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

Twilio (NYSE:TWLO) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts also recently commented on TWLO. Jefferies Financial Group dropped their price objective on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Macquarie reduced their price target on Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Wednesday. JMP Securities restated a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research note on Thursday, February 15th. Royal Bank of Canada restated an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group raised their price target on shares of Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Two investment 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 data from MarketBeat, the company has an average rating of “Hold” and an average target price of $68.59.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $0.85 during midday trading on Thursday, reaching $59.47. The company had a trading volume of 3,823,024 shares, compared to its average volume of 3,234,963. Twilio has a 52-week low of $45.02 and a 52-week high of $78.16. The company’s 50 day moving average price is $60.69 and its 200 day moving average price is $64.30. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. The stock has a market cap of $10.83 billion, a P/E ratio of -14.83 and a beta of 1.33.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.04 billion. As a group, sell-side analysts anticipate that Twilio will post -0.11 EPS for the current fiscal year.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 1,694 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value 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 approximately $10,529,034.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction on Thursday, February 15th. The shares were 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 approximately $10,529,034.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dana Wagner sold 1,666 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $62.92, for a total transaction of $104,824.72. Following the transaction, the insider now directly owns 130,456 shares of the company’s stock, valued at $8,208,291.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,958 shares of company stock valued at $1,910,447. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TWLO. Synovus Financial Corp raised its holdings in Twilio by 6.9% in the third quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock worth $279,000 after purchasing an additional 306 shares in the last quarter. Pearl River Capital LLC lifted its holdings in shares of Twilio by 363.2% during the third quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company’s stock valued at $1,793,000 after purchasing an additional 24,026 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Twilio by 10.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock worth $69,372,000 after purchasing an additional 113,042 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in Twilio during the third quarter valued at $4,738,000. Finally, New York Life Investment Management LLC boosted its holdings in Twilio by 70.9% in the third quarter. New York Life Investment Management LLC now owns 22,119 shares of the technology company’s stock worth $1,295,000 after acquiring an additional 9,180 shares in the last quarter. 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.