Shares of Twilio Inc. (NYSE:TWLO – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the twenty-seven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $269.48.
A number of equities analysts have issued reports on TWLO shares. UBS Group decreased their price target on Twilio from $285.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Mizuho set a $270.00 price objective on Twilio in a research note on Wednesday, August 12th. Oppenheimer upped their price objective on Twilio from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday, October 21st. Needham & Company LLC cut their price objective on Twilio from $280.00 to $240.00 and set a “buy” rating for the company in a report on Friday, October 30th. Finally, Piper Sandler raised their target price on Twilio from $192.00 to $247.00 and gave the company a “neutral” rating in a research note on Friday, August 7th.
Get Our Latest Stock Analysis on Twilio
Twilio Trading Up 2.5%
Twilio stock opened at $219.64 on Friday. The firm has a 50 day simple moving average of $253.26 and a 200-day simple moving average of $191.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.47 and a quick ratio of 4.47. The stock has a market capitalization of $33.99 billion, a PE ratio of 73.36, a price-to-earnings-growth ratio of 4.16 and a beta of 1.49. Twilio has a 12-month low of $105.00 and a 12-month high of $308.40.
Twilio (NYSE:TWLO – Get Free Report) last announced its earnings results on Thursday, October 29th. The technology company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Twilio had a return on equity of 5.58% and a net margin of 21.82%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share. As a group, equities research analysts expect that Twilio will post 3.29 EPS for the current fiscal year.
Insider Activity
In other Twilio news, CFO Aidan Viggiano sold 9,084 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $294.65, for a total value of $2,676,600.60. Following the completion of the sale, the chief financial officer directly owned 99,246 shares of the company’s stock, valued at approximately $29,242,833.90. This represents a 8.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $291.03, for a total transaction of $4,203,055.26. Following the completion of the sale, the chief executive officer directly owned 178,863 shares of the company’s stock, valued at $52,054,498.89. The trade was a 7.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 38,818 shares of company stock worth $11,293,645. 0.21% of the stock is owned by company insiders.
Institutional Trading of Twilio
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. acquired a new position in Twilio in the third quarter worth approximately $12,245,000. GW&K Investment Management LLC increased its holdings in shares of Twilio by 120.4% in the third quarter. GW&K Investment Management LLC now owns 1,307 shares of the technology company’s stock valued at $382,000 after buying an additional 714 shares in the last quarter. USS Investment Management Ltd lifted its position in shares of Twilio by 44.0% during the 3rd quarter. USS Investment Management Ltd now owns 61,636 shares of the technology company’s stock valued at $18,032,000 after acquiring an additional 18,837 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Twilio by 69.8% during the 3rd quarter. Private Advisor Group LLC now owns 8,072 shares of the technology company’s stock valued at $2,361,000 after acquiring an additional 3,317 shares during the last quarter. Finally, OneAscent Family Office LLC acquired a new stake in shares of Twilio during the 3rd quarter valued at $222,000. 84.27% of the stock is currently owned by institutional investors.
About Twilio
Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows. Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.
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