Twilio (NYSE:TWLO) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Twilio (NYSE:TWLO) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

A number of other research firms also recently weighed in on TWLO. Piper Sandler reaffirmed an overweight rating and issued a $83.00 price target (up from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Wells Fargo & Company upped their price target on shares of Twilio from $60.00 to $65.00 and gave the stock an equal weight rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Twilio from $76.00 to $78.00 and gave the stock an overweight rating in a research note on Friday, August 2nd. Tigress Financial upped their price target on shares of Twilio from $75.00 to $85.00 and gave the stock a buy rating in a research note on Friday, August 23rd. Finally, Macquarie dropped their price target on shares of Twilio from $69.00 to $63.00 and set a neutral rating on the stock in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Twilio has a consensus rating of Hold and an average price target of $70.52.

Twilio Price Performance

TWLO opened at $58.10 on Wednesday. The stock has a fifty day moving average of $59.31 and a 200-day moving average of $59.28. The firm has a market capitalization of $9.33 billion, a P/E ratio of -14.49, a PEG ratio of 3.46 and a beta of 1.35. Twilio has a 12-month low of $49.86 and a 12-month high of $78.16. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.23) earnings per share. Equities analysts forecast that Twilio will post 0.54 EPS for the current fiscal year.

Insider Activity

In other news, CFO Aidan Viggiano sold 6,797 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $56.33, for a total value of $382,875.01. Following the sale, the chief financial officer now directly owns 195,048 shares of the company’s stock, valued at $10,987,053.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Aidan Viggiano sold 6,797 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.33, for a total value of $382,875.01. Following the completion of the sale, the chief financial officer now owns 195,048 shares in the company, valued at $10,987,053.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 4,237 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the completion of the sale, the insider now owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,030 shares of company stock valued at $2,677,475. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Twilio

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Twilio by 0.8% during the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after purchasing an additional 140,791 shares during the period. Van ECK Associates Corp lifted its stake in Twilio by 35.9% during the fourth quarter. Van ECK Associates Corp now owns 2,856 shares of the technology company’s stock worth $217,000 after purchasing an additional 754 shares during the period. Greenwood Capital Associates LLC bought a new position in Twilio during the fourth quarter worth about $478,000. V Square Quantitative Management LLC lifted its stake in Twilio by 68.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock worth $148,000 after purchasing an additional 792 shares during the period. Finally, Ables Iannone Moore & Associates Inc. bought a new position in Twilio during the fourth quarter worth about $1,689,000. 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.