Needham & Company LLC Reiterates Buy Rating for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a report issued on Wednesday, Benzinga reports. They currently have a $71.00 target price on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 19.39% from the stock’s current price.

TWLO has been the subject of a number of other research reports. UBS Group lowered their target price on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Stifel Nicolaus cut their target price on Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Jefferies Financial Group decreased their target price on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Piper Sandler raised Twilio from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $75.00 to $82.00 in a research note on Friday, January 12th. Finally, TD Cowen reduced their price objective on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Twilio currently has an average rating of “Hold” and a consensus price target of $68.59.

Twilio Stock Performance

NYSE:TWLO opened at $59.47 on Wednesday. The stock’s 50-day moving average is $60.69 and its 200-day moving average is $64.30. Twilio has a 1-year low of $45.02 and a 1-year high of $78.16. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. 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 released its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. Equities research analysts anticipate that Twilio will post -0.11 earnings per share for the current year.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 458 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the transaction, the insider now owns 171,744 shares in the company, valued at approximately $9,567,858.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Dana Wagner sold 458 shares of Twilio stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 3,375 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $60.79, for a total value of $205,166.25. Following the transaction, the chief financial officer now directly owns 231,036 shares of the company’s stock, valued at $14,044,678.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,958 shares of company stock valued at $1,910,447. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Twilio

Institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its holdings in Twilio by 1.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 110,155 shares of the technology company’s stock valued at $6,447,000 after buying an additional 1,951 shares in the last quarter. Raymond James & Associates lifted its stake in Twilio by 10.0% in the 3rd quarter. Raymond James & Associates now owns 41,632 shares of the technology company’s stock worth $2,437,000 after purchasing an additional 3,786 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Twilio by 7.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 29,022 shares of the technology company’s stock valued at $1,699,000 after purchasing an additional 2,014 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of Twilio during the 3rd quarter valued at $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Twilio by 4.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,111 shares of the technology company’s stock worth $2,757,000 after buying an additional 1,881 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.