Twilio Inc. (NYSE:TWLO) Receives Consensus Recommendation of “Hold” from Analysts

Twilio Inc. (NYSE:TWLO) has earned a consensus recommendation of “Hold” from the twenty-three research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $83.70.

TWLO has been the topic of several research reports. Piper Sandler upped their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their target price on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Morgan Stanley boosted their target price on Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein increased their price target on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th.

Twilio Trading Down 0.2 %

NYSE:TWLO opened at $96.39 on Tuesday. Twilio has a 52-week low of $52.51 and a 52-week high of $101.00. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock’s 50-day simple moving average is $72.99 and its 200 day simple moving average is $63.76.

Insider Activity

In related news, CFO Aidan Viggiano sold 6,701 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the transaction, the chief financial officer now directly owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. The trade was a 3.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 591 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the transaction, the insider now owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,537 shares of company stock worth $3,390,745 over the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Affinity Investment Advisors LLC purchased a new position in shares of Twilio during the 3rd quarter valued at $434,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after acquiring an additional 9,141 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Twilio in the 3rd quarter worth about $2,168,000. Finally, Palo Alto Wealth Advisors LLC bought a new stake in Twilio in the 3rd quarter valued at about $757,000. 84.27% of the stock is owned by institutional investors.

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.