Twilio Inc. (NYSE:TWLO) Receives Average Recommendation of “Hold” from Brokerages

Twilio Inc. (NYSE:TWLO) has been assigned an average rating of “Hold” from the twenty-three research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $91.22.

Several brokerages have commented on TWLO. Robert W. Baird raised their price target on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Piper Sandler boosted their target price on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Mizuho increased their price target on Twilio from $70.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus boosted their price objective on Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company lifted their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. This represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in Twilio by 0.8% in the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after acquiring an additional 77,436 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares during the period. Geode Capital Management LLC increased its holdings in shares of Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Twilio by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after purchasing an additional 224,040 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in Twilio by 30.4% during the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after buying an additional 311,481 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 3.7 %

NYSE TWLO opened at $113.09 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of -44.00, a PEG ratio of 3.26 and a beta of 1.38. The firm has a 50 day simple moving average of $101.55 and a 200-day simple moving average of $75.55. Twilio has a one year low of $52.51 and a one year high of $116.43.

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.