Twilio Inc (NYSE:TWLO) Given Consensus Recommendation of “Buy” by Brokerages

Twilio Inc (NYSE:TWLO) has earned a consensus recommendation of “Buy” from the twenty-four ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, nineteen 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 issued a report on the stock in the last year is $139.36.

Several brokerages have commented on TWLO. Deutsche Bank upped their price objective on shares of Twilio from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. DA Davidson upped their price objective on shares of Twilio to $163.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Piper Jaffray Companies upped their price objective on shares of Twilio from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. KeyCorp upped their price objective on shares of Twilio from $150.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Mitsubishi UFJ Financial Group upped their price objective on shares of Twilio to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st.

NYSE TWLO traded down $5.59 during trading on Monday, hitting $138.41. The company had a trading volume of 3,771,365 shares, compared to its average volume of 4,301,991. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.18. Twilio has a one year low of $53.17 and a one year high of $151.00. The firm has a market capitalization of $18.18 billion, a P/E ratio of -173.01 and a beta of 1.30. The stock has a fifty day simple moving average of $136.88.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.40). Twilio had a negative return on equity of 9.50% and a negative net margin of 17.87%. The company had revenue of $233.00 million during the quarter, compared to the consensus estimate of $223.45 million. During the same quarter last year, the company posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 80.5% compared to the same quarter last year. As a group, equities research analysts expect that Twilio will post -1.4 EPS for the current fiscal year.

In other Twilio news, General Counsel Karyn Smith sold 937 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $125.50, for a total transaction of $117,593.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elena A. Donio sold 1,442 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $140.76, for a total transaction of $202,975.92. Following the sale, the director now owns 8,458 shares of the company’s stock, valued at $1,190,548.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,062 shares of company stock valued at $17,892,896. 10.85% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in TWLO. FMR LLC boosted its holdings in shares of Twilio by 1,128.3% during the 1st quarter. FMR LLC now owns 973,397 shares of the technology company’s stock valued at $125,743,000 after acquiring an additional 894,151 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its holdings in shares of Twilio by 33.3% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 3,000 shares of the technology company’s stock valued at $388,000 after acquiring an additional 750 shares during the last quarter. J.P. Marvel Investment Advisors LLC purchased a new stake in shares of Twilio during the 1st quarter valued at about $257,000. Metropolitan Life Insurance Co NY boosted its holdings in shares of Twilio by 16.9% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 6,635 shares of the technology company’s stock valued at $857,000 after acquiring an additional 957 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Twilio during the 1st quarter valued at about $8,359,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Twilio Company Profile

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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Analyst Recommendations for Twilio (NYSE:TWLO)

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