ValuEngine Lowers Twilio (NYSE:TWLO) to Hold

ValuEngine cut shares of Twilio (NYSE:TWLO) from a buy rating to a hold rating in a report published on Wednesday morning, ValuEngine reports.

A number of other analysts have also weighed in on the stock. Rosenblatt Securities restated a buy rating and set a $167.00 target price on shares of Twilio in a research note on Thursday, July 25th. Needham & Company LLC initiated coverage on shares of Twilio in a research note on Tuesday, June 18th. They set a buy rating and a $165.00 target price on the stock. Morgan Stanley upgraded shares of Twilio from an equal rating to a weight rating and upped their target price for the stock from $130.00 to $135.00 in a research note on Thursday, September 19th. KeyCorp upped their target price on shares of Twilio from $156.00 to $158.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. Finally, TheStreet upgraded shares of Twilio from a d rating to a c rating in a research note on Monday, June 24th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $147.62.

Shares of TWLO traded up $1.58 during mid-day trading on Wednesday, hitting $112.08. 2,893,528 shares of the company’s stock were exchanged, compared to its average volume of 4,131,976. The company has a market cap of $15.23 billion, a price-to-earnings ratio of -140.10 and a beta of 1.18. Twilio has a fifty-two week low of $62.43 and a fifty-two week high of $151.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 10.21 and a current ratio of 10.21. The stock’s 50-day moving average is $119.41 and its 200-day moving average is $131.01.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.18). The business had revenue of $275.00 million for the quarter, compared to analyst estimates of $264.43 million. Twilio had a negative return on equity of 7.22% and a negative net margin of 23.07%. The firm’s revenue for the quarter was up 86.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. As a group, equities research analysts anticipate that Twilio will post -1.54 EPS for the current year.

In other Twilio news, General Counsel Karyn Smith sold 937 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $142.38, for a total value of $133,410.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $108.40, for a total transaction of $54,200.00. The disclosure for this sale can be found here. Insiders sold 160,201 shares of company stock worth $20,417,659 over the last quarter. 10.85% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Centaurus Financial Inc. grew its position in shares of Twilio by 46.1% during the first quarter. Centaurus Financial Inc. now owns 3,209 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,012 shares during the last quarter. Truewealth LLC purchased a new position in shares of Twilio during the second quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV grew its position in shares of Twilio by 94.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 218 shares of the technology company’s stock worth $30,000 after acquiring an additional 106 shares during the last quarter. Banco de Sabadell S.A purchased a new position in shares of Twilio during the second quarter worth approximately $31,000. Finally, Cerebellum GP LLC purchased a new position in shares of Twilio during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

About Twilio

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Twilio (NYSE:TWLO)

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