Twilio Inc (TWLO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Twilio Inc (NYSE:TWLO) have received an average rating of “Buy” from the nineteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $37.04.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Twilio from a “hold” rating to a “sell” rating in a report on Wednesday. Oppenheimer restated a “buy” rating and issued a $38.00 target price on shares of Twilio in a report on Tuesday, January 2nd. Drexel Hamilton restated a “buy” rating and issued a $47.00 target price on shares of Twilio in a report on Thursday, December 28th. Canaccord Genuity restated a “buy” rating and issued a $38.00 target price on shares of Twilio in a report on Wednesday, December 6th. Finally, KeyCorp restated a “hold” rating on shares of Twilio in a report on Tuesday, December 5th.

In related news, CFO Lee Kirkpatrick sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $25.38, for a total value of $177,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Karyn Smith sold 5,213 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $25.50, for a total transaction of $132,931.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,222 shares of company stock valued at $1,027,788. 25.03% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in TWLO. Cerebellum GP LLC purchased a new stake in Twilio in the 4th quarter valued at $117,000. SeaCrest Wealth Management LLC purchased a new stake in Twilio in the 4th quarter valued at $123,000. Ameritas Investment Partners Inc. purchased a new stake in Twilio in the 2nd quarter valued at $159,000. Thompson Davis & CO. Inc. raised its position in Twilio by 36.8% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 6,500 shares of the technology company’s stock valued at $194,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in Twilio in the 3rd quarter valued at $219,000. Hedge funds and other institutional investors own 59.51% of the company’s stock.

Twilio (NYSE:TWLO) traded down $0.51 during midday trading on Friday, reaching $25.55. 2,110,000 shares of the company’s stock traded hands, compared to its average volume of 1,290,000. Twilio has a 12 month low of $22.80 and a 12 month high of $34.95. The firm has a market cap of $2,380.00 and a PE ratio of -35.00.

Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, November 8th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.12. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.55%. The business had revenue of $100.54 million during the quarter, compared to analysts’ expectations of $92.50 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. sell-side analysts expect that Twilio will post -0.75 EPS for the current year.

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About Twilio

Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).

Analyst Recommendations for Twilio (NYSE:TWLO)

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