Zacks Investment Research Upgrades Twilio (NYSE:TWLO) to “Hold”

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Twilio (NYSE:TWLO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports. The firm currently has a $103.00 target price on the technology company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 3.60% from the company’s current price.

According to Zacks, “Twilio delivered better-than-expected third-quarter 2019 results. The company is benefiting from increasing clientele and the Sendgrid buyout. Growing adoption of Twilio Flex is also a tailwind. The company is not only gaining traction from a solid expansion of its existing clientele but is also aided by the first-time deals with the new customers, courtesy of its firm focus on introducing products and the go-to-market sales strategy. However, the bearish guidance provided by management for the full year as well as the fourth quarter is a concern. Robust political traffic coupled with the ramp of a large international customer is likely to induce a tough year-over-year comparison. Intensifying 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 recently issued reports on the company. KeyCorp upped their target price on Twilio from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Rosenblatt Securities lowered their target price on Twilio from $150.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Northland Securities lowered their target price on Twilio from $151.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Bank of America lowered their target price on Twilio from $160.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Royal Bank of Canada lowered their target price on Twilio from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $137.25.

Shares of Twilio stock traded up $1.31 during trading on Friday, reaching $99.43. 2,297,591 shares of the company’s stock were exchanged, compared to its average volume of 5,252,389. The company has a debt-to-equity ratio of 0.14, a quick ratio of 9.57 and a current ratio of 9.57. Twilio has a 1-year low of $71.56 and a 1-year high of $151.00. The company has a market cap of $13.04 billion, a P/E ratio of -124.28 and a beta of 1.14. The firm’s 50-day moving average price is $105.00 and its 200 day moving average price is $126.41.

Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, October 30th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Twilio had a negative return on equity of 6.02% and a negative net margin of 26.20%. The business had revenue of $295.00 million during the quarter, compared to analysts’ expectations of $287.96 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 74.6% compared to the same quarter last year. As a group, equities research analysts predict that Twilio will post -1.5 EPS for the current year.

In other Twilio news, Director Richard L. Dalzell sold 500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $108.40, for a total value of $54,200.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Karyn Smith sold 16,678 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $106.15, for a total value of $1,770,369.70. The disclosure for this sale can be found here. Insiders sold a total of 158,706 shares of company stock worth $18,307,629 in the last quarter. Corporate insiders own 10.85% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Centaurus Financial Inc. boosted its position in shares of Twilio by 46.1% during the 1st quarter. Centaurus Financial Inc. now owns 3,209 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,012 shares in the last quarter. Financial Architects Inc boosted its position in shares of Twilio by 195.1% during the 3rd quarter. Financial Architects Inc now owns 233 shares of the technology company’s stock valued at $26,000 after purchasing an additional 478 shares in the last quarter. Truewealth LLC bought a new stake in shares of Twilio during the 2nd quarter valued at about $27,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Twilio by 94.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 218 shares of the technology company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. Finally, Banco de Sabadell S.A bought a new stake in shares of Twilio during the 2nd quarter valued at about $31,000. Institutional investors own 74.91% of the company’s stock.

About Twilio

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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