HSBC Begins Coverage on Twilio (NYSE:TWLO)

HSBC started coverage on shares of Twilio (NYSE:TWLO) in a research report released on Friday, Marketbeat Ratings reports. The firm issued a hold rating and a $67.00 price objective on the technology company’s stock.

A number of other analysts also recently issued reports on the stock. Northland Securities boosted their price objective on shares of Twilio from $60.00 to $66.00 and gave the company an outperform rating in a report on Thursday, August 10th. StockNews.com began coverage on shares of Twilio in a report on Thursday, August 17th. They set a hold rating for the company. Royal Bank of Canada downgraded shares of Twilio from a sector perform rating to an underperform rating and cut their price target for the stock from $55.00 to $50.00 in a report on Monday, July 24th. Wells Fargo & Company upped their price target on shares of Twilio from $60.00 to $65.00 and gave the stock an equal weight rating in a report on Wednesday, August 9th. Finally, Barclays upped their price target on shares of Twilio from $50.00 to $60.00 and gave the stock an equal weight rating in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Twilio presently has an average rating of Hold and an average price target of $70.12.

Twilio Trading Down 3.0 %

Shares of NYSE:TWLO opened at $60.84 on Friday. Twilio has a 12 month low of $41.00 and a 12 month high of $79.70. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $62.95 and its 200 day simple moving average is $61.69. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of -9.19 and a beta of 1.34.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.24. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $984.52 million. Twilio had a negative net margin of 30.11% and a negative return on equity of 4.85%. As a group, research analysts forecast that Twilio will post -0.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 7,062 shares of Twilio stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $64.35, for a total transaction of $454,439.70. Following the transaction, the insider now directly owns 144,560 shares of the company’s stock, valued at $9,302,436. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Dana Wagner sold 7,062 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $64.35, for a total transaction of $454,439.70. Following the sale, the insider now owns 144,560 shares in the company, valued at approximately $9,302,436. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,184 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $64.07, for a total transaction of $396,208.88. Following the completion of the transaction, the chief financial officer now owns 198,257 shares in the company, valued at approximately $12,702,325.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,404 shares of company stock valued at $2,390,869. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Twilio

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in shares of Twilio by 39.9% in the first quarter. Acadian Asset Management LLC now owns 1,178 shares of the technology company’s stock valued at $192,000 after acquiring an additional 336 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Twilio during the first quarter worth about $894,000. Panagora Asset Management Inc. grew its stake in shares of Twilio by 29.1% during the first quarter. Panagora Asset Management Inc. now owns 2,788 shares of the technology company’s stock worth $459,000 after acquiring an additional 629 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Twilio by 57.9% during the first quarter. Synovus Financial Corp now owns 4,959 shares of the technology company’s stock worth $817,000 after acquiring an additional 1,818 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Twilio by 22.4% during the first quarter. Dimensional Fund Advisors LP now owns 265,429 shares of the technology company’s stock worth $43,765,000 after acquiring an additional 48,552 shares during the last quarter. 80.87% of the stock is owned by hedge funds and other institutional investors.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.