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

Twilio (NYSE:TWLO) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Several other brokerages have also recently weighed in on TWLO. Piper Sandler reissued 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. Morgan Stanley raised Twilio from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $144.00 to $160.00 in a research report on Monday, February 24th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the company from $115.00 to $160.00 in a report on Friday, January 24th. Stifel Nicolaus lifted their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, Monness Crespi & Hardt increased their target price on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.35.

Twilio Price Performance

Shares of NYSE TWLO traded up $2.95 during midday trading on Monday, reaching $106.40. 1,727,842 shares of the stock traded hands, compared to its average volume of 2,623,528. The company’s 50 day moving average is $121.29 and its 200 day moving average is $99.71. Twilio has a one year low of $52.51 and a one year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a market capitalization of $16.24 billion, a PE ratio of -166.25, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, equities research analysts anticipate that Twilio will post 1.44 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Twilio

A number of large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Twilio by 718.7% in 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 acquiring an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. bought a new stake in Twilio during the fourth quarter valued at about $301,258,000. Norges Bank bought a new stake in Twilio during the fourth quarter valued at about $222,146,000. Two Sigma Investments LP grew its stake in 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 purchasing an additional 1,048,619 shares during the last quarter. Finally, Whale Rock Capital Management LLC bought a new position in Twilio in the fourth quarter worth about $111,312,000. 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.