Twilio (NYSE:TWLO) Now Covered by Analysts at Tigress Financial

Research analysts at Tigress Financial began coverage on shares of Twilio (NYSE:TWLO) in a research note issued to investors on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $75.00 price target on the technology company’s stock. Tigress Financial’s target price would suggest a potential upside of 34.29% from the company’s current price.

Several other research firms have also weighed in on TWLO. Macquarie lowered their target price on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Needham & Company LLC restated a “buy” rating and set a $71.00 target price on shares of Twilio in a research report on Monday, May 20th. UBS Group cut their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a research 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 research report on Wednesday, March 6th. Finally, Canaccord Genuity Group dropped their target price on shares of Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.48.

Twilio Stock Performance

NYSE:TWLO traded down $0.14 during trading hours on Friday, hitting $55.85. 153,888 shares of the company traded hands, compared to its average volume of 3,025,049. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of -13.93, a P/E/G ratio of 9.32 and a beta of 1.34. Twilio has a twelve month low of $49.86 and a twelve month high of $78.16. The firm has a 50-day moving average of $58.55 and a 200 day moving average of $63.87. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last released its earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.15. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. On average, analysts forecast that Twilio will post 0.18 EPS for the current year.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the transaction, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the transaction, the chief executive officer now directly owns 335,982 shares in the company, valued at approximately $20,874,561.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Dana Wagner sold 796 shares of Twilio stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total value of $49,105.24. Following the completion of the sale, the insider now owns 164,374 shares in the company, valued at $10,140,232.06. The disclosure for this sale can be found here. Insiders have sold a total of 52,349 shares of company stock valued at $3,120,046 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its stake in Twilio by 1.1% during the third quarter. Invesco Ltd. now owns 192,951 shares of the technology company’s stock valued at $11,293,000 after buying an additional 2,009 shares during the last quarter. LPL Financial LLC raised its stake in shares of Twilio by 1.8% in the third quarter. LPL Financial LLC now owns 122,846 shares of the technology company’s stock worth $7,190,000 after purchasing an additional 2,149 shares during the last quarter. Mariner LLC raised its stake in shares of Twilio by 7.8% in the third quarter. Mariner LLC now owns 44,265 shares of the technology company’s stock worth $2,591,000 after purchasing an additional 3,212 shares during the last quarter. Northern Trust Corp raised its stake in shares of Twilio by 3.2% in the third quarter. Northern Trust Corp now owns 1,254,309 shares of the technology company’s stock worth $73,415,000 after purchasing an additional 38,776 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in shares of 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 during the last quarter. 84.27% of the stock is currently owned by institutional investors.

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.