Twilio (NYSE:TWLO) Earns Underperform Rating from Royal Bank of Canada

Twilio (NYSE:TWLO)‘s stock had its “underperform” rating reissued by equities research analysts at Royal Bank of Canada in a note issued to investors on Tuesday,Benzinga reports. They presently have a $50.00 target price on the technology company’s stock. Royal Bank of Canada’s price target indicates a potential downside of 55.70% from the stock’s current price.

TWLO has been the subject of a number of other reports. Jefferies Financial Group boosted their target price on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Morgan Stanley upped their price objective on Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday. Robert W. Baird upped their price objective on Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Oppenheimer upped their price objective on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Piper Sandler upped their target price on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Twilio has a consensus rating of “Hold” and an average target price of $93.74.

Twilio Stock Up 0.8 %

Shares of TWLO traded up $0.92 during mid-day trading on Tuesday, reaching $112.86. The company had a trading volume of 776,107 shares, compared to its average volume of 2,020,599. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a 50-day moving average price of $107.49 and a 200 day moving average price of $79.83. Twilio has a 52 week low of $52.51 and a 52 week high of $117.92. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of -43.85, a price-to-earnings-growth ratio of 2.20 and a beta of 1.38.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock valued at $2,844,655 in the last ninety days. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

Hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC boosted its stake in Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares in the last quarter. Covestor Ltd boosted its stake in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares in the last quarter. GAMMA Investing LLC boosted its stake in Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after acquiring an additional 170 shares in the last quarter. Metis Global Partners LLC lifted its stake in shares of Twilio by 2.5% during the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after buying an additional 182 shares during the period. Finally, Carolina Wealth Advisors LLC lifted its stake in shares of Twilio by 2.4% during the fourth quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock worth $976,000 after buying an additional 208 shares during the period. 84.27% of the stock is currently owned by institutional investors.

About Twilio

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.