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

Twilio Inc. (NYSE:TWLO) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, sixteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $125.35.

A number of research firms have commented on TWLO. The Goldman Sachs Group lifted their target price on shares of Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. HSBC raised Twilio from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $77.00 to $99.00 in a research note on Monday, May 5th. Wells Fargo & Company dropped their price objective on Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Robert W. Baird reduced their target price on Twilio from $160.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Finally, Jefferies Financial Group decreased their target price on Twilio from $145.00 to $108.00 and set a “hold” rating for the company in a research report on Monday, April 28th.

Twilio Trading Up 0.9%

TWLO stock opened at $121.86 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a market cap of $18.60 billion, a P/E ratio of -190.41, a PEG ratio of 4.30 and a beta of 1.44. The business has a fifty day moving average of $101.65 and a 200-day moving average of $110.25.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.22. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. As a group, equities research analysts expect that Twilio will post 1.44 EPS for the current year.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 14,545 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was 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 in the company, valued at $25,704,758.29. This trade represents a 4.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the sale, the director now owns 33,488 shares in the company, valued at $4,019,564.64. The trade was a 10.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,884 shares of company stock worth $4,719,065. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jericho Capital Asset Management L.P. grew its position in shares of Twilio by 17.7% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,280,363 shares of the technology company’s stock valued at $321,180,000 after acquiring an additional 493,000 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in Twilio by 36.4% during the first quarter. Alyeska Investment Group L.P. now owns 2,071,826 shares of the technology company’s stock worth $202,852,000 after purchasing an additional 553,043 shares during the period. Norges Bank acquired a new position in Twilio during the fourth quarter worth approximately $222,146,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Twilio by 19.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,920,443 shares of the technology company’s stock valued at $188,031,000 after buying an additional 318,015 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.