Twilio Inc. (NYSE:TWLO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Twilio Inc. (NYSE:TWLO) have been assigned an average rating of “Hold” from the nineteen research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $68.90.

TWLO has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price objective on Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 6th. The Goldman Sachs Group raised their price objective on Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Royal Bank of Canada restated an “underperform” rating and set a $50.00 price objective on shares of Twilio in a research note on Wednesday, March 6th. Stifel Nicolaus lowered their price objective on Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Finally, TD Cowen lowered their price objective on Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 6th.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the transaction, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Dana Wagner sold 458 shares of Twilio stock in a transaction dated 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 directly owns 171,744 shares of the company’s stock, valued at approximately $9,567,858.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the transaction, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The disclosure for this sale can be found here. Insiders have sold a total of 30,958 shares of company stock valued at $1,910,447 in the last 90 days. 4.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Synovus Financial Corp raised its position in shares of Twilio by 6.9% in the 3rd quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock worth $279,000 after acquiring an additional 306 shares in the last quarter. Pearl River Capital LLC increased its position in Twilio by 363.2% in the 3rd quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock valued at $1,793,000 after buying an additional 24,026 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Twilio by 10.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock valued at $69,372,000 after buying an additional 113,042 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in Twilio in the 3rd quarter valued at about $4,738,000. Finally, New York Life Investment Management LLC increased its position in Twilio by 70.9% in the 3rd quarter. New York Life Investment Management LLC now owns 22,119 shares of the technology company’s stock valued at $1,295,000 after buying an additional 9,180 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Price Performance

Shares of NYSE TWLO opened at $60.01 on Friday. The firm has a market cap of $10.86 billion, a P/E ratio of -10.83 and a beta of 1.35. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio has a 1-year low of $45.02 and a 1-year high of $78.16. The business’s 50 day moving average is $60.06 and its 200-day moving average is $63.98.

Twilio (NYSE:TWLO) last announced its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. Equities research analysts predict that Twilio will post -0.11 earnings per share for the current 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.