Twilio Inc. (NYSE:TWLO) Receives Consensus Recommendation of “Buy” from Brokerages

Twilio Inc. (NYSE:TWLO) has been given an average rating of “Buy” by the twenty-eight research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $445.64.

Several equities analysts recently weighed in on TWLO shares. Macquarie increased their price objective on shares of Twilio from $420.00 to $510.00 and gave the company an “outperform” rating in a report on Thursday, February 18th. Wells Fargo & Company increased their price objective on shares of Twilio from $450.00 to $525.00 and gave the company an “overweight” rating in a report on Thursday, February 18th. Rosenblatt Securities upped their target price on shares of Twilio from $450.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, February 18th. JMP Securities upped their target price on shares of Twilio from $360.00 to $510.00 and gave the company a “market outperform” rating in a research note on Thursday, February 25th. Finally, Needham & Company LLC upped their target price on shares of Twilio from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 18th.

In related news, COO George Hu sold 4,485 shares of the stock in a transaction on Monday, May 17th. The shares were sold at an average price of $298.60, for a total transaction of $1,339,221.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Karyn Smith sold 1,067 shares of the stock in a transaction on Monday, May 17th. The stock was sold at an average price of $298.60, for a total transaction of $318,606.20. The disclosure for this sale can be found here. Insiders have sold 140,323 shares of company stock valued at $49,397,337 in the last 90 days. 6.68% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HM Payson & Co. acquired a new position in shares of Twilio during the 4th quarter worth about $27,000. Abundance Wealth Counselors bought a new position in Twilio during the first quarter worth about $27,000. Lloyd Advisory Services LLC. increased its position in Twilio by 645.5% during the first quarter. Lloyd Advisory Services LLC. now owns 82 shares of the technology company’s stock worth $28,000 after buying an additional 71 shares during the last quarter. Meridian Wealth Partners LLC bought a new stake in Twilio in the first quarter valued at approximately $29,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Twilio by 4,500.0% in the first quarter. First Horizon Advisors Inc. now owns 92 shares of the technology company’s stock valued at $30,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

NYSE TWLO traded up $1.19 during trading hours on Friday, hitting $325.29. The company’s stock had a trading volume of 16,833 shares, compared to its average volume of 2,183,868. The stock has a fifty day moving average of $341.00. Twilio has a twelve month low of $187.53 and a twelve month high of $457.30. The firm has a market cap of $56.18 billion, a price-to-earnings ratio of -83.98 and a beta of 1.43. The company has a quick ratio of 12.19, a current ratio of 12.19 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Wednesday, May 5th. The technology company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.58) by $0.63. Twilio had a negative net margin of 30.33% and a negative return on equity of 5.84%. As a group, sell-side analysts anticipate that Twilio will post -2.59 EPS for the current year.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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Analyst Recommendations for Twilio (NYSE:TWLO)

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