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

StockNews.com cut shares of Twilio (NYSE:TWLO) from a buy rating to a hold rating in a research report report published on Tuesday morning.

TWLO has been the topic of a number of other research reports. The Goldman Sachs Group increased their price objective on Twilio from $69.00 to $70.00 and gave the stock a neutral rating in a report on Wednesday, March 6th. Stifel Nicolaus decreased their target price on Twilio from $70.00 to $60.00 and set a hold rating on the stock in a research note on Wednesday, March 6th. Royal Bank of Canada restated an underperform rating and issued a $50.00 target price on shares of Twilio in a research note on Wednesday, March 6th. Morgan Stanley lowered Twilio from an overweight rating to an equal weight rating and decreased their target price for the stock from $70.00 to $60.00 in a research note on Friday, June 14th. Finally, Macquarie decreased their target price on Twilio from $69.00 to $63.00 and set a neutral rating on the stock in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $69.20.

Twilio Price Performance

Twilio stock opened at $56.03 on Tuesday. Twilio has a 52 week low of $49.86 and a 52 week high of $78.16. The company’s 50 day moving average price is $58.55 and its two-hundred day moving average price is $63.87. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. The stock has a market cap of $9.59 billion, a P/E ratio of -14.00, a P/E/G ratio of 9.36 and a beta of 1.34.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. On average, equities analysts predict that Twilio will post 0.18 earnings per share for the current year.

Insider Activity

In related news, insider Dana Wagner sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.14, for a total transaction of $256,638.20. Following the completion of the transaction, the insider now owns 167,614 shares of the company’s stock, valued at approximately $10,415,533.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Khozema Shipchandler sold 24,657 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the transaction, the chief executive officer now owns 311,325 shares of the company’s stock, valued at approximately $17,745,525. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.14, for a total value of $256,638.20. Following the transaction, the insider now directly owns 167,614 shares of the company’s stock, valued at approximately $10,415,533.96. The disclosure for this sale can be found here. Insiders sold a total of 52,349 shares of company stock worth $3,120,046 in the last quarter. 4.50% of the stock is owned by company insiders.

Institutional Trading of Twilio

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Securities Inc. bought a new stake in shares of Twilio in the 4th quarter worth $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 worth $26,000 after acquiring an additional 247 shares during the period. Activest Wealth Management grew its holdings in shares of Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after acquiring an additional 400 shares during the period. Westend Capital Management LLC purchased a new position in Twilio during the first quarter valued at $35,000. Finally, Blue Trust Inc. lifted its position in Twilio by 1,566.7% during the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after purchasing an additional 564 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Company Profile

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.