the insider now directly owns 171,744 shares of the company’s stock, valued at approximately $9,567,858.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,958 shares of company stock valued at $1,910,447. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its holdings in shares of Twilio by 14.2% in 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 raised its holdings in shares of Twilio by 4.0% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after purchasing an additional 181 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Twilio by 1.8% during the fourth quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock worth $775,000 after purchasing an additional 185 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Twilio by 29.0% during 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 last quarter. Finally, Desjardins Global Asset Management Inc. raised its holdings in shares of Twilio by 15.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock worth $112,000 after purchasing an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

Twilio stock opened at $60.01 on Friday. Twilio has a twelve month low of $45.02 and a twelve month high of $78.16. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $60.06 and its 200-day moving average price is $63.98. The company has a market cap of $10.86 billion, a PE ratio of -10.83 and a beta of 1.35.

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

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.