Twilio (NYSE:TWLO) Raised to Buy at StockNews.com

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

A number of other equities research analysts also recently issued reports on TWLO. Barclays reduced their price target on shares of Twilio from $70.00 to $65.00 and set an equal weight rating on the stock in a research note on Monday, August 5th. Morgan Stanley downgraded shares of Twilio from an overweight rating to an equal weight rating and reduced their price target for the company from $70.00 to $60.00 in a research note on Friday, June 14th. Sanford C. Bernstein boosted their price target on shares of Twilio from $68.00 to $70.00 and gave the company a market perform rating in a research note on Tuesday, August 27th. Needham & Company LLC reaffirmed a buy rating and set a $71.00 target price on shares of Twilio in a research note on Monday, May 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Twilio from $76.00 to $78.00 and gave the stock an overweight rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $70.52.

Twilio Stock Performance

TWLO opened at $60.30 on Friday. The firm has a market capitalization of $9.68 billion, a PE ratio of -15.04, a PEG ratio of 3.37 and a beta of 1.35. Twilio has a twelve month low of $49.86 and a twelve month high of $78.16. The firm’s 50-day moving average price is $59.56 and its 200 day moving average price is $59.35. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

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

Insider Activity

In related news, insider Dana Wagner sold 820 shares of the stock in a transaction 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 owns 159,317 shares in the company, valued at approximately $8,963,174.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Dana Wagner sold 820 shares of the stock in a transaction 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 owns 159,317 shares in the company, valued at approximately $8,963,174.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,797 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.33, for a total transaction of $382,875.01. Following the sale, the chief financial officer now owns 195,048 shares of the company’s stock, valued at approximately $10,987,053.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,030 shares of company stock worth $2,677,475. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of large investors have recently made changes to their positions in the stock. Tidal Investments LLC increased its holdings in shares of Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after purchasing an additional 166 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Twilio by 14.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock valued at $102,000 after purchasing an additional 167 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in Twilio by 3.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock valued at $355,000 after acquiring an additional 201 shares in the last quarter. Arizona State Retirement System increased its holdings in Twilio by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after acquiring an additional 205 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in Twilio by 0.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock valued at $3,413,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

About Twilio

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.