Royal Bank of Canada Reaffirms "Underperform" Rating for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO - Get Free Report)'s stock had its "underperform" rating restated by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $75.00 price target on the technology company's stock. Royal Bank of Canada's target price would indicate a potential downside of 27.49% from the stock's previous close.

Other analysts also recently issued reports about the stock. Baird R W upgraded shares of Twilio from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 24th. William Blair restated an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Piper Sandler restated 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. JMP Securities restated a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a research report on Friday, February 14th. Finally, Mizuho raised their price objective on shares of Twilio from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Twilio has an average rating of "Moderate Buy" and a consensus price target of $135.35.

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Twilio Stock Performance

TWLO traded up $1.65 during trading on Wednesday, hitting $103.44. The company's stock had a trading volume of 2,330,031 shares, compared to its average volume of 2,627,123. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a one year low of $52.51 and a one year high of $151.95. The firm has a market cap of $15.79 billion, a PE ratio of -161.62, a P/E/G ratio of 4.30 and a beta of 1.47. The business's 50 day simple moving average is $121.32 and its 200-day simple moving average is $99.40.

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

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the sale, the chief financial officer now owns 184,164 shares in the company, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company's stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Twilio

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