Shares of Twilio Inc (NYSE:TWLO) have been assigned an average rating of “Buy” from the twenty-six brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $135.61.

A number of research analysts have recently issued reports on TWLO shares. Oppenheimer reduced their price target on shares of Twilio from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. KeyCorp increased their price objective on shares of Twilio from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Morgan Stanley raised shares of Twilio from an “equal” rating to a “weight” rating and increased their price objective for the stock from $130.00 to $135.00 in a report on Thursday, September 19th. DA Davidson dropped their price objective on shares of Twilio to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, ValuEngine raised shares of Twilio from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th.

In other news, General Counsel Karyn Smith sold 16,678 shares of Twilio stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $106.15, for a total value of $1,770,369.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO George Hu sold 1,000 shares of Twilio stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $132.93, for a total transaction of $132,930.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,919 shares of company stock worth $13,155,160. 10.85% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Twilio by 20.0% in the second quarter. Vanguard Group Inc. now owns 10,068,328 shares of the technology company’s stock worth $1,372,817,000 after buying an additional 1,675,494 shares during the period. Morgan Stanley boosted its holdings in shares of Twilio by 26.6% in the second quarter. Morgan Stanley now owns 8,268,134 shares of the technology company’s stock worth $1,127,360,000 after buying an additional 1,736,102 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Twilio by 123.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,191,487 shares of the technology company’s stock worth $707,859,000 after buying an additional 2,869,996 shares during the period. Jennison Associates LLC boosted its holdings in shares of Twilio by 264.4% in the second quarter. Jennison Associates LLC now owns 3,482,690 shares of the technology company’s stock worth $474,865,000 after buying an additional 2,526,830 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Twilio by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 2,327,120 shares of the technology company’s stock worth $317,303,000 after buying an additional 106,790 shares during the period. 75.99% of the stock is currently owned by institutional investors.

Shares of Twilio stock traded up $1.34 during trading hours on Thursday, reaching $103.00. The company’s stock had a trading volume of 2,495,444 shares, compared to its average volume of 4,160,443. The company’s 50 day simple moving average is $104.36 and its 200 day simple moving average is $125.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 9.57 and a current ratio of 9.57. Twilio has a one year low of $71.56 and a one year high of $151.00. The stock has a market cap of $13.65 billion, a P/E ratio of -128.75 and a beta of 1.14.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. Twilio had a negative net margin of 26.20% and a negative return on equity of 6.02%. The company had revenue of $295.00 million for the quarter, compared to the consensus estimate of $287.96 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 74.6% on a year-over-year basis. On average, sell-side analysts predict that Twilio will post -1.5 earnings per share for the current fiscal year.

About Twilio

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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