Twilio (NYSE:TWLO) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Twilio (NYSE:TWLO) in a report published on Wednesday morning, Benzinga reports. Needham & Company LLC currently has a $71.00 target price on the technology company’s stock.

Several other brokerages have also recently weighed in on TWLO. The Goldman Sachs Group increased their price target on Twilio from $69.00 to $70.00 and gave the company a neutral rating in a research note on Wednesday, March 6th. Robert W. Baird dropped their price target on shares of Twilio from $70.00 to $65.00 and set a neutral rating on the stock in a research report on Wednesday. Piper Sandler upgraded shares of Twilio from a neutral rating to an overweight rating and increased their price objective for the stock from $75.00 to $82.00 in a research report on Friday, January 12th. UBS Group dropped their target price on shares of Twilio from $82.00 to $74.00 and set a buy rating on the stock in a report on Wednesday, March 6th. Finally, Barclays increased their price target on Twilio from $60.00 to $70.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $68.59.

Twilio Stock Down 7.5 %

Shares of NYSE TWLO opened at $58.61 on Wednesday. The company has a 50 day simple moving average of $60.72 and a 200 day simple moving average of $64.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. Twilio has a 1 year low of $45.02 and a 1 year high of $78.16. The firm has a market cap of $10.67 billion, a PE ratio of -10.58 and a beta of 1.33.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. On average, research analysts forecast that Twilio will post -0.11 EPS for the current year.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the sale, the chief financial officer now directly owns 167,101 shares in the company, valued at $10,529,034.01. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 458 shares of Twilio stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the completion of the transaction, the insider now owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock worth $1,910,447 in the last quarter. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TWLO. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Twilio by 14.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after purchasing an additional 167 shares in the last quarter. Blue Zone Wealth Advisors LLC raised its stake in shares of Twilio by 4.0% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after acquiring an additional 181 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Twilio by 1.8% during the fourth quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock worth $775,000 after acquiring an additional 185 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Twilio by 29.0% in the 1st quarter. Fifth Third Bancorp now owns 841 shares of the technology company’s stock worth $51,000 after acquiring an additional 189 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. boosted its stake in shares of Twilio by 15.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock valued at $112,000 after purchasing an additional 192 shares in the last quarter. Institutional investors 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.