Twilio Inc. (NYSE:TWLO) Receives Average Recommendation of "Hold" from Analysts

Twilio Inc. (NYSE:TWLO - Get Free Report) has been given an average recommendation of "Hold" by the twenty-two ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $81.36.

A number of analysts have recently issued reports on TWLO shares. Needham & Company LLC raised their price target on shares of Twilio from $71.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Mizuho boosted their target price on Twilio from $60.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. UBS Group upped their price target on shares of Twilio from $74.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Sanford C. Bernstein lifted their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a "market perform" rating in a research report on Tuesday, August 27th. Finally, JMP Securities restated a "market outperform" rating and issued a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,961 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares in the company, valued at approximately $11,318,745.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Twilio news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at $11,383,280. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now owns 186,501 shares in the company, valued at $11,318,745.69. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,418 shares of company stock valued at $3,749,556. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Twilio

Several hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC grew its position in Twilio by 41.0% in the 3rd quarter. Cerity Partners LLC now owns 65,168 shares of the technology company's stock worth $4,250,000 after purchasing an additional 18,960 shares during the last quarter. Meridian Wealth Management LLC grew its position in shares of Twilio by 11.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 14,585 shares of the technology company's stock worth $951,000 after buying an additional 1,538 shares during the period. Pacer Advisors Inc. lifted its holdings in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock worth $187,026,000 after purchasing an additional 444,295 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Twilio in the third quarter valued at $758,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Twilio during the 3rd quarter valued at $280,000. Institutional investors own 84.27% of the company's stock.

Twilio Price Performance

Shares of TWLO traded up $3.22 during trading hours on Tuesday, reaching $97.27. 3,506,304 shares of the company's stock traded hands, compared to its average volume of 2,685,466. The stock has a market cap of $14.92 billion, a PE ratio of -36.60, a price-to-earnings-growth ratio of 2.67 and a beta of 1.32. The firm's 50 day simple moving average is $69.27 and its 200-day simple moving average is $62.48. 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 has a 12 month low of $52.51 and a 12 month high of $98.49.

About Twilio

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.