Twilio Inc. (NYSE:TWLO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Twilio Inc. (NYSE:TWLO) have been given an average rating of “Moderate Buy” by the twenty-five analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $134.26.

A number of brokerages have issued reports on TWLO. Piper Sandler reissued an “overweight” rating and issued a $142.00 target price (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. Tigress Financial lifted their price target on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Jefferies Financial Group lifted their price target on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a report on Friday, February 14th. Oppenheimer lifted their price target on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and lifted their price target for the company from $77.00 to $185.00 in a report on Monday, January 27th.

Twilio Stock Up 4.2 %

NYSE:TWLO opened at $98.90 on Monday. 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 stock has a 50-day simple moving average of $122.22 and a 200 day simple moving average of $98.00. Twilio has a one year low of $52.51 and a one year high of $151.95. 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.

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

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value 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 represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock valued at $2,441,324 in the last three months. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Twilio

A number of hedge funds have recently modified their holdings of TWLO. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Twilio by 0.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 375,762 shares of the technology company’s stock worth $24,507,000 after acquiring an additional 3,238 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Twilio by 41.8% in the third quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company’s stock worth $2,537,000 after purchasing an additional 11,472 shares in the last quarter. KBC Group NV boosted its holdings in Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after purchasing an additional 9,140 shares in the last quarter. Huntington National Bank boosted its holdings in Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares in the last quarter. Finally, Metis Global Partners LLC boosted its holdings in Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after purchasing an additional 182 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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.