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

StockNews.com upgraded shares of Twilio (NYSE:TWLO) from a hold rating to a buy rating in a research note published on Friday morning.

Several other research analysts have also recently issued reports on the stock. Oppenheimer reiterated an outperform rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, April 17th. Robert W. Baird lowered their price target on Twilio from $70.00 to $65.00 and set a neutral rating on the stock in a research report on Wednesday, May 8th. Morgan Stanley cut Twilio from an overweight rating to an equal weight rating and decreased their target price for the company from $70.00 to $60.00 in a research note on Friday, June 14th. Macquarie dropped their price target on shares of Twilio from $69.00 to $63.00 and set a neutral rating on the stock in a research report on Wednesday, May 8th. Finally, Needham & Company LLC restated a buy rating and set a $71.00 price objective on shares of Twilio in a research report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $69.38.

Twilio Stock Up 1.5 %

Shares of Twilio stock opened at $57.87 on Friday. Twilio has a 1-year low of $49.86 and a 1-year high of $78.16. The company has a market capitalization of $9.91 billion, a P/E ratio of -14.43, a PEG ratio of 8.08 and a beta of 1.35. The business’s fifty day moving average price is $57.74 and its two-hundred day moving average price is $62.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. As a group, research analysts forecast that Twilio will post 0.22 EPS for the current year.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 820 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $56.26, for a total transaction of $46,133.20. Following the completion of the sale, the insider now directly owns 159,317 shares in the company, valued at $8,963,174.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 24,657 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $57.00, for a total value of $1,405,449.00. Following the transaction, the chief executive officer now directly owns 311,325 shares of the company’s stock, valued at approximately $17,745,525. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 820 shares of Twilio stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $46,133.20. Following the sale, the insider now owns 159,317 shares of the company’s stock, valued at $8,963,174.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,967 shares of company stock valued at $3,796,221. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of institutional investors have recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new stake in shares of Twilio during the 4th quarter worth about $25,000. Activest Wealth Management boosted its position in Twilio by 327.9% during the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Westend Capital Management LLC acquired a new position in Twilio during the first quarter valued at approximately $35,000. GAMMA Investing LLC lifted its stake in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. Finally, Lynx Investment Advisory bought a new stake in shares of Twilio during the 2nd quarter worth $45,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.