Oppenheimer Reiterates “Outperform” Rating for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO)‘s stock had its “outperform” rating reaffirmed by analysts at Oppenheimer in a research report issued on Wednesday, Benzinga reports. They currently have a $75.00 price objective on the technology company’s stock. Oppenheimer’s target price points to a potential upside of 28.40% from the company’s current price.

TWLO has been the subject of a number of other research reports. HSBC lowered Twilio from a “hold” rating to a “reduce” rating and reduced their target price for the stock from $62.00 to $61.00 in a research note on Wednesday, February 14th. Stifel Nicolaus reduced their target price on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. TD Cowen reduced their target price on Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. Robert W. Baird lifted their price objective on Twilio from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Twilio currently has an average rating of “Hold” and an average price target of $68.90.

Twilio Stock Down 0.6 %

Twilio stock opened at $58.41 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of -10.54 and a beta of 1.35. Twilio has a 1-year low of $45.02 and a 1-year high of $78.16. The business has a fifty day moving average price of $61.02 and a 200-day moving average price of $63.88.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. Equities research analysts forecast that Twilio will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the sale, the chief executive officer now directly owns 335,982 shares in the company, valued at approximately $20,874,561.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Khozema Shipchandler sold 10,961 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the transaction, the chief executive officer now directly owns 335,982 shares in the company, valued at approximately $20,874,561.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,694 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the transaction, the chief financial officer now owns 167,101 shares in the company, valued at $10,529,034.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,958 shares of company stock worth $1,910,447. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Twilio by 25.6% in the first quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company’s stock valued at $2,162,627,000 after acquiring an additional 2,678,049 shares during the last quarter. Norges Bank acquired a new position in Twilio in the fourth quarter valued at approximately $179,739,000. Kodai Capital Management LP acquired a new position in Twilio in the fourth quarter valued at approximately $82,558,000. Contrarius Investment Management Ltd acquired a new position in Twilio in the fourth quarter valued at approximately $80,043,000. Finally, Renaissance Technologies LLC raised its position in Twilio by 631.0% in the first quarter. Renaissance Technologies LLC now owns 1,163,695 shares of the technology company’s stock valued at $191,789,000 after purchasing an additional 1,004,500 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.