Twilio (NYSE:TWLO) Stock Rating Upgraded by Morgan Stanley

Twilio (NYSE:TWLO) was upgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, MarketBeat reports. The firm currently has a $160.00 price target on the technology company’s stock, up from their previous price target of $144.00. Morgan Stanley’s target price indicates a potential upside of 38.60% from the company’s previous close.

Several other analysts also recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Needham & Company LLC lifted their price target on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research note on Tuesday, January 21st. Monness Crespi & Hardt lifted their price target on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Tigress Financial lifted their price target on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.26.

Twilio Stock Performance

Shares of Twilio stock opened at $115.44 on Monday. The company has a market capitalization of $17.71 billion, a PE ratio of -180.38, a PEG ratio of 4.30 and a beta of 1.42. Twilio has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $122.33 and its 200 day simple moving average is $93.60.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, research analysts predict that Twilio will post 1.44 EPS for the current year.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the sale, the chief financial officer now owns 184,164 shares in the company, valued at $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,906 shares of company stock worth $2,950,514. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Institutional investors have recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its position in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $44,000. True Wealth Design LLC raised its position in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after buying an additional 360 shares in the last quarter. 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.