Twilio (NYSE:TWLO) Research Coverage Started at KeyCorp

KeyCorp assumed coverage on shares of Twilio (NYSE:TWLO) in a report issued on Friday, MarketBeat reports. The brokerage issued an overweight rating and a $146.00 price objective on the technology company’s stock.

Several other analysts also recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Tigress Financial reaffirmed a “buy” rating and issued a $170.00 target price on shares of Twilio in a research note on Thursday, May 8th. JMP Securities reissued a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a research note on Tuesday, April 29th. Wall Street Zen cut Twilio from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th. Finally, Mizuho decreased their price objective on Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.35.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $121.86 on Friday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95. The stock has a market capitalization of $18.60 billion, a P/E ratio of -190.41, a P/E/G ratio of 4.30 and a beta of 1.30. The business has a 50-day moving average price of $101.65 and a two-hundred day moving average price of $110.39.

Twilio (NYSE:TWLO) last posted 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 negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. Twilio’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities analysts predict that Twilio will post 1.44 earnings per share for the current year.

Insider Activity

In related news, Director Erika Rottenberg sold 4,100 shares of Twilio stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the sale, the director now owns 33,488 shares of the company’s stock, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $1,332,467.45. Following the completion of the transaction, the chief executive officer now directly owns 280,589 shares in the company, valued at approximately $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 sold a total of 48,884 shares of company stock valued at $4,719,065 over the last three months. Insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Twilio

Institutional investors and hedge funds have recently made changes to their positions in the company. LRI Investments LLC bought a new stake in Twilio in the 1st quarter valued at $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Twilio in the first quarter valued at about $28,000. TCTC Holdings LLC increased its position in Twilio by 118.1% during the first quarter. TCTC Holdings LLC now owns 338 shares of the technology company’s stock worth $33,000 after acquiring an additional 183 shares during the period. Cloud Capital Management LLC acquired a new stake in Twilio in the 1st quarter worth about $34,000. Finally, JFS Wealth Advisors LLC boosted its holdings in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.