Twilio (NYSE:TWLO) Rating Lowered to Hold at StockNews.com

Twilio (NYSE:TWLO) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 target price on shares of Twilio in a report on Tuesday, January 21st. Piper Sandler restated an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and raised their price objective for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Jefferies Financial Group raised their price objective on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus raised their price objective on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Twilio has a consensus rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Price Performance

Shares of TWLO opened at $119.91 on Friday. Twilio has a 12-month low of $52.51 and a 12-month high of $151.95. The business’s fifty day moving average is $123.07 and its 200 day moving average is $94.59. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $18.39 billion, a P/E ratio of -187.36, a P/E/G ratio of 4.30 and a beta of 1.43.

Twilio (NYSE:TWLO) last issued its 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Sell-side analysts anticipate that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,906 shares of company stock valued at $2,950,514. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TWLO. Arrowstreet Capital Limited Partnership grew 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. purchased a new position in Twilio during the 4th quarter valued at about $301,258,000. Norges Bank bought a new stake in shares of Twilio during the 4th quarter valued at about $222,146,000. Two Sigma Investments LP boosted its position in shares of 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 acquiring an additional 1,048,619 shares during the last quarter. Finally, Whale Rock Capital Management LLC bought a new stake in shares of Twilio during the 4th quarter valued at about $111,312,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.