Twilio’s (TWLO) Outperform Rating Reaffirmed at Oppenheimer

Twilio (NYSE:TWLO)‘s stock had its “outperform” rating reaffirmed by investment analysts at Oppenheimer in a report issued on Wednesday, Benzinga reports. They presently have a $75.00 price objective on the technology company’s stock. Oppenheimer’s price objective would indicate a potential upside of 26.93% from the stock’s current price.

A number of other brokerages have also issued reports on TWLO. Stifel Nicolaus cut their price target on shares of Twilio from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. TD Cowen cut their price target on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, March 6th. Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 price target on shares of Twilio in a report on Wednesday, March 6th. The Goldman Sachs Group raised their price target on shares of Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Finally, StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $68.90.

Twilio Trading Down 0.1 %

Shares of TWLO stock traded down $0.08 on Wednesday, hitting $59.09. 1,092,347 shares of the company’s stock traded hands, compared to its average volume of 3,341,636. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. Twilio has a one year low of $45.02 and a one year high of $78.16. The company’s fifty day simple moving average is $61.48 and its 200 day simple moving average is $63.95. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of -10.69 and a beta of 1.35.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Equities analysts forecast that Twilio will post -0.11 EPS for the current year.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Dana Wagner sold 841 shares of Twilio stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $61.43, for a total value of $51,662.63. Following the completion of the sale, the insider now directly owns 166,773 shares in the company, valued at $10,244,865.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the sale, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock valued at $1,910,447 in the last three months. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Twilio

A number of large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC grew its position in Twilio by 39.9% during the first quarter. Acadian Asset Management LLC now owns 1,178 shares of the technology company’s stock valued at $192,000 after buying an additional 336 shares during the period. MetLife Investment Management LLC bought a new position in shares of Twilio in the first quarter worth approximately $894,000. Panagora Asset Management Inc. boosted its position in shares of Twilio by 29.1% in the first quarter. Panagora Asset Management Inc. now owns 2,788 shares of the technology company’s stock worth $459,000 after purchasing an additional 629 shares during the period. Synovus Financial Corp boosted its position in shares of Twilio by 57.9% in the first quarter. Synovus Financial Corp now owns 4,959 shares of the technology company’s stock worth $817,000 after purchasing an additional 1,818 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Twilio by 22.4% in the first quarter. Dimensional Fund Advisors LP now owns 265,429 shares of the technology company’s stock worth $43,765,000 after purchasing an additional 48,552 shares during the period. 84.27% of the stock is currently owned by 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.