Twilio (NYSE:TWLO) Earns Hold Rating from Analysts at HSBC

Investment analysts at HSBC assumed coverage on shares of Twilio (NYSE:TWLO) in a report issued on Friday, FlyOnTheWall reports. The firm set a “hold” rating on the technology company’s stock.

Several other brokerages also recently weighed in on TWLO. Northland Securities increased their target price on shares of Twilio from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Piper Sandler reduced their price target on shares of Twilio from $71.00 to $68.00 in a research note on Wednesday, August 9th. Wells Fargo & Company raised their price target on shares of Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 9th. StockNews.com assumed coverage on shares of Twilio in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Sanford C. Bernstein raised their price target on shares of Twilio from $58.00 to $68.00 in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has an average rating of “Hold” and an average price target of $71.64.

Twilio Price Performance

Shares of NYSE:TWLO opened at $64.62 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.14 and a current ratio of 6.14. The firm has a fifty day moving average price of $62.95 and a 200 day moving average price of $61.76. Twilio has a fifty-two week low of $41.00 and a fifty-two week high of $81.25. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of -9.76 and a beta of 1.34.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.24. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $984.52 million. Twilio had a negative net margin of 30.11% and a negative return on equity of 4.85%. As a group, sell-side analysts expect that Twilio will post -0.92 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Elena A. Donio sold 2,642 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $63.53, for a total value of $167,846.26. Following the sale, the insider now directly owns 435,681 shares in the company, valued at approximately $27,678,813.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Elena A. Donio sold 2,642 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $63.53, for a total value of $167,846.26. Following the completion of the transaction, the insider now directly owns 435,681 shares of the company’s stock, valued at approximately $27,678,813.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elena A. Donio sold 7,760 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $60.65, for a total transaction of $470,644.00. Following the transaction, the insider now directly owns 427,921 shares of the company’s stock, valued at $25,953,408.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,404 shares of company stock worth $2,390,869. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of institutional investors have recently bought and sold shares of TWLO. Capital Advisors Ltd. LLC raised its position in Twilio by 1,644.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 436 shares of the technology company’s stock worth $28,000 after buying an additional 411 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Twilio during the 1st quarter valued at approximately $32,000. Covestor Ltd increased its holdings in shares of Twilio by 419.5% during the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after purchasing an additional 172 shares in the last quarter. Quarry LP increased its holdings in shares of Twilio by 328.2% during the 2nd quarter. Quarry LP now owns 561 shares of the technology company’s stock valued at $36,000 after purchasing an additional 430 shares in the last quarter. Finally, Tradition Wealth Management LLC increased its holdings in shares of Twilio by 58.9% during the 1st quarter. Tradition Wealth Management LLC now owns 596 shares of the technology company’s stock valued at $40,000 after purchasing an additional 221 shares in the last quarter. 80.87% of the stock is owned by hedge funds and other institutional investors.

About Twilio

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.