JMP Securities Reaffirms “Market Outperform” Rating for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO)‘s stock had its “market outperform” rating reissued by investment analysts at JMP Securities in a research report issued on Tuesday,Benzinga reports. They presently have a $165.00 target price on the technology company’s stock. JMP Securities’ target price would indicate a potential upside of 70.45% from the stock’s current price.

Several other equities research analysts also recently issued reports on TWLO. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Monness Crespi & Hardt increased their price objective on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Jefferies Financial Group decreased their price target on Twilio from $145.00 to $108.00 and set a “hold” rating on the stock in a research report on Monday. Scotiabank decreased their target price on shares of Twilio from $160.00 to $130.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 24th. Finally, StockNews.com downgraded shares of Twilio from a “buy” rating to a “hold” rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.65.

Twilio Trading Up 0.3 %

TWLO opened at $96.80 on Tuesday. The stock has a market capitalization of $14.77 billion, a P/E ratio of -151.25, a P/E/G ratio of 4.30 and a beta of 1.50. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a 12 month low of $52.51 and a 12 month high of $151.95. The firm’s fifty day simple moving average is $98.07 and its 200 day simple moving average is $104.49.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, research analysts anticipate that Twilio will post 1.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 2,500 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the company’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,471 shares of company stock valued at $2,344,149. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its position in Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in shares of Twilio in the fourth quarter valued at about $301,258,000. Norges Bank purchased a new stake in shares of Twilio during the fourth quarter worth about $222,146,000. Two Sigma Investments LP increased its holdings in Twilio by 1,292.9% during the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock valued at $122,101,000 after purchasing an additional 1,048,619 shares during the period. Finally, Whale Rock Capital Management LLC purchased a new stake in Twilio in the 4th quarter worth approximately $111,312,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.