Twilio’s (TWLO) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Twilio (NYSE:TWLO) in a research report released on Tuesday morning, Benzinga reports. They currently have a $110.00 target price on the technology company’s stock.

A number of other research analysts have also commented on TWLO. Wells Fargo & Company upped their price target on Twilio from $60.00 to $65.00 and gave the stock an equal weight rating in a report on Friday, August 2nd. Sanford C. Bernstein upped their price target on Twilio from $68.00 to $70.00 and gave the stock a market perform rating in a report on Tuesday, August 27th. JPMorgan Chase & Co. upped their price target on Twilio from $76.00 to $78.00 and gave the stock an overweight rating in a report on Friday, August 2nd. Piper Sandler reiterated an overweight rating and set a $83.00 price target (up from $77.00) on shares of Twilio in a report on Friday, August 2nd. Finally, Morgan Stanley lowered Twilio from an overweight rating to an equal weight rating and cut their price target for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Twilio presently has a consensus rating of Hold and a consensus target price of $70.52.

Twilio Price Performance

Shares of TWLO opened at $70.28 on Tuesday. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of -21.36, a P/E/G ratio of 3.94 and a beta of 1.35. Twilio has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The business’s 50-day moving average is $62.03 and its 200-day moving average is $59.88.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.23) EPS. Equities research analysts expect that Twilio will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the sale, the insider now owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock valued at $3,388,596 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Twilio

Several large investors have recently bought and sold shares of TWLO. Caxton Associates LP bought a new position in Twilio in the fourth quarter valued at about $2,000,000. Garner Asset Management Corp bought a new position in Twilio in the fourth quarter valued at about $105,000. Bares Capital Management Inc. raised its position in Twilio by 28.6% in the fourth quarter. Bares Capital Management Inc. now owns 428,730 shares of the technology company’s stock valued at $32,528,000 after purchasing an additional 95,258 shares during the last quarter. Clarity Capital Partners LLC acquired a new stake in shares of Twilio in the fourth quarter valued at about $345,000. Finally, V Square Quantitative Management LLC increased its stake in shares of Twilio by 68.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after buying an additional 792 shares during the period. 84.27% of the stock is currently owned by institutional investors.

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.