Twilio (NYSE:TWLO) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of Twilio (NYSE:TWLO) from a d rating to a c rating in a research report released on Monday, June 24th, TheStreetRatingsTable reports.

Several other equities research analysts have also recently issued reports on the company. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt reaffirmed a buy rating and issued a $175.00 price objective (up from $150.00) on shares of Twilio in a research note on Wednesday, May 1st. Morgan Stanley started coverage on Twilio in a research note on Friday, March 15th. They issued an equal weight rating and a $130.00 price objective for the company. Needham & Company LLC reiterated a buy rating and issued a $34.00 target price (up from $32.00) on shares of Kornit Digital in a report on Tuesday, June 18th. Finally, Piper Jaffray Companies lifted their price target on DexCom to $173.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $139.52.

Shares of NYSE TWLO traded up $0.12 during mid-day trading on Monday, reaching $145.98. 3,610,194 shares of the company were exchanged, compared to its average volume of 4,163,697. The business has a 50-day simple moving average of $139.70. Twilio has a 1 year low of $55.58 and a 1 year high of $151.00. The firm has a market capitalization of $18.28 billion, a PE ratio of -182.48 and a beta of 1.17. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.18.

Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, April 30th. The technology company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.40). The business had revenue of $233.00 million for the quarter, compared to analyst estimates of $223.45 million. Twilio had a negative net margin of 17.87% and a negative return on equity of 9.50%. The company’s quarterly revenue was up 80.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) earnings per share. Analysts anticipate that Twilio will post -1.4 earnings per share for the current year.

In other news, General Counsel Karyn Smith sold 1,972 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $128.22, for a total transaction of $252,849.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elena A. Donio sold 1,442 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $140.76, for a total transaction of $202,975.92. Following the sale, the director now directly owns 8,458 shares of the company’s stock, valued at $1,190,548.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,895 shares of company stock worth $18,700,737. Insiders own 10.85% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TWLO. Moors & Cabot Inc. boosted its stake in shares of Twilio by 13.7% in the 2nd quarter. Moors & Cabot Inc. now owns 4,810 shares of the technology company’s stock valued at $657,000 after purchasing an additional 580 shares in the last quarter. Nwam LLC bought a new stake in shares of Twilio in the 2nd quarter valued at $257,000. Oakbrook Investments LLC increased its stake in Twilio by 29.8% during the 2nd quarter. Oakbrook Investments LLC now owns 3,050 shares of the technology company’s stock valued at $416,000 after purchasing an additional 700 shares in the last quarter. Spearhead Capital Advisors LLC bought a new stake in Twilio during the 2nd quarter valued at $202,000. Finally, Fox Run Management L.L.C. purchased a new position in Twilio during the 2nd quarter worth $343,000. 73.03% of the stock is currently owned by institutional investors and hedge funds.

Twilio Company Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Analyst Recommendations for Twilio (NYSE:TWLO)

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