Stock analysts at KeyCorp started coverage on shares of Twilio (NYSE:TWLO – Get Free Report) in a report issued on Friday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $146.00 price target on the technology company’s stock. KeyCorp’s price target indicates a potential upside of 19.81% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Twilio in a research report on Friday, May 16th. Wall Street Zen lowered shares of Twilio from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th. Morgan Stanley decreased their target price on shares of Twilio from $160.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group boosted their target price on shares of Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Finally, Jefferies Financial Group decreased their target price on shares of Twilio from $145.00 to $108.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $125.35.
Get Our Latest Report on Twilio
Twilio Stock Performance
Twilio (NYSE:TWLO – Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. On average, sell-side analysts predict that Twilio will post 1.44 earnings per share for the current year.
Insider Buying and Selling at Twilio
In other Twilio news, Director Erika Rottenberg sold 4,100 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director now directly owns 33,488 shares in the company, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 1,924 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $112.75, for a total transaction of $216,931.00. Following the completion of the transaction, the chief financial officer now owns 165,982 shares in the company, valued at approximately $18,714,470.50. This trade represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,884 shares of company stock worth $4,719,065. Corporate insiders own 0.21% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of TWLO. LRI Investments LLC acquired a new position in shares of Twilio during the 1st quarter valued at about $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Twilio during the 1st quarter valued at about $28,000. TCTC Holdings LLC increased its stake in shares of Twilio by 118.1% during the 1st quarter. TCTC Holdings LLC now owns 338 shares of the technology company’s stock valued at $33,000 after acquiring an additional 183 shares during the last quarter. Cloud Capital Management LLC acquired a new position in shares of Twilio during the 1st quarter valued at about $34,000. Finally, UMB Bank n.a. acquired a new position in shares of Twilio during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 84.27% of the company’s stock.
About Twilio
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.
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