Twilio (NYSE:TWLO) Receives “Outperform” Rating from Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Twilio (NYSE:TWLO) in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a $75.00 price objective on the technology company’s stock.

Several other equities analysts have also recently issued reports on TWLO. Robert W. Baird boosted their target price on shares of Twilio from $65.00 to $70.00 and gave the company a neutral rating in a research note on Thursday, February 15th. UBS Group decreased their target price on shares of Twilio from $82.00 to $74.00 and set a buy rating for the company in a research note on Wednesday, March 6th. Wells Fargo & Company decreased their target price on shares of Twilio from $70.00 to $60.00 and set an equal weight rating for the company in a research note on Wednesday, March 6th. StockNews.com cut shares of Twilio from a buy rating to a hold rating in a research note on Wednesday, March 6th. Finally, TD Cowen decreased their target price on shares of Twilio from $72.00 to $65.00 and set a market perform rating for the company in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Twilio presently has an average rating of Hold and an average price target of $68.90.

Twilio Stock Down 0.7 %

TWLO stock opened at $58.73 on Wednesday. The firm’s fifty day simple moving average is $61.26 and its 200-day simple moving average is $63.92. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio has a 12 month low of $45.02 and a 12 month high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.17. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. Equities analysts anticipate that Twilio will post -0.11 EPS for the current year.

Insider Activity

In other news, insider Dana Wagner sold 1,666 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the sale, the insider now directly owns 130,456 shares in the company, valued at $8,208,291.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Aidan Viggiano sold 3,375 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $60.79, for a total value of $205,166.25. Following the completion of the sale, the chief financial officer now owns 231,036 shares of the company’s stock, valued at $14,044,678.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 1,666 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $62.92, for a total transaction of $104,824.72. Following the completion of the sale, the insider now directly owns 130,456 shares of the company’s stock, valued at approximately $8,208,291.52. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock worth $1,910,447 over the last three months. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Twilio

Hedge funds have recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of Twilio by 419.5% in the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after purchasing an additional 172 shares during the period. Principal Securities Inc. purchased a new stake in shares of Twilio in the fourth quarter valued at about $25,000. Truvestments Capital LLC grew its holdings in shares of Twilio by 123.5% in the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after purchasing an additional 247 shares during the period. Optimum Investment Advisors grew its holdings in shares of Twilio by 68.3% in the third quarter. Optimum Investment Advisors now owns 505 shares of the technology company’s stock valued at $30,000 after purchasing an additional 205 shares during the period. Finally, RVW Wealth LLC purchased a new position in Twilio during the third quarter worth about $30,000. 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.