HSBC Initiates Coverage on Twilio (NYSE:TWLO)

HSBC assumed coverage on shares of Twilio (NYSE:TWLO) in a report released on Friday, MarketBeat reports. The brokerage issued a hold rating and a $67.00 price objective on the technology company’s stock.

Other research analysts have also issued research reports about the company. Sanford C. Bernstein raised their price objective on Twilio from $58.00 to $68.00 in a research report on Wednesday, August 9th. Royal Bank of Canada downgraded Twilio from a sector perform rating to an underperform rating and decreased their price objective for the company from $55.00 to $50.00 in a research report on Monday, July 24th. Wells Fargo & Company increased their price target on Twilio from $60.00 to $65.00 and gave the stock an equal weight rating in a report on Wednesday, August 9th. Morgan Stanley increased their price objective on Twilio from $65.00 to $75.00 and gave the stock an overweight rating in a research note on Wednesday, July 19th. Finally, Piper Sandler dropped their target price on Twilio from $71.00 to $68.00 in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Twilio has a consensus rating of Hold and a consensus target price of $70.12.

Twilio Trading Down 3.0 %

NYSE TWLO opened at $60.84 on Friday. The company has a market cap of $11.02 billion, a price-to-earnings ratio of -9.19 and a beta of 1.34. Twilio has a 52 week low of $41.00 and a 52 week high of $79.70. The business has a 50 day moving average price of $62.95 and a 200-day moving average price of $61.69. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 0.10.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.24. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $984.52 million. Twilio had a negative return on equity of 4.85% and a negative net margin of 30.11%. As a group, equities analysts expect that Twilio will post -0.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Elena A. Donio sold 3,807 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $57.50, for a total transaction of $218,902.50. Following the completion of the transaction, the insider now directly owns 424,114 shares of the company’s stock, valued at $24,386,555. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Twilio news, insider Elena A. Donio sold 3,807 shares of Twilio stock in a transaction on Friday, August 18th. The shares were sold at an average price of $57.50, for a total value of $218,902.50. Following the transaction, the insider now owns 424,114 shares in the company, valued at approximately $24,386,555. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 7,062 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $64.35, for a total transaction of $454,439.70. Following the completion of the transaction, the insider now directly owns 144,560 shares in the company, valued at approximately $9,302,436. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,404 shares of company stock worth $2,390,869. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of large investors have recently made changes to their positions in the company. SWS Partners raised its holdings in shares of Twilio by 14.1% during the second quarter. SWS Partners now owns 42,247 shares of the technology company’s stock valued at $2,686,000 after acquiring an additional 5,227 shares during the period. GTS Securities LLC purchased a new position in Twilio during the second quarter valued at approximately $2,846,000. Alliancebernstein L.P. grew its position in Twilio by 27.4% during the second quarter. Alliancebernstein L.P. now owns 278,200 shares of the technology company’s stock valued at $17,699,000 after purchasing an additional 59,782 shares in the last quarter. Equitable Holdings Inc. purchased a new position in Twilio during the second quarter valued at approximately $253,000. Finally, Fairfield Bush & CO. purchased a new position in Twilio during the second quarter valued at approximately $289,000. Institutional investors and hedge funds own 80.87% of the company’s stock.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.