Oppenheimer Reaffirms Outperform Rating for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Oppenheimer in a note issued to investors on Wednesday, Benzinga reports. They currently have a $75.00 price target on the technology company's stock. Oppenheimer's price objective suggests a potential upside of 27.70% from the company's previous close.

Several other equities analysts have also recently issued reports on the stock. UBS Group decreased their target price on shares of Twilio from $82.00 to $74.00 and set a "buy" rating for the company in a research note on Wednesday, March 6th. Wells Fargo & Company decreased their target price on shares of Twilio from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 6th. Jefferies Financial Group decreased their target price on shares of Twilio from $65.00 to $60.00 and set a "hold" rating for the company in a research note on Wednesday, March 6th. HSBC cut shares of Twilio from a "hold" rating to a "reduce" rating and decreased their target price for the company from $62.00 to $61.00 in a research note on Wednesday, February 14th. Finally, Piper Sandler upgraded shares of Twilio from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $75.00 to $82.00 in a research note on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $68.90.

Twilio Stock Performance

NYSE TWLO traded down $0.44 on Wednesday, hitting $58.73. 1,720,528 shares of the company's stock traded hands, compared to its average volume of 3,351,445. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio has a 1-year low of $45.02 and a 1-year high of $78.16. The firm's 50-day moving average price is $61.48 and its two-hundred day moving average price is $63.95. The firm has a market capitalization of $10.63 billion, a PE ratio of -10.69 and a beta of 1.35.

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 net margin of 24.44% and a negative return on equity of 1.66%. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.04 billion. As a group, analysts expect that Twilio will post -0.11 EPS for the current year.

Insider Transactions at Twilio

In other news, 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 transaction of $205,166.25. Following the completion of the sale, the chief financial officer now owns 231,036 shares of the company's stock, valued at $14,044,678.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Khozema Shipchandler sold 10,961 shares of the company's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the sale, the chief executive officer now owns 335,982 shares of the company's stock, valued at $20,874,561.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 3,375 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the sale, the chief financial officer now directly owns 231,036 shares of the company's stock, valued at approximately $14,044,678.44. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock valued at $1,910,447 over the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Twilio

A number of hedge funds have recently modified their holdings of TWLO. Covestor Ltd boosted its stake in Twilio by 419.5% during the first quarter. Covestor Ltd now owns 213 shares of the technology company's stock worth $35,000 after buying an additional 172 shares during the period. Principal Securities Inc. purchased a new position in Twilio during the fourth quarter worth about $25,000. Truvestments Capital LLC boosted its stake in Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company's stock worth $26,000 after buying an additional 247 shares during the period. Optimum Investment Advisors boosted its stake in Twilio by 68.3% during the third quarter. Optimum Investment Advisors now owns 505 shares of the technology company's stock worth $30,000 after buying an additional 205 shares during the period. Finally, RVW Wealth LLC purchased a new position in shares of Twilio in the third quarter valued at approximately $30,000. Hedge funds and other 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.