KeyCorp Upgrades Twilio (NYSE:TWLO) to Strong-Buy

Twilio (NYSE:TWLO - Get Free Report) was upgraded by investment analysts at KeyCorp to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the stock. Scotiabank boosted their price target on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. JMP Securities restated a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a research note on Tuesday, April 29th. William Blair restated an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Twilio in a research note on Friday, May 16th. Finally, HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and lifted their price objective for the company from $77.00 to $99.00 in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.35.

Twilio Price Performance

Twilio stock opened at $121.86 on Thursday. The stock has a market cap of $18.60 billion, a P/E ratio of -190.41, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company has a fifty day simple moving average of $101.65 and a 200-day simple moving average of $110.25. Twilio has a 12-month low of $52.51 and a 12-month high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the company earned $0.80 earnings per share. Twilio's quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts expect that Twilio will post 1.44 EPS for the current fiscal year.

Insider Activity

In other news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director now owns 33,488 shares of the company's stock, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 14,545 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total transaction of $1,332,467.45. Following the completion of the transaction, the chief executive officer now directly owns 280,589 shares in the company, valued at approximately $25,704,758.29. This represents a 4.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,884 shares of company stock valued at $4,719,065. Company insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On Twilio

A number of hedge funds have recently made changes to their positions in TWLO. Brighton Jones LLC grew its holdings in Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock valued at $1,086,000 after purchasing an additional 623 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in Twilio during the 4th quarter valued at $233,000. Stratos Wealth Partners LTD. acquired a new stake in Twilio during the 4th quarter valued at $1,357,000. Choreo LLC grew its holdings in Twilio by 15.4% during the 4th quarter. Choreo LLC now owns 16,447 shares of the technology company's stock valued at $1,786,000 after purchasing an additional 2,190 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in Twilio during the 4th quarter valued at $230,000. Hedge funds and other institutional investors 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.

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