Twilio Inc. (TWLO) Cut to Hold at BidaskClub

BidaskClub cut shares of Twilio Inc. (NYSE:TWLO) from a buy rating to a hold rating in a research note published on Saturday, November 4th.

Several other brokerages have also recently weighed in on TWLO. Goldman Sachs Group, Inc. (The) reiterated a sell rating and set a $33.00 price target (up from $30.00) on shares of Twilio in a research report on Wednesday, August 9th. Drexel Hamilton reissued a buy rating and set a $47.00 price objective (up previously from $44.00) on shares of Twilio in a report on Wednesday, August 9th. Northland Securities reissued a buy rating and set a $36.00 price objective on shares of Twilio in a report on Friday, October 13th. Oppenheimer Holdings, Inc. reissued a buy rating and set a $38.00 price objective on shares of Twilio in a report on Monday, September 18th. Finally, KeyCorp reissued a hold rating on shares of Twilio in a report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $36.78.

Twilio (NYSE TWLO) traded up $0.22 on Friday, reaching $26.13. 1,229,100 shares of the company’s stock were exchanged, compared to its average volume of 2,779,691. Twilio has a 1 year low of $22.80 and a 1 year high of $37.85.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.12. Twilio had a negative return on equity of 17.55% and a negative net margin of 15.69%. The business had revenue of $100.54 million for the quarter, compared to analysts’ expectations of $92.50 million. During the same period in the previous year, the business posted ($0.04) EPS. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. sell-side analysts anticipate that Twilio will post -0.75 earnings per share for the current fiscal year.

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In other Twilio news, CFO Lee Kirkpatrick sold 7,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $25.38, for a total value of $177,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Karyn Smith sold 5,213 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $25.83, for a total value of $134,651.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,347 shares of company stock valued at $1,416,011.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its holdings in Twilio by 22.0% in the third quarter. Janney Montgomery Scott LLC now owns 13,340 shares of the technology company’s stock worth $398,000 after purchasing an additional 2,410 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Twilio by 73.3% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,746 shares of the technology company’s stock worth $262,000 after acquiring an additional 3,700 shares during the last quarter. AlphaStar Capital Management LLC purchased a new stake in shares of Twilio in the third quarter worth $276,000. Cubist Systematic Strategies LLC grew its stake in shares of Twilio by 432.1% in the third quarter. Cubist Systematic Strategies LLC now owns 31,818 shares of the technology company’s stock worth $950,000 after acquiring an additional 25,838 shares during the last quarter. Finally, Granahan Investment Management Inc. MA grew its stake in shares of Twilio by 17.7% in the third quarter. Granahan Investment Management Inc. MA now owns 69,587 shares of the technology company’s stock worth $2,077,000 after acquiring an additional 10,463 shares during the last quarter. Institutional investors and hedge funds own 59.51% of the company’s stock.

Twilio Company Profile

Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).

Analyst Recommendations for Twilio (NYSE:TWLO)

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