Twilio (NYSE:TWLO) Earns "Market Outperform" Rating from JMP Securities

Twilio (NYSE:TWLO - Get Free Report)'s stock had its "market outperform" rating reaffirmed by equities research analysts at JMP Securities in a report issued on Tuesday,Benzinga reports. They currently have a $165.00 target price on the technology company's stock. JMP Securities' target price would suggest a potential upside of 71.42% from the stock's previous close.

A number of other research firms have also issued reports on TWLO. JPMorgan Chase & Co. increased their target price on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Needham & Company LLC decreased their target price on Twilio from $165.00 to $125.00 and set a "buy" rating for the company in a report on Tuesday. Wells Fargo & Company cut their price target on Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler reissued an "overweight" rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, Scotiabank reduced their target price on shares of Twilio from $160.00 to $130.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Twilio has a consensus rating of "Moderate Buy" and a consensus target price of $125.96.

Twilio Trading Up 0.6 %

NYSE TWLO traded up $0.58 during trading hours on Tuesday, reaching $96.26. The company had a trading volume of 1,615,815 shares, compared to its average volume of 2,643,358. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95. The stock has a market capitalization of $14.69 billion, a P/E ratio of -150.32, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The stock has a 50-day moving average of $98.85 and a 200 day moving average of $104.60. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, research analysts anticipate that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares of the company's stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,471 shares of company stock valued at $2,344,149. Insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On Twilio

A number of hedge funds have recently made changes to their positions in TWLO. JFS Wealth Advisors LLC lifted its stake in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 166 shares during the period. UMB Bank n.a. purchased a new stake in shares of Twilio during the 1st quarter valued at about $37,000. Centricity Wealth Management LLC purchased a new position in Twilio in the 4th quarter worth approximately $44,000. Finally, CX Institutional acquired a new stake in Twilio in the first quarter valued at approximately $39,000. 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.

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