Twilio (NYSE:TWLO) Raised to "Buy" at StockNews.com

Twilio (NYSE:TWLO - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Tuesday.

Other equities analysts also recently issued reports about the company. Needham & Company LLC raised their price objective on Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Jefferies Financial Group boosted their price target on shares of Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. UBS Group increased their price objective on shares of Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Oppenheimer lifted their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $165.00 price target on shares of Twilio in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned 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, the company has an average rating of "Moderate Buy" and a consensus price target of $135.35.

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Twilio Trading Up 2.6 %

NYSE TWLO traded up $2.54 during trading hours on Tuesday, reaching $100.71. The company's stock had a trading volume of 1,697,888 shares, compared to its average volume of 2,621,515. The firm has a fifty day simple moving average of $119.96 and a 200-day simple moving average of $101.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a 52 week low of $52.51 and a 52 week high of $151.95. The stock has a market cap of $15.37 billion, a P/E ratio of -157.36, a P/E/G ratio of 4.30 and a beta of 1.47.

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

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the sale, the chief financial officer now directly owns 176,640 shares of the company's stock, valued at approximately $16,936,243.20. This represents a 4.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,857 shares of company stock valued at $4,318,654 over the last 90 days. Insiders own 4.50% of the company's stock.

Institutional Trading of Twilio

Large investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans bought a new position in Twilio during the third quarter valued at $253,000. The Manufacturers Life Insurance Company grew its stake in shares of Twilio by 151.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock worth $2,820,000 after acquiring an additional 26,062 shares during the period. Townsquare Capital LLC increased its holdings in Twilio by 31.2% in the 3rd quarter. Townsquare Capital LLC now owns 4,970 shares of the technology company's stock worth $324,000 after acquiring an additional 1,183 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Twilio by 2.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,919 shares of the technology company's stock valued at $4,038,000 after acquiring an additional 1,317 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Twilio by 19.7% during the third quarter. Captrust Financial Advisors now owns 21,357 shares of the technology company's stock valued at $1,393,000 after purchasing an additional 3,514 shares during the last quarter. Hedge funds and other 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.