Twilio’s (TWLO) Overweight Rating Reiterated at KeyCorp

KeyCorp reaffirmed their overweight rating on shares of Twilio (NYSE:TWLO) in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. KeyCorp currently has a $127.00 target price on the technology company’s stock.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Twilio from a sell rating to a hold rating and set a $103.00 price objective for the company in a research note on Friday, November 15th. Oppenheimer restated a buy rating and set a $145.00 price objective on shares of Twilio in a research note on Tuesday, January 7th. Northland Securities reduced their price objective on shares of Twilio from $151.00 to $130.00 and set an outperform rating for the company in a research note on Thursday, October 31st. ValuEngine lowered shares of Twilio from a buy rating to a hold rating in a research note on Saturday, January 4th. Finally, Morgan Stanley upgraded shares of Twilio from an equal rating to an equal weight rating and raised their price objective for the company from $130.00 to $135.00 in a research note on Thursday, September 19th. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $136.17.

Shares of NYSE TWLO opened at $119.88 on Monday. Twilio has a 1 year low of $89.81 and a 1 year high of $151.00. The stock has a market cap of $15.87 billion, a P/E ratio of -149.85 and a beta of 1.10. The firm has a 50-day moving average of $102.81 and a 200 day moving average of $116.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 9.57 and a quick ratio of 9.57.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $295.00 million during the quarter, compared to analysts’ expectations of $287.96 million. Twilio had a negative net margin of 26.20% and a negative return on equity of 6.02%. Twilio’s revenue was up 74.6% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. Research analysts expect that Twilio will post -1.5 earnings per share for the current fiscal year.

In other news, Director Bessemer Venture Partners Vii sold 7,402 shares of Twilio stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $103.11, for a total value of $763,220.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Karyn Smith sold 4,523 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $115.36, for a total transaction of $521,773.28. The disclosure for this sale can be found here. Insiders sold 200,835 shares of company stock valued at $20,637,343 over the last quarter. Company insiders own 10.85% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV grew its position in Twilio by 94.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 218 shares of the technology company’s stock valued at $30,000 after buying an additional 106 shares during the period. Financial Architects Inc grew its position in Twilio by 195.1% during the third quarter. Financial Architects Inc now owns 233 shares of the technology company’s stock valued at $26,000 after buying an additional 478 shares during the period. Captrust Financial Advisors grew its position in Twilio by 153.8% during the second quarter. Captrust Financial Advisors now owns 330 shares of the technology company’s stock valued at $45,000 after buying an additional 200 shares during the period. Baldwin Brothers Inc. MA bought a new stake in Twilio during the third quarter valued at approximately $44,000. Finally, Salomon & Ludwin LLC bought a new stake in Twilio during the second quarter valued at approximately $71,000. Institutional investors own 80.73% 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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Analyst Recommendations for Twilio (NYSE:TWLO)

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