Piper Sandler Reaffirms Overweight Rating for Twilio (NYSE:TWLO)

Piper Sandler restated their overweight rating on shares of Twilio (NYSE:TWLO) in a research report released on Friday morning, Benzinga reports. The firm currently has a $83.00 price target on the technology company’s stock, up from their previous price target of $77.00.

A number of other research firms have also recently commented on TWLO. Macquarie reduced their price objective on shares of Twilio from $69.00 to $63.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. Sanford C. Bernstein cut their price objective on shares of Twilio from $70.00 to $68.00 and set a market perform rating for the company in a report on Wednesday, May 8th. Oppenheimer restated an outperform rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, April 17th. StockNews.com upgraded shares of Twilio from a hold rating to a buy rating in a research report on Sunday, July 28th. Finally, Tigress Financial assumed coverage on Twilio in a research report on Friday, June 28th. They set a buy rating and a $75.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $70.27.

Twilio Price Performance

Shares of TWLO opened at $59.93 on Friday. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $57.07 and its 200 day simple moving average is $60.78. Twilio has a 1-year low of $49.86 and a 1-year high of $78.16. The company has a market cap of $10.26 billion, a price-to-earnings ratio of -15.68, a PEG ratio of 8.78 and a beta of 1.35.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.21%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business earned ($0.23) EPS. Twilio’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts forecast that Twilio will post 0.22 earnings per share for the current fiscal year.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 956 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $58,975.64. Following the completion of the transaction, the chief financial officer now owns 228,506 shares in the company, valued at approximately $14,096,535.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Twilio news, insider Dana Wagner sold 796 shares of Twilio stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total value of $49,105.24. Following the completion of the sale, the insider now directly owns 164,374 shares in the company, valued at $10,140,232.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 956 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total value of $58,975.64. Following the transaction, the chief financial officer now owns 228,506 shares in the company, valued at $14,096,535.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,967 shares of company stock valued at $3,796,221. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several hedge funds and other institutional investors have recently bought and sold shares of TWLO. Tidal Investments LLC boosted its holdings in Twilio by 2.3% during the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after purchasing an additional 166 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Twilio by 14.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after buying an additional 167 shares during the period. Brighton Jones LLC boosted its position in Twilio by 1.8% during the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after buying an additional 185 shares during the period. Fifth Third Bancorp lifted its stake in Twilio by 29.0% in the first quarter. Fifth Third Bancorp now owns 841 shares of the technology company’s stock worth $51,000 after acquiring an additional 189 shares during the period. Finally, Desjardins Global Asset Management Inc. raised its stake in Twilio by 15.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock worth $112,000 after buying an additional 192 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

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.