Twilio Inc. (NYSE:TWLO) Given Consensus Rating of “Hold” by Brokerages

Twilio Inc. (NYSE:TWLO) has received a consensus rating of “Hold” from the twenty-two ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $71.00.

A number of research analysts recently issued reports on the stock. Piper Sandler restated an “overweight” rating and set a $83.00 target price (up from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Sanford C. Bernstein boosted their target price on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Oppenheimer boosted their target price on shares of Twilio from $65.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday. Wells Fargo & Company boosted their target price on shares of Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the transaction, the insider now directly owns 146,803 shares in the company, valued at approximately $10,276,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Twilio news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the transaction, the insider now directly owns 146,803 shares in the company, valued at $10,276,210. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,931 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction of $119,084.77. Following the completion of the transaction, the chief financial officer now owns 184,570 shares in the company, valued at $11,382,431.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Twilio

Several large investors have recently made changes to their positions in TWLO. AQR Capital Management LLC lifted its holdings in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after acquiring an additional 1,006,391 shares during the last quarter. Kodai Capital Management LP lifted its holdings in shares of Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after acquiring an additional 761,356 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after acquiring an additional 531,075 shares during the last quarter. Goldentree Asset Management LP purchased a new stake in Twilio during the 1st quarter worth approximately $31,745,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after buying an additional 398,872 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Trading Up 0.9 %

NYSE:TWLO opened at $71.22 on Friday. Twilio has a 12 month low of $49.86 and a 12 month high of $78.16. The firm has a fifty day simple moving average of $63.87 and a 200-day simple moving average of $60.47. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $12.19 billion, a P/E ratio of -17.77, a PEG ratio of 4.02 and a beta of 1.35.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted ($0.23) earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Twilio will post 0.54 earnings per share for the current year.

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.