Twilio’s (TWLO) Underperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their underperform rating on shares of Twilio (NYSE:TWLO) in a report issued on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has a $75.00 price target on the technology company’s stock.

Several other equities research analysts have also recently weighed in on TWLO. Wells Fargo & Company increased their price objective on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and increased their price target for the company from $77.00 to $185.00 in a report on Monday, January 27th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Monness Crespi & Hardt increased their target price on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Morgan Stanley upgraded Twilio from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $144.00 to $160.00 in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio presently has an average rating of “Moderate Buy” and an average target price of $135.35.

Twilio Price Performance

NYSE TWLO opened at $103.44 on Wednesday. Twilio has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a fifty day simple moving average of $121.32 and a 200 day simple moving average of $98.86. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $15.79 billion, a P/E ratio of -161.62, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, sell-side analysts predict that Twilio will post 1.44 EPS for the current year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was 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 trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock worth $2,441,324 in the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TWLO. JFS Wealth Advisors LLC raised its holdings in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in Twilio during the 4th quarter worth $44,000. True Wealth Design LLC lifted its holdings in Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after acquiring an additional 360 shares during the period. 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.