Twilio (NYSE:TWLO) Upgraded by StockNews.com to “Buy” Rating

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

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, February 14th. Mizuho raised their price target on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Barclays raised their price target on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Needham & Company LLC raised their price target on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Twilio currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

Twilio Trading Up 4.2 %

NYSE TWLO opened at $98.90 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of -154.53, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The company’s 50-day simple moving average is $122.22 and its two-hundred day simple moving average is $97.50. Twilio has a one year low of $52.51 and a one year high of $151.95.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Equities analysts forecast that Twilio will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares of the company’s stock, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,277 shares of company stock worth $2,441,324. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Several institutional investors have recently made changes to their positions in TWLO. True Wealth Design LLC increased its holdings in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in Twilio in the 4th quarter worth $44,000. Finally, Brooklyn Investment Group purchased a new stake in Twilio in the 3rd quarter worth $46,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.