Twilio Inc. (NYSE:TWLO) Receives $70.52 Consensus PT from Analysts

Twilio Inc. (NYSE:TWLO) has earned a consensus rating of “Hold” from the twenty-two research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $70.52.

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (up previously from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $71.00 target price on shares of Twilio in a research report on Monday, May 20th. Sanford C. Bernstein boosted their price target on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. Finally, Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $70.00 to $60.00 in a research note on Friday, June 14th.

Twilio Stock Up 0.6 %

Shares of NYSE TWLO opened at $62.76 on Thursday. The stock has a market capitalization of $10.74 billion, a P/E ratio of -15.65, a PEG ratio of 4.15 and a beta of 1.35. Twilio has a one year low of $49.86 and a one year high of $78.16. The firm’s 50 day simple moving average is $58.79 and its two-hundred day simple moving average is $59.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.23) earnings per share. As a group, analysts expect that Twilio will post 0.45 EPS for the current fiscal year.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the sale, the chief financial officer now owns 184,570 shares of the company’s stock, valued at $11,382,431.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the sale, the chief financial officer now directly owns 184,570 shares in the company, valued at $11,382,431.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dana Wagner sold 591 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the transaction, the insider now owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,687 shares of company stock valued at $4,082,924. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Twilio

A number of large investors have recently modified their holdings of TWLO. Tidal Investments LLC increased its holdings in Twilio by 2.3% during the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after buying an additional 166 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Twilio by 14.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after acquiring an additional 167 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Twilio by 1.8% during the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock worth $775,000 after purchasing an additional 185 shares during the last quarter. Fifth Third Bancorp boosted its position in Twilio by 29.0% during the first quarter. Fifth Third Bancorp now owns 841 shares of the technology company’s stock valued at $51,000 after purchasing an additional 189 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Twilio by 3.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock valued at $355,000 after purchasing an additional 201 shares during the last quarter. 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.