Twilio Inc. (NYSE:TWLO) Receives $70.52 Average PT from Brokerages

Shares of Twilio Inc. (NYSE:TWLO) have received a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $70.52.

TWLO has been the topic of a number of research reports. Tigress Financial upped their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. increased their target price on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company boosted their price target on shares of Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Barclays dropped their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th.

Twilio Price Performance

TWLO stock opened at $70.85 on Friday. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $63.26 and its 200 day simple moving average is $60.25. Twilio has a 12-month low of $49.86 and a 12-month high of $78.16. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of -21.53, a PEG ratio of 4.03 and a beta of 1.35.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.23) EPS. On average, analysts expect that Twilio will post 0.54 earnings per share for the current year.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Dana Wagner sold 1,989 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the transaction, the insider now directly owns 157,328 shares in the company, valued at approximately $9,548,236.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,906 shares of company stock valued at $3,388,596. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after acquiring an additional 140,791 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Twilio by 11.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after purchasing an additional 224,040 shares during the period. Kodai Capital Management LP grew its holdings in shares of Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after purchasing an additional 761,356 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after buying an additional 311,481 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Twilio by 736.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after buying an additional 1,006,391 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other 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.