Twilio (NYSE:TWLO) Stock Price Up 4.4% on Analyst Upgrade

Twilio Inc. (NYSE:TWLO - Get Free Report) shares shot up 4.4% on Monday after HSBC upgraded the stock from a reduce rating to a hold rating. HSBC now has a $99.00 price target on the stock, up from their previous price target of $77.00. Twilio traded as high as $104.67 and last traded at $104.54. 1,148,627 shares traded hands during trading, a decline of 57% from the average session volume of 2,689,520 shares. The stock had previously closed at $100.11.

Several other research firms have also recently weighed in on TWLO. The Goldman Sachs Group lifted their target price on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday. Needham & Company LLC reduced their price objective on Twilio from $165.00 to $125.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Scotiabank upped their target price on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday. StockNews.com raised Twilio from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Tigress Financial raised their price objective on shares of Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Twilio has a consensus rating of "Moderate Buy" and a consensus target price of $120.21.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the company's 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 completion of the sale, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated 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 completion of the transaction, 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 ninety days, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Twilio

Several large investors have recently made changes to their positions in TWLO. LRI Investments LLC acquired a new position in Twilio during the 1st quarter worth approximately $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Twilio in the first quarter valued at about $28,000. Cloud Capital Management LLC bought a new stake in Twilio during the first quarter worth about $34,000. UMB Bank n.a. acquired a new position in Twilio during the first quarter valued at approximately $37,000. Finally, CX Institutional bought a new position in Twilio in the first quarter valued at approximately $39,000. Institutional investors own 84.27% of the company's stock.

Twilio Trading Up 4.8 %

The company has a market cap of $16.01 billion, a P/E ratio of -164.00, a PEG ratio of 4.30 and a beta of 1.44. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $97.36 and a 200-day moving average price of $105.36.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. The firm 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%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 earnings per share. Analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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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