Twilio (NYSE:TWLO) Downgraded to "Buy" Rating by Wall Street Zen

Wall Street Zen lowered shares of Twilio (NYSE:TWLO - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.

Several other equities analysts also recently weighed in on the company. Stifel Nicolaus raised their price target on Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Barclays boosted their target price on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. William Blair restated an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Jefferies Financial Group cut their price target on Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a report on Monday, April 28th. Finally, Royal Bank of Canada reissued an "underperform" rating and set a $75.00 price target on shares of Twilio in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Twilio presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.41.

Twilio Price Performance

TWLO traded up $1.92 during trading on Friday, reaching $119.62. 3,017,256 shares of the stock were exchanged, compared to its average volume of 2,679,473. Twilio has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of -186.91, a P/E/G ratio of 4.30 and a beta of 1.44. The business's 50 day moving average price is $99.68 and its two-hundred day moving average price is $109.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.80 EPS. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts anticipate that Twilio will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the transaction, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at approximately $16,936,243.20. The trade was a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,784 shares of company stock worth $4,226,942. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Bleakley Financial Group LLC purchased a new stake in Twilio during the 4th quarter worth approximately $230,000. Aigen Investment Management LP boosted its stake in Twilio by 81.6% during the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock valued at $1,248,000 after acquiring an additional 5,188 shares during the last quarter. Highland Capital Management LLC bought a new stake in shares of Twilio in the 4th quarter worth about $912,000. Moloney Securities Asset Management LLC bought a new stake in shares of Twilio in the 4th quarter worth about $860,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Twilio by 145.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 11,603 shares of the technology company's stock valued at $1,254,000 after purchasing an additional 6,881 shares in the last quarter. Institutional investors and hedge funds 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.