Twilio (NYSE:TWLO) Stock Rating Upgraded by StockNews.com

Twilio (NYSE:TWLO) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities research analysts have also recently issued reports on TWLO. JPMorgan Chase & Co. upped their target price on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $71.00 target price on shares of Twilio in a report on Monday, May 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Tigress Financial upped their price target on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Barclays decreased their price target on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $70.52.

Twilio Trading Up 0.5 %

TWLO opened at $59.46 on Friday. The stock has a market capitalization of $9.55 billion, a P/E ratio of -14.83, a P/E/G ratio of 3.37 and a beta of 1.35. Twilio has a 12 month low of $49.86 and a 12 month high of $78.16. The firm’s fifty day simple moving average is $59.50 and its 200 day simple moving average is $59.35. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted ($0.23) EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Twilio will post 0.54 EPS for the current fiscal year.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 11,241 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the completion of the transaction, the chief executive officer now owns 300,084 shares of the company’s stock, valued at $16,891,728.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Dana Wagner sold 820 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $56.26, for a total transaction of $46,133.20. Following the completion of the sale, the insider now directly owns 159,317 shares in the company, valued at $8,963,174.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 11,241 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.29, for a total transaction of $632,755.89. Following the sale, the chief executive officer now owns 300,084 shares of the company’s stock, valued at $16,891,728.36. The disclosure for this sale can be found here. Insiders sold a total of 47,030 shares of company stock valued at $2,677,475 in the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Twilio in the fourth quarter worth $179,739,000. Kodai Capital Management LP acquired a new position in shares of Twilio during the fourth quarter valued at about $82,558,000. Contrarius Investment Management Ltd acquired a new position in shares of Twilio during the fourth quarter valued at about $80,043,000. AQR Capital Management LLC grew its holdings in shares of Twilio by 736.9% during the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after buying an additional 1,006,391 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Twilio by 286.3% during the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after buying an additional 531,075 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.