Twilio (TWLO) Stock Rating Reaffirmed by KeyCorp
Twilio (NYSE:TWLO)‘s stock had its “hold” rating reissued by investment analysts at KeyCorp in a research report issued to clients and investors on Tuesday.
The analysts wrote, “We were impressed by the Engagement Cloud vision that Twilio displayed at its first analyst day in San Francisco. While the Company remains focused on a broad vision of disrupting the trillion-dollar communications industry through simple software APIs and a developer- first approach, the growth strategy appears to be solidifying as it moves further up the stack with multiple API components that can be bundled to solve higher-level bottlenecks. The Engagement Cloud, for example, could include 11 unique APIs such as Voice, Chat, SMS, Facebook, Studio, Notify, Understand, Frame, Sync, TaskRouter, and Marketplace. New COO refreshes the go-to-market approach. George Hu, the former COO of Salesforce.com who joined Twilio in March 2017, gave a presentation on the recent changes in the Company’s go-to-market strategy.””
A number of other analysts have also recently weighed in on the stock. Drexel Hamilton reissued a “buy” rating and issued a $47.00 target price on shares of Twilio in a research note on Monday. Zacks Investment Research cut shares of Twilio from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Northland Securities set a $36.00 target price on shares of Twilio and gave the company a “buy” rating in a research note on Monday, November 13th. Robert W. Baird reissued a “buy” rating and issued a $37.00 target price on shares of Twilio in a research note on Friday, November 10th. Finally, BidaskClub cut shares of Twilio from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.78.
Twilio (NYSE:TWLO) last posted its earnings results on Wednesday, November 8th. The technology company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.12. The business had revenue of $100.54 million for the quarter, compared to analysts’ expectations of $92.50 million. Twilio had a negative net margin of 15.69% and a negative return on equity of 17.55%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. equities analysts expect that Twilio will post -0.75 EPS for the current year.
In other Twilio news, CFO Lee Kirkpatrick sold 10,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $32.17, for a total transaction of $321,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Karyn Smith sold 5,213 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $31.23, for a total transaction of $162,801.99. The disclosure for this sale can be found here. Insiders have sold 47,347 shares of company stock worth $1,416,011 over the last ninety days. Insiders own 25.03% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. FMR LLC lifted its position in shares of Twilio by 19.8% during the second quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock worth $269,541,000 after purchasing an additional 1,528,512 shares in the last quarter. Vanguard Group Inc. lifted its position 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 purchasing an additional 734,659 shares in the last quarter. Bank of New York Mellon Corp lifted its position 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 purchasing an additional 241,509 shares in the last quarter. Coatue Management LLC lifted its position in shares of Twilio by 329.4% during the second quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock worth $54,079,000 after purchasing an additional 1,425,085 shares in the last quarter. Finally, Foxhaven Asset Management LP lifted its position in shares of Twilio by 1,068.4% during the second quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock worth $40,745,000 after purchasing an additional 1,279,896 shares in the last quarter. Institutional investors own 60.13% of the company’s stock.
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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