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

StockNews.com cut shares of Twilio (NYSE:TWLO) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group cut their price target on Twilio from $90.00 to $85.00 and set a buy rating for the company in a report on Wednesday, May 8th. Sanford C. Bernstein lifted their target price on Twilio from $68.00 to $70.00 and gave the stock a market perform rating in a report on Tuesday, August 27th. Morgan Stanley cut Twilio from an overweight rating to an equal weight rating and dropped their target price for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Wells Fargo & Company lifted their target price on Twilio from $60.00 to $65.00 and gave the stock an equal weight rating in a report on Friday, August 2nd. Finally, Robert W. Baird dropped their target price on Twilio from $70.00 to $65.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $70.52.

Twilio Stock Down 5.3 %

Shares of TWLO opened at $58.10 on Wednesday. The company has a market capitalization of $9.33 billion, a PE ratio of -14.49, a price-to-earnings-growth ratio of 3.46 and a beta of 1.35. The business’s 50 day moving average is $59.31 and its 200 day moving average is $59.30. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio has a 12-month low of $49.86 and a 12-month high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.23) EPS. Research analysts expect that Twilio will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 4,237 shares of Twilio stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.28, for a total transaction of $238,458.36. Following the completion of the sale, the insider now directly owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Twilio news, insider Dana Wagner sold 4,237 shares of Twilio stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.28, for a total transaction of $238,458.36. Following the completion of the sale, the insider now directly owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 6,797 shares of Twilio stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.33, for a total value of $382,875.01. Following the sale, the chief financial officer now directly owns 195,048 shares of the company’s stock, valued at $10,987,053.84. The disclosure for this sale can be found here. Insiders sold a total of 47,030 shares of company stock valued at $2,677,475 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TWLO. Van ECK Associates Corp raised its position in shares of Twilio by 35.9% in the 4th quarter. Van ECK Associates Corp now owns 2,856 shares of the technology company’s stock worth $217,000 after acquiring an additional 754 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Twilio in the 4th quarter worth $2,017,000. Wealthcare Advisory Partners LLC raised its position in shares of Twilio by 7.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,113 shares of the technology company’s stock worth $388,000 after acquiring an additional 347 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Twilio by 50.1% in the 4th quarter. Private Advisor Group LLC now owns 12,422 shares of the technology company’s stock worth $942,000 after acquiring an additional 4,145 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Twilio by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company’s stock worth $95,261,000 after acquiring an additional 43,124 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

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.