Weekly Analysts’ Ratings Changes for Twilio (TWLO)

Twilio (NYSE: TWLO) has recently received a number of price target changes and ratings updates:

  • 11/8/2018 – Twilio had its price target raised by analysts at Argus from $90.00 to $110.00. They now have a “buy” rating on the stock.
  • 11/7/2018 – Twilio had its price target raised by analysts at JPMorgan Chase & Co. to $84.00. They now have an “overweight” rating on the stock.
  • 11/7/2018 – Twilio had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $95.00 price target on the stock.
  • 11/7/2018 – Twilio had its price target raised by analysts at Mitsubishi UFJ Financial Group to $87.00. They now have an “overweight” rating on the stock.
  • 11/7/2018 – Twilio had its price target raised by analysts at Canaccord Genuity from $80.00 to $90.00. They now have a “buy” rating on the stock.
  • 11/7/2018 – Twilio had its price target raised by analysts at Bank of America Corp from $87.00 to $92.00. They now have a “buy” rating on the stock.
  • 11/7/2018 – Twilio had its price target raised by analysts at Monness Crespi & Hardt from $108.00 to $117.00. They now have a “buy” rating on the stock.
  • 10/12/2018 – Twilio was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $83.00 price target on the stock. According to Zacks, “Twilio is benefitting from remarkable growth in active customer account. The company’s key initiatives, which include acquisitions and go-to-market sales strategy, are helping it in gaining customers, which bodes well for long-term growth. Moreover, it is making strategic alliances, as well as has employed more employees outside the U.S. office to enhance international operations. These efforts have paid off well for the company. Furthermore, Twilio’s consistent efforts toward developing innovative use case products will continue to boost its revenues over the long run. Notably, shares have outperformed the industry on a year-to-date basis. However, we are concerned about its declining gross margin, which has been negatively impacted by shift in international traffic mix and reduced revenue contribution from Uber.”
  • 10/11/2018 – Twilio had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $99.00 price target on the stock. They wrote, “We see Twilio’s developer conference, Francisco next week as a potential catalyst that could strengthen the investment thesis of revenue quadrupling by 2022 to $2B driven by robust customer adds and expanding usage of its communication APIs that are enabling brands to establish direct connections with consumers (i.e., Lyft, etc.). This event comes on the heels of a -20% sell-off in TWLO shares during the first ten days of October vs. NASDAQ -9%.””
  • 10/8/2018 – Twilio is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $88.00 price target on the stock.
  • 10/2/2018 – Twilio is now covered by analysts at DA Davidson. They set a “buy” rating and a $99.00 price target on the stock.
  • 9/12/2018 – Twilio had its price target raised by analysts at Monness Crespi & Hardt from $85.00 to $108.00. They now have a “buy” rating on the stock.

TWLO opened at $91.95 on Friday. Twilio Inc has a one year low of $23.25 and a one year high of $98.89. The stock has a market capitalization of $6.92 billion, a PE ratio of -117.88 and a beta of 1.00. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 0.98.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. Twilio had a negative return on equity of 19.56% and a negative net margin of 16.70%. The business had revenue of $168.90 million for the quarter, compared to the consensus estimate of $151.62 million. During the same quarter in the prior year, the business posted ($0.08) EPS. The business’s revenue for the quarter was up 68.0% on a year-over-year basis. On average, research analysts expect that Twilio Inc will post -0.77 earnings per share for the current year.

In related news, General Counsel Karyn Smith sold 2,009 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $73.71, for a total value of $148,083.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeff Lawson sold 20,830 shares of the company’s stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $71.67, for a total value of $1,492,886.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,477 shares of company stock worth $14,711,857. Company insiders own 19.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TWLO. Catalyst Capital Advisors LLC acquired a new stake in shares of Twilio in the 2nd quarter valued at about $112,000. Patton Albertson Miller Group LLC acquired a new stake in shares of Twilio in the 3rd quarter valued at about $115,000. Synovus Financial Corp acquired a new stake in shares of Twilio in the 3rd quarter valued at about $129,000. Tower Research Capital LLC TRC acquired a new stake in shares of Twilio in the 2nd quarter valued at about $182,000. Finally, BKS Advisors LLC acquired a new stake in shares of Twilio in the 3rd quarter valued at about $208,000. 57.29% of the stock is owned by hedge funds and other institutional investors.

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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