StockNews.com Lowers Twilio (NYSE:TWLO) to Hold

StockNews.com downgraded shares of Twilio (NYSE:TWLO) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Other analysts have also recently issued reports about the stock. Needham & Company LLC reaffirmed a buy rating and set a $71.00 target price on shares of Twilio in a report on Monday, May 20th. TD Cowen reduced their target price on shares of Twilio from $72.00 to $65.00 and set a market perform rating for the company in a report on Wednesday, March 6th. Wells Fargo & Company reduced their target price on shares of Twilio from $70.00 to $60.00 and set an equal weight rating for the company in a report on Wednesday, March 6th. Robert W. Baird reduced their target price on shares of Twilio from $70.00 to $65.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Finally, Stifel Nicolaus reduced their target price on shares of Twilio from $70.00 to $60.00 and set a hold rating for the company in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $69.20.

Twilio Stock Up 1.5 %

TWLO opened at $56.03 on Tuesday. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $58.55 and a 200-day moving average price of $63.87. Twilio has a twelve month low of $49.86 and a twelve month high of $78.16. The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of -14.00, a PEG ratio of 9.36 and a beta of 1.34.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.15. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Equities research analysts forecast that Twilio will post 0.18 earnings per share for the current year.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 4,130 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.14, for a total transaction of $256,638.20. Following the completion of the transaction, the insider now owns 167,614 shares in the company, valued at $10,415,533.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $57.00, for a total value of $1,405,449.00. Following the sale, the chief executive officer now owns 311,325 shares of the company’s stock, valued at $17,745,525. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 4,130 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.14, for a total transaction of $256,638.20. Following the completion of the sale, the insider now directly owns 167,614 shares in the company, valued at approximately $10,415,533.96. The disclosure for this sale can be found here. Insiders sold 52,349 shares of company stock worth $3,120,046 over the last 90 days. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Twilio

Hedge funds and other institutional investors have recently made changes to their positions in the company. Synovus Financial Corp raised its stake in shares of Twilio by 6.9% in the third quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $279,000 after acquiring an additional 306 shares during the period. Jacobs Levy Equity Management Inc. increased its stake 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 worth $69,372,000 after buying an additional 113,042 shares during the period. Hodges Capital Management Inc. purchased a new position in Twilio in the 3rd quarter worth about $4,738,000. Van ECK Associates Corp increased its stake in Twilio by 35.9% in the 4th quarter. Van ECK Associates Corp now owns 2,856 shares of the technology company’s stock worth $217,000 after buying an additional 754 shares during the period. Finally, Greenwood Capital Associates LLC purchased a new position in Twilio in the 4th quarter worth about $478,000. 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.