Twilio Inc. (NYSE:TWLO) Receives Consensus Rating of "Moderate Buy" from Brokerages

Twilio Inc. (NYSE:TWLO - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-five research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $126.39.

Several analysts have commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Twilio in a research report on Friday, May 16th. Scotiabank lifted their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. KeyCorp assumed coverage on shares of Twilio in a research report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price objective on the stock. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group set a $132.00 price target on shares of Twilio and gave the company a "hold" rating in a research report on Sunday, June 15th.

Twilio Stock Up 3.3%

Twilio stock opened at $121.63 on Wednesday. Twilio has a fifty-two week low of $54.33 and a fifty-two week high of $151.95. The stock has a market cap of $18.57 billion, a PE ratio of -579.20, a price-to-earnings-growth ratio of 3.66 and a beta of 1.30. The firm's 50-day simple moving average is $108.87 and its 200 day simple moving average is $111.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Research analysts predict that Twilio will post 1.44 EPS for the current fiscal year.

Insider Activity

In other news, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the sale, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 14,545 shares of Twilio stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $91.61, for a total value of $1,332,467.45. Following the sale, the chief executive officer now owns 280,589 shares of the company's stock, valued at approximately $25,704,758.29. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,884 shares of company stock worth $4,719,065. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Twilio

A number of large investors have recently modified their holdings of TWLO. Arrowstreet Capital Limited Partnership raised its holdings in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after buying an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new position in shares of Twilio during the 4th quarter valued at about $301,258,000. Norges Bank purchased a new position in shares of Twilio during the 4th quarter valued at about $222,146,000. Two Sigma Investments LP raised its holdings in shares of Twilio by 1,292.9% during the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after buying an additional 1,048,619 shares in the last quarter. Finally, Whale Rock Capital Management LLC purchased a new position in shares of Twilio during the 4th quarter valued at about $111,312,000. 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.

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