Twilio (NYSE:TWLO) Given Buy Rating at Needham & Company LLC

Twilio (NYSE:TWLO)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a report issued on Friday,Benzinga reports. They presently have a $125.00 target price on the technology company’s stock. Needham & Company LLC’s target price indicates a potential upside of 9.61% from the stock’s previous close.

TWLO has been the subject of a number of other research reports. Morgan Stanley decreased their price target on Twilio from $160.00 to $111.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Robert W. Baird decreased their target price on shares of Twilio from $160.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Monness Crespi & Hardt boosted their target price on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.41.

Twilio Trading Down 0.2%

Shares of TWLO stock opened at $114.04 on Friday. 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 has a 50-day simple moving average of $96.46 and a 200 day simple moving average of $107.20. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock has a market capitalization of $17.41 billion, a P/E ratio of -178.19, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. On average, sell-side analysts expect that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. The trade was a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock worth $2,344,149 over the last three months. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of Twilio during the 1st quarter worth about $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Twilio during the first quarter worth approximately $28,000. TCTC Holdings LLC boosted its position in shares of Twilio by 118.1% in the first quarter. TCTC Holdings LLC now owns 338 shares of the technology company’s stock valued at $33,000 after acquiring an additional 183 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of Twilio in the first quarter worth $34,000. Finally, JFS Wealth Advisors LLC boosted its holdings in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.