Twilio (TWLO) Stock Rating Upgraded by Zacks Investment Research

Twilio (NYSE:TWLO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Twilio offers cloud-based software that helps developers make and receive phone calls, text messages and video chats. Estimates for the stock have remained unchanged, of late. The company’s key initiatives, which include product innovation, global expansion and acquisitions, are helping it in gaining customers, which bodes well for long-term growth. However, we are concerned about its declining gross margins which worsened during the last reported quarter, touching its lowest level in the last three years. The company’s gross margins have been negatively impacted by shift in international traffic mix and reduced revenue contribution from Uber. Going ahead, intensifying competition in the communications market and growing prevalence of in-app push notifications are other major headwinds. Notably, the stock has underperformed the industry in the last one year.”

Several other brokerages have also recently commented on TWLO. BidaskClub cut Twilio from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Robert W. Baird reissued a “buy” rating and issued a $37.00 price target on shares of Twilio in a research note on Friday, November 10th. Oppenheimer reissued a “buy” rating and issued a $38.00 price target on shares of Twilio in a research note on Tuesday, January 2nd. Northland Securities restated a “buy” rating and issued a $36.00 target price on shares of Twilio in a report on Friday, October 13th. Finally, KeyCorp restated a “hold” rating on shares of Twilio in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $36.61.

Shares of Twilio (NYSE:TWLO) opened at $24.52 on Friday. The company has a market capitalization of $2,280.00 and a P/E ratio of -33.59. Twilio has a 12 month low of $22.80 and a 12 month high of $34.95.

In related news, CFO Lee Kirkpatrick sold 10,830 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $25.28, for a total value of $273,782.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Karyn Smith sold 4,213 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $25.54, for a total value of $107,600.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,222 shares of company stock valued at $1,027,788. Corporate insiders own 25.03% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Twilio by 21.1% during the second quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock worth $122,629,000 after buying an additional 734,659 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Twilio by 6.3% during the third quarter. Bank of New York Mellon Corp now owns 4,096,296 shares of the technology company’s stock worth $122,275,000 after buying an additional 241,509 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Twilio by 6.2% during the fourth quarter. BlackRock Inc. now owns 4,091,535 shares of the technology company’s stock worth $96,561,000 after buying an additional 239,782 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Twilio by 6.6% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,420,450 shares of the technology company’s stock worth $33,522,000 after buying an additional 87,585 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Twilio by 37.2% during the third quarter. Allianz Asset Management GmbH now owns 1,367,745 shares of the technology company’s stock worth $40,827,000 after buying an additional 371,055 shares during the last quarter. Institutional investors own 59.90% of the company’s stock.

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Twilio Company Profile

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).

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