Twilio (NYSE:TWLO) Rating Increased 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 Sunday.

TWLO has been the topic of several other reports. Robert W. Baird cut their price target on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $71.00 target price on shares of Twilio in a research note on Monday, May 20th. Tigress Financial initiated coverage on shares of Twilio in a research note on Friday, June 28th. They set a “buy” rating and a $75.00 price objective on the stock. Sanford C. Bernstein dropped their price objective on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 8th. Finally, Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $70.00 to $60.00 in a research note on Friday, June 14th. 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. According to MarketBeat, Twilio has an average rating of “Hold” and an average target price of $69.38.

Twilio Trading Down 0.4 %

Shares of Twilio stock opened at $58.59 on Friday. The company has a market capitalization of $10.03 billion, a P/E ratio of -14.61, a P/E/G ratio of 8.22 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. The company has a fifty day moving average of $57.10 and a 200 day moving average of $61.16. Twilio has a fifty-two week low of $49.86 and a fifty-two week high of $78.16.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate 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%. On average, sell-side analysts anticipate that Twilio will post 0.22 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In other Twilio news, 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 transaction of $46,133.20. Following the transaction, the insider now directly owns 159,317 shares of the company’s stock, valued at $8,963,174.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Aidan Viggiano sold 956 shares of Twilio stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $58,975.64. Following the completion of the transaction, the chief financial officer now owns 228,506 shares in the company, valued at $14,096,535.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 820 shares of Twilio 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 transaction, the insider now owns 159,317 shares of the company’s stock, valued at approximately $8,963,174.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,967 shares of company stock valued at $3,796,221. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in Twilio by 1,566.7% during the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after acquiring an additional 564 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Twilio in the 4th quarter valued at $49,000. Miracle Mile Advisors LLC boosted its holdings in shares of Twilio by 11.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 9,916 shares of the technology company’s stock valued at $752,000 after buying an additional 1,000 shares in the last quarter. Oak Thistle LLC boosted its holdings in shares of Twilio by 52.4% in the 4th quarter. Oak Thistle LLC now owns 12,953 shares of the technology company’s stock valued at $983,000 after buying an additional 4,452 shares in the last quarter. Finally, State of Michigan Retirement System acquired a new position in shares of Twilio in the 4th quarter valued at $288,000. Institutional investors and hedge funds 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.