JMP Securities Reaffirms “Market Outperform” Rating for Twilio (NYSE:TWLO)

Twilio (NYSE:TWLO)‘s stock had its “market outperform” rating reissued by investment analysts at JMP Securities in a note issued to investors on Tuesday,Benzinga reports. They presently have a $165.00 price target on the technology company’s stock. JMP Securities’ target price suggests a potential upside of 70.45% from the company’s previous close.

Other analysts have also issued reports about the stock. UBS Group raised their price objective on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Morgan Stanley dropped their price objective on Twilio from $160.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.65.

Twilio Stock Up 0.3 %

NYSE:TWLO opened at $96.80 on Tuesday. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a market capitalization of $14.77 billion, a PE ratio of -151.25, a P/E/G ratio of 4.30 and a beta of 1.50. The firm’s 50-day moving average price is $98.07 and its 200-day moving average price is $104.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, equities analysts predict that Twilio will post 1.44 EPS for the current fiscal year.

Insider Activity

In other news, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the sale, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares of the company’s stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 in the last ninety days. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Large investors have recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of Twilio during the 1st quarter worth $28,000. Cloud Capital Management LLC purchased a new stake in shares of Twilio in the 1st quarter worth approximately $34,000. JFS Wealth Advisors LLC boosted its stake in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 166 shares during the period. Finally, UMB Bank n.a. bought a new position in Twilio in the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.