Tigress Financial Begins Coverage on Twilio (NYSE:TWLO)

Tigress Financial started coverage on shares of Twilio (NYSE:TWLO) in a research report report published on Friday, MarketBeat.com reports. The firm issued a buy rating and a $75.00 price objective on the technology company’s stock.

A number of other research firms have also recently commented on TWLO. Jefferies Financial Group reduced their price target on shares of Twilio from $65.00 to $60.00 and set a hold rating for the company in a report on Wednesday, March 6th. Morgan Stanley lowered Twilio from an overweight rating to an equal weight rating and decreased their target price for the company from $70.00 to $60.00 in a research report on Friday, June 14th. TD Cowen cut their price target on Twilio from $72.00 to $65.00 and set a market perform rating on the stock in a report on Wednesday, March 6th. Canaccord Genuity Group decreased their price objective on Twilio from $90.00 to $85.00 and set a buy rating for the company in a report on Wednesday, May 8th. Finally, Oppenheimer reiterated an outperform rating and issued a $75.00 target price on shares of Twilio in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $69.48.

Twilio Stock Performance

Shares of Twilio stock opened at $56.81 on Friday. The business has a 50-day moving average price of $58.49 and a two-hundred day moving average price of $63.60. Twilio has a 1-year low of $49.86 and a 1-year high of $78.16. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. The company has a market cap of $9.72 billion, a P/E ratio of -14.17, a PEG ratio of 9.59 and a beta of 1.34.

Twilio (NYSE:TWLO) last released its earnings results on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, analysts anticipate that Twilio will post 0.18 EPS for the current year.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 841 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total value of $51,662.63. Following the completion of the transaction, the insider now directly owns 166,773 shares of the company’s stock, valued at $10,244,865.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Dana Wagner sold 841 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $61.43, for a total value of $51,662.63. Following the sale, the insider now directly owns 166,773 shares of the company’s stock, valued at $10,244,865.39. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 24,657 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the transaction, the chief executive officer now owns 311,325 shares of the company’s stock, valued at $17,745,525. The disclosure for this sale can be found here. Insiders have sold 30,625 shares of company stock valued at $1,770,359 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TWLO. Principal Securities Inc. purchased a new position in Twilio during the fourth quarter worth about $25,000. Activest Wealth Management grew its holdings in shares of Twilio by 327.9% during the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. Westend Capital Management LLC bought a new position in shares of Twilio in the first quarter worth approximately $35,000. Blue Trust Inc. raised its stake in Twilio by 1,566.7% in the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after purchasing an additional 564 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in Twilio during the fourth quarter valued at approximately $46,000. 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.