Twilio (NYSE:TWLO) Given Market Outperform Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Twilio (NYSE:TWLO) in a report published on Friday,Benzinga reports. JMP Securities currently has a $165.00 target price on the technology company’s stock.

A number of other research firms have also weighed in on TWLO. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Needham & Company LLC raised their target price on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Stifel Nicolaus lifted their price target on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, January 24th. UBS Group lifted their price target on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and lifted their price target for the company from $77.00 to $185.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $130.91.

Twilio Price Performance

Shares of Twilio stock opened at $125.41 on Friday. Twilio has a twelve month low of $52.51 and a twelve month high of $151.95. The firm’s 50-day moving average price is $120.96 and its 200 day moving average price is $89.74. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last released 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). Twilio had a positive return on equity of 0.85% and a negative net margin of 10.65%. On average, research analysts expect that Twilio will post 0.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,015 shares of company stock worth $2,483,695 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Institutional investors and hedge funds have recently modified their holdings of the company. Ritholtz Wealth Management acquired a new position in shares of Twilio during the fourth quarter worth $344,000. KBC Group NV lifted its position in Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after acquiring an additional 9,140 shares during the last quarter. Zacks Investment Management purchased a new stake in Twilio in the third quarter valued at $3,386,000. Bleakley Financial Group LLC purchased a new stake in Twilio in the fourth quarter valued at $230,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after acquiring an additional 9,141 shares during the last quarter. Institutional investors and hedge funds 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.