Twilio (NYSE:TWLO) Downgraded to Hold Rating by StockNews.com

Twilio (NYSE:TWLO - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Oppenheimer boosted their price target on Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Monness Crespi & Hardt increased their price objective on Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Royal Bank of Canada reissued an "underperform" rating and issued a $75.00 target price on shares of Twilio in a research report on Wednesday, March 19th. Finally, Morgan Stanley raised shares of Twilio from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $144.00 to $160.00 in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.26.

Remove Ads

Twilio Stock Down 1.5 %

NYSE:TWLO traded down $1.30 during trading hours on Friday, reaching $87.01. 103,334 shares of the company traded hands, compared to its average volume of 3,175,342. 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's 50-day moving average price is $107.45 and its two-hundred day moving average price is $103.06. Twilio has a 1 year low of $52.51 and a 1 year high of $151.95. The stock has a market capitalization of $13.28 billion, a P/E ratio of -136.19, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The firm 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%. Analysts predict that Twilio will post 1.44 earnings per share for the current year.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at $21,630,061.80. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,471 shares of company stock worth $2,344,149 over the last quarter. Insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On Twilio

Hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 purchasing an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. bought a new position in shares of Twilio during the 4th quarter worth $301,258,000. Norges Bank purchased a new position in shares of Twilio during the fourth quarter valued at $222,146,000. Two Sigma Investments LP raised its holdings in shares of Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock valued at $122,101,000 after acquiring an additional 1,048,619 shares in the last quarter. Finally, Whale Rock Capital Management LLC purchased a new stake in Twilio in the fourth quarter worth about $111,312,000. 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.