KeyCorp Upgrades Twilio (NYSE:TWLO) to Strong-Buy

Twilio (NYSE:TWLO) was upgraded by KeyCorp to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms also recently weighed in on TWLO. Wall Street Zen downgraded Twilio from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th. The Goldman Sachs Group upped their price objective on Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price objective on Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. JMP Securities reiterated a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a research note on Tuesday, April 29th. Finally, HSBC upgraded Twilio from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $77.00 to $99.00 in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.35.

Twilio Price Performance

Shares of TWLO opened at $121.86 on Thursday. 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 $101.65 and a 200 day simple moving average of $110.25. Twilio has a 52-week low of $52.51 and a 52-week high of $151.95. The firm has a market capitalization of $18.60 billion, a PE ratio of -190.41, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The business’s revenue was up 12.0% on a year-over-year basis. Sell-side analysts predict that Twilio will post 1.44 EPS for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 8,735 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $800,213.35. Following the completion of the transaction, the chief financial officer now directly owns 167,905 shares in the company, valued at approximately $15,381,777.05. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 14,545 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $1,332,467.45. Following the completion of the transaction, the chief executive officer now owns 280,589 shares of the company’s stock, valued at $25,704,758.29. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock valued at $4,719,065 over the last ninety days. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Twilio

Several large investors have recently bought and sold shares of the company. M&T Bank Corp raised its position in Twilio by 1.0% in the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock valued at $943,000 after purchasing an additional 85 shares during the last quarter. Allworth Financial LP raised its position in Twilio by 6.9% in the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after purchasing an additional 94 shares during the last quarter. Woodward Diversified Capital LLC raised its position in Twilio by 1.5% in the first quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company’s stock valued at $701,000 after purchasing an additional 103 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of Twilio by 10.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after acquiring an additional 104 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of Twilio by 1.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,430 shares of the technology company’s stock worth $825,000 after acquiring an additional 114 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.