Twilio (NYSE:TWLO) Raised to “Buy” at StockNews.com

Twilio (NYSE:TWLO) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other equities research analysts also recently weighed in on the company. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on shares of Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada reissued an “underperform” rating and set a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. Finally, Piper Sandler lifted their target price on shares of Twilio from $106.00 to $121.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.13.

Twilio Stock Performance

Twilio stock opened at $100.11 on Friday. Twilio has a 12-month low of $52.51 and a 12-month high of $151.95. The stock has a 50-day simple moving average of $97.36 and a 200 day simple moving average of $105.12. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of -156.42, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.22. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Twilio’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 earnings per share. On average, research analysts anticipate that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 295,134 shares of the company’s stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,471 shares of company stock valued at $2,344,149 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Twilio

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management acquired a new position in shares of Twilio during the 4th quarter worth approximately $344,000. Bleakley Financial Group LLC acquired a new position in Twilio during the fourth quarter worth $230,000. Aigen Investment Management LP raised its position in Twilio by 81.6% during the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock worth $1,248,000 after acquiring an additional 5,188 shares in the last quarter. Highland Capital Management LLC acquired a new stake in Twilio in the fourth quarter valued at $912,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Twilio in the 4th quarter valued at about $860,000. Institutional investors own 84.27% of the company’s stock.

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.