StockNews.com Downgrades Twilio (NYSE:TWLO) to Hold

StockNews.com lowered shares of Twilio (NYSE:TWLO) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

A number of other analysts have also recently commented on TWLO. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. Oppenheimer increased their price objective on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Tigress Financial lifted their target price on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Stifel Nicolaus raised their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC increased their price objective on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Twilio Price Performance

Shares of TWLO stock opened at $86.81 on Friday. The stock’s 50-day moving average is $109.84 and its 200 day moving average is $103.01. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The company has a market cap of $13.25 billion, a P/E ratio of -135.64, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Research analysts predict that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction dated Friday, February 21st. The shares were 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 directly owns 184,164 shares in the company, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock worth $2,344,149 in the last 90 days. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Several hedge funds have recently bought and sold shares of the company. M&T Bank Corp increased its stake in Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock worth $943,000 after purchasing an additional 85 shares during the period. Allworth Financial LP increased its stake in Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after buying an additional 94 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after buying an additional 104 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 112 shares in the last quarter. Finally, Freestone Capital Holdings LLC increased its position in shares of Twilio by 3.3% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock worth $423,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds 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.