Twilio Inc. (NYSE:TWLO) Receives Average Rating of "Hold" from Analysts

Shares of Twilio Inc. (NYSE:TWLO - Get Free Report) have received a consensus rating of "Hold" from the nineteen analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $68.90.

Several equities research analysts have recently issued reports on the company. JMP Securities reaffirmed a "market outperform" rating and issued a $110.00 target price on shares of Twilio in a report on Thursday, February 15th. Piper Sandler raised Twilio from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $75.00 to $82.00 in a research note on Friday, January 12th. Stifel Nicolaus reduced their price objective on Twilio from $70.00 to $60.00 and set a "hold" rating on the stock in a research note on Wednesday, March 6th. UBS Group reduced their price objective on Twilio from $82.00 to $74.00 and set a "buy" rating on the stock in a research note on Wednesday, March 6th. Finally, StockNews.com cut Twilio from a "buy" rating to a "hold" rating in a research note on Wednesday, March 6th.

Twilio Price Performance

Shares of Twilio stock traded up $0.87 during trading hours on Friday, hitting $60.88. The company's stock had a trading volume of 1,602,157 shares, compared to its average volume of 3,228,605. The business has a 50 day moving average price of $60.11 and a two-hundred day moving average price of $64.01. Twilio has a 12-month low of $45.02 and a 12-month high of $78.16. The company has a market cap of $11.02 billion, a PE ratio of -10.99 and a beta of 1.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Analysts expect that Twilio will post -0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 3,375 shares of the company's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total transaction of $205,166.25. Following the transaction, the chief financial officer now directly owns 231,036 shares of the company's stock, valued at $14,044,678.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Dana Wagner sold 458 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total transaction of $25,515.18. Following the transaction, the insider now directly owns 171,744 shares of the company's stock, valued at $9,567,858.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 3,375 shares of the company's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $60.79, for a total value of $205,166.25. Following the completion of the transaction, the chief financial officer now directly owns 231,036 shares in the company, valued at $14,044,678.44. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock worth $1,910,447 over the last 90 days. Company insiders own 4.20% of the company's stock.

Hedge Funds Weigh In On Twilio

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Twilio by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 17,809,573 shares of the technology company's stock worth $1,351,212,000 after purchasing an additional 241,738 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Twilio by 1.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,135,620 shares of the technology company's stock worth $359,118,000 after purchasing an additional 111,093 shares during the period. Norges Bank acquired a new stake in Twilio during the 4th quarter worth about $179,739,000. Dimensional Fund Advisors LP grew its position in Twilio by 18.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company's stock worth $105,131,000 after purchasing an additional 217,796 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Twilio by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company's stock worth $95,261,000 after purchasing an additional 43,124 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

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.