Twilio Inc. (NYSE:TWLO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have assigned Twilio Inc. a consensus recommendation of "Moderate Buy", with sixteen out of twenty-five brokerages rating it a buy and an average price target of $126.74.
• Twilio recently reported earnings success with an EPS of $1.19, exceeding expectations by $0.17, and a revenue of $1.23 billion for the quarter, marking a 13.5% year-over-year increase.
• CEO Khozema Shipchandler sold 13,595 shares of Twilio stock, indicating a 5.22% decrease in his ownership, which follows a broader trend of recent insider sales involving a total of 53,964 shares.

Twilio Inc. (NYSE:TWLO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-five analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $126.7391.

TWLO has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. UBS Group cut their target price on shares of Twilio from $150.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Scotiabank boosted their target price on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Wells Fargo & Company cut their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Piper Sandler boosted their target price on shares of Twilio from $140.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $4.94 on Thursday, hitting $105.78. 10,050,820 shares of the company were exchanged, compared to its average volume of 4,061,799. Twilio has a 1-year low of $56.85 and a 1-year high of $151.95. The stock's 50 day moving average price is $119.85 and its 200 day moving average price is $113.05. The company has a current ratio of 4.90, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $16.15 billion, a P/E ratio of 881.57, a price-to-earnings-growth ratio of 3.37 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. Sell-side analysts predict that Twilio will post 1.44 EPS for the current year.

Insider Buying and Selling at Twilio

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the transaction, the director directly owned 33,488 shares in the company, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 8,297 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares of the company's stock, valued at $17,302,682.15. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 53,964 shares of company stock worth $6,536,478. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Twilio

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jericho Capital Asset Management L.P. grew its holdings in Twilio by 17.7% in the first quarter. Jericho Capital Asset Management L.P. now owns 3,280,363 shares of the technology company's stock valued at $321,180,000 after purchasing an additional 493,000 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of Twilio by 36.4% during the first quarter. Alyeska Investment Group L.P. now owns 2,071,826 shares of the technology company's stock worth $202,852,000 after purchasing an additional 553,043 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Twilio by 19.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,920,443 shares of the technology company's stock worth $188,031,000 after purchasing an additional 318,015 shares in the last quarter. Norges Bank acquired a new position in shares of Twilio during the second quarter worth $228,877,000. Finally, Ninety One UK Ltd acquired a new stake in Twilio in the second quarter valued at $212,059,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

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.