Twilio (NYSE:TWLO) Cut to “Hold” at StockNews.com

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

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Twilio from $76.00 to $78.00 and gave the company an overweight rating in a research note on Friday, August 2nd. Barclays cut their price objective on Twilio from $70.00 to $65.00 and set an equal weight rating on the stock in a research note on Monday, August 5th. Canaccord Genuity Group cut their price objective on Twilio from $90.00 to $85.00 and set a buy rating on the stock in a research note on Wednesday, May 8th. Piper Sandler restated an overweight rating and set a $83.00 price objective (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Finally, Sanford C. Bernstein upped their price objective on Twilio from $68.00 to $70.00 and gave the company a market perform rating in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $70.52.

Twilio Trading Down 5.3 %

NYSE:TWLO opened at $58.10 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. Twilio has a one year low of $49.86 and a one year high of $78.16. The business’s 50-day simple moving average is $59.31 and its 200 day simple moving average is $59.28. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of -14.49, a price-to-earnings-growth ratio of 3.46 and a beta of 1.35.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Twilio will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 11,241 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.29, for a total value of $632,755.89. Following the completion of the transaction, the chief executive officer now directly owns 300,084 shares of the company’s stock, valued at approximately $16,891,728.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Twilio news, insider Dana Wagner sold 591 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the transaction, the insider now directly owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 11,241 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.29, for a total value of $632,755.89. Following the transaction, the chief executive officer now directly owns 300,084 shares of the company’s stock, valued at $16,891,728.36. The disclosure for this sale can be found here. Insiders sold 47,030 shares of company stock valued at $2,677,475 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Twilio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. Vanguard Group Inc. lifted its position in shares of Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after acquiring an additional 140,791 shares during the last quarter. Norges Bank acquired a new stake in shares of Twilio during the 4th quarter valued at $179,739,000. Dimensional Fund Advisors LP lifted its position in shares of Twilio by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after acquiring an additional 224,040 shares during the last quarter. Kodai Capital Management LP lifted its position in shares of Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after acquiring an additional 761,356 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after acquiring an additional 311,481 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

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.