Twilio (NYSE:TWLO) Rating Increased to Hold at HSBC

Twilio (NYSE:TWLO - Get Free Report) was upgraded by equities research analysts at HSBC from a "reduce" rating to a "hold" rating in a report released on Monday,Benzinga reports. The brokerage presently has a $99.00 target price on the technology company's stock, up from their prior target price of $77.00. HSBC's target price suggests a potential downside of 1.11% from the company's previous close.

Several other equities research analysts also recently commented on the stock. JMP Securities restated a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a research note on Tuesday, April 29th. Wells Fargo & Company reduced their price target on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada reaffirmed an "underperform" rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. Stifel Nicolaus boosted their target price on Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group raised their price target on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.21.

Twilio Stock Performance

NYSE TWLO opened at $100.11 on Monday. Twilio has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $15.28 billion, a P/E ratio of -156.42, a PEG ratio of 4.30 and a beta of 1.44. The company's 50-day simple moving average is $97.36 and its 200 day simple moving average is $105.36.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. As a group, research analysts forecast that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm's stock in a transaction on 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 directly owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Twilio

Large investors have recently modified their holdings of the business. LRI Investments LLC acquired a new position in shares of Twilio in the 1st quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. bought a new position in Twilio in the first quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new position in Twilio in the first quarter valued at approximately $34,000. UMB Bank n.a. acquired a new position in shares of Twilio in the first quarter valued at approximately $37,000. Finally, CX Institutional bought a new stake in shares of Twilio during the first quarter worth $39,000. 84.27% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.