Twilio (TWLO) Coverage Initiated at Morgan Stanley

Morgan Stanley assumed coverage on shares of Twilio (NYSE:TWLO) in a research report released on Friday morning, Marketbeat reports. The brokerage issued an equal weight rating and a $130.00 target price on the technology company’s stock.

Other research analysts have also issued reports about the company. Canaccord Genuity upped their target price on Twilio from $90.00 to $125.00 and gave the stock a buy rating in a research report on Wednesday, February 13th. Rosenblatt Securities set a $118.00 target price on Twilio and gave the stock a buy rating in a research report on Thursday, February 14th. reaffirmed an outperform rating and issued a $125.00 target price (up from $110.00) on shares of Twilio in a research report on Wednesday, February 13th. KeyCorp upped their target price on Twilio from $114.00 to $132.00 and gave the stock an overweight rating in a research report on Wednesday, February 13th. Finally, Monness Crespi & Hardt reaffirmed a buy rating and issued a $150.00 target price (up from $117.00) on shares of Twilio in a research report on Wednesday, February 13th. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $113.24.

Shares of TWLO stock opened at $129.35 on Friday. The company has a current ratio of 6.33, a quick ratio of 6.33 and a debt-to-equity ratio of 0.99. Twilio has a fifty-two week low of $35.89 and a fifty-two week high of $133.32. The stock has a market capitalization of $15.99 billion, a price-to-earnings ratio of -161.69 and a beta of 1.34.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, February 12th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.21. Twilio had a negative return on equity of 21.00% and a negative net margin of 18.76%. The company had revenue of $204.30 million for the quarter, compared to analyst estimates of $184.46 million. During the same period in the prior year, the firm posted ($0.03) EPS. The business’s revenue was up 77.3% compared to the same quarter last year. Equities research analysts expect that Twilio will post -1.06 earnings per share for the current fiscal year.

In other news, CEO Jeff Lawson sold 20,830 shares of the stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $104.12, for a total transaction of $2,168,819.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Karyn Smith sold 25,486 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $115.30, for a total value of $2,938,535.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,535 shares of company stock worth $11,069,842. 19.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Twilio by 10.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,480,321 shares of the technology company’s stock valued at $559,122,000 after buying an additional 613,596 shares during the last quarter. Vanguard Group Inc grew its holdings in Twilio by 10.5% in the 3rd quarter. Vanguard Group Inc now owns 6,480,321 shares of the technology company’s stock valued at $559,122,000 after buying an additional 613,596 shares during the last quarter. BlackRock Inc. grew its holdings in Twilio by 2.2% in the 4th quarter. BlackRock Inc. now owns 3,921,779 shares of the technology company’s stock valued at $350,216,000 after buying an additional 85,812 shares during the last quarter. Whale Rock Capital Management LLC grew its holdings in Twilio by 16.3% in the 4th quarter. Whale Rock Capital Management LLC now owns 2,461,782 shares of the technology company’s stock valued at $219,837,000 after buying an additional 345,694 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Twilio by 4,157.4% in the 3rd quarter. Alliancebernstein L.P. now owns 1,504,150 shares of the technology company’s stock valued at $129,778,000 after buying an additional 1,468,820 shares during the last quarter. 70.20% 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.

Read More: Average Daily Trade Volume – What You Need to Know

Analyst Recommendations for Twilio (NYSE:TWLO)

Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.