Twilio (NYSE:TWLO) Now Covered by KeyCorp

KeyCorp assumed coverage on shares of Twilio (NYSE:TWLO - Get Free Report) in a report issued on Friday, MarketBeat.com reports. The firm set an "overweight" rating and a $146.00 price target on the technology company's stock. KeyCorp's price objective indicates a potential upside of 19.81% from the company's previous close.

Several other equities research analysts have also recently issued reports on TWLO. JMP Securities reiterated a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a research note on Tuesday, April 29th. Tigress Financial reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Twilio in a report on Thursday, May 8th. Scotiabank increased their target price on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. UBS Group decreased their price target on Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group boosted their price target on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.35.

Twilio Stock Up 0.9%

TWLO traded up $1.06 on Friday, hitting $121.86. 1,696,228 shares of the company were exchanged, compared to its average volume of 2,682,379. The stock's fifty day moving average is $101.18 and its 200-day moving average is $110.08. Twilio has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market cap of $18.60 billion, a PE ratio of -190.41, a PEG ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. Twilio's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 EPS. Equities research analysts predict that Twilio will post 1.44 EPS for the current fiscal year.

Insider Activity

In related news, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the sale, the director now directly owns 33,488 shares in the company, valued at $4,019,564.64. This represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $721,401.12. Following the transaction, the chief financial officer now directly owns 176,640 shares in the company, valued at $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. Over the last three months, insiders have sold 48,884 shares of company stock valued at $4,719,065. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after acquiring an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Twilio in the 4th quarter worth approximately $301,258,000. Norges Bank bought a new stake in shares of Twilio in the 4th quarter valued at $222,146,000. Two Sigma Investments LP boosted its stake in shares of Twilio by 1,292.9% in 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 purchasing an additional 1,048,619 shares during the last quarter. Finally, Whale Rock Capital Management LLC acquired a new stake in shares of Twilio during the fourth quarter worth $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.