StockNews.com Downgrades Twilio (NYSE:TWLO) to Hold

Twilio (NYSE:TWLO) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

TWLO has been the topic of several other research reports. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. UBS Group boosted their price objective on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. Oppenheimer raised their target price on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Finally, Piper Sandler reissued an “overweight” rating and issued a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.35.

Twilio Stock Up 2.9 %

Shares of Twilio stock traded up $2.95 during trading on Monday, reaching $106.40. The company’s stock had a trading volume of 1,727,842 shares, compared to its average volume of 2,623,528. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a 50-day simple moving average of $121.29 and a two-hundred day simple moving average of $99.71. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $16.24 billion, a price-to-earnings ratio of -166.25, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. As a group, equities analysts forecast that Twilio will post 1.44 earnings per share for the current year.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the sale, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Twilio

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ritholtz Wealth Management purchased a new position in Twilio in the 4th quarter valued at $344,000. Bleakley Financial Group LLC acquired a new stake in shares of Twilio in the fourth quarter valued at about $230,000. Zacks Investment Management purchased a new position in shares of Twilio in the third quarter worth about $3,386,000. Aigen Investment Management LP boosted its position in Twilio by 81.6% during the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock worth $1,248,000 after acquiring an additional 5,188 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Twilio by 151.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company’s stock valued at $2,820,000 after acquiring an additional 26,062 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.