Twilio (NYSE:TWLO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The firm presently has a $142.00 target price on the technology company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 16.27% from the stock’s current price.
According to Zacks, “Twilio is benefiting from a solid product menu and an increasing customer base. The company is not only gaining from a robust expansion of its existing clientele but is also aided by the first-time deals with the new ones, courtesy of Twilio’s firm focus on introducing products and the go-to-market sales strategy. Strong growth in the company’s core voice and messaging products is a key driver. Rising adoption of new products is also driving its dollar-based net expansion rate. Shares have outperformed the industry in the past year. Estimates have been stable ahead of the company's Q1 earnings release. However, heightening competition in the cloud telecommunications market is inducing pricing pressure for the company, which is an overhang on its profitability.”
A number of other equities analysts have also commented on TWLO. Deutsche Bank boosted their price objective on Twilio to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, December 18th. Stephens assumed coverage on Twilio in a research note on Thursday, January 3rd. They issued an “equal weight” rating and a $110.00 price objective on the stock. KeyCorp reissued an “overweight” rating and issued a $114.00 price objective (up previously from $103.00) on shares of Twilio in a research note on Tuesday, January 8th. Robert W. Baird reissued an “outperform” rating and issued a $134.00 price objective (up previously from $105.00) on shares of Twilio in a research note on Friday, February 1st. Finally, Bank of America reissued a “buy” rating and issued a $125.00 price objective (up previously from $92.00) on shares of Twilio in a research note on Thursday, February 7th. Two research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $125.55.
Shares of NYSE:TWLO opened at $122.13 on Wednesday. Twilio has a fifty-two week low of $39.59 and a fifty-two week high of $136.00. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of -152.66 and a beta of 1.34. The company has a current ratio of 6.33, a quick ratio of 6.33 and a debt-to-equity ratio of 0.99.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, February 12th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.21. Twilio had a negative return on equity of 21.00% and a negative net margin of 18.76%. The firm had revenue of $204.30 million for the quarter, compared to analysts’ expectations of $184.46 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The business’s revenue was up 77.3% compared to the same quarter last year. As a group, research analysts predict that Twilio will post -1.08 EPS for the current fiscal year.
In other news, Director Erika Rottenberg sold 808 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $106.22, for a total transaction of $85,825.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO George Hu sold 10,000 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $111.50, for a total value of $1,115,000.00. The disclosure for this sale can be found here. Insiders have sold 100,165 shares of company stock worth $12,076,547 in the last ninety days. 19.80% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of TWLO. Coatue Management LLC acquired a new position in shares of Twilio during the fourth quarter valued at $86,056,000. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Twilio by 1,234.3% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 974,515 shares of the technology company’s stock valued at $87,024,000 after buying an additional 901,480 shares during the period. 1832 Asset Management L.P. acquired a new position in Twilio in the fourth quarter valued at about $72,497,000. Vanguard Group Inc lifted its stake in Twilio by 10.5% in the third quarter. Vanguard Group Inc now owns 6,480,321 shares of the technology company’s stock valued at $559,122,000 after buying an additional 613,596 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Twilio by 10.5% in the third quarter. Vanguard Group Inc. now owns 6,480,321 shares of the technology company’s stock valued at $559,122,000 after buying an additional 613,596 shares during the period. 57.19% of the stock is currently owned by institutional investors and hedge funds.
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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