Twilio (NYSE:TWLO) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Twilio (NYSE:TWLO) from a buy rating to a hold rating in a research note released on Friday.

A number of other equities analysts have also recently weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Monness Crespi & Hardt upped their target price on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday, January 27th. UBS Group upped their price target on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price target on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Scotiabank increased their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.26.

Twilio Stock Up 2.3 %

Shares of NYSE TWLO opened at $119.91 on Friday. Twilio has a 52 week low of $52.51 and a 52 week high of $151.95. The business has a 50-day simple moving average of $123.07 and a two-hundred day simple moving average of $94.36. 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 $18.39 billion, a P/E ratio of -187.36, a P/E/G ratio of 4.30 and a beta of 1.43.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate 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. Research analysts anticipate that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,906 shares of company stock valued at $2,950,514 over the last quarter. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Twilio

Several institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its holdings in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in Twilio during the 4th quarter valued at $44,000. Finally, Brooklyn Investment Group bought a new stake in Twilio during the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.