KeyCorp Reaffirms Hold Rating for Twilio (TWLO)

KeyCorp reiterated their hold rating on shares of Twilio (NYSE:TWLO) in a report released on Tuesday. KeyCorp also issued estimates for Twilio’s Q4 2017 earnings at ($0.17) EPS, FY2017 earnings at ($0.74) EPS, Q1 2018 earnings at ($0.18) EPS, Q2 2018 earnings at ($0.19) EPS, Q3 2018 earnings at ($0.16) EPS, Q4 2018 earnings at ($0.15) EPS and FY2018 earnings at ($0.66) EPS.

“We were impressed by the Engagement Cloud vision that Twilio displayed at its first analyst day in San Francisco. While the Company remains focused on a broad vision of disrupting the trillion-dollar communications industry through simple software APIs and a developer- first approach, the growth strategy appears to be solidifying as it moves further up the stack with multiple API components that can be bundled to solve higher-level bottlenecks. The Engagement Cloud, for example, could include 11 unique APIs such as Voice, Chat, SMS, Facebook, Studio, Notify, Understand, Frame, Sync, TaskRouter, and Marketplace. New COO refreshes the go-to-market approach. George Hu, the former COO of Salesforce.com who joined Twilio in March 2017, gave a presentation on the recent changes in the Company’s go-to-market strategy.”,” the firm’s analyst wrote.

Several other research firms have also weighed in on TWLO. Goldman Sachs Group reaffirmed a sell rating and issued a $33.00 price objective (up from $30.00) on shares of Twilio in a research note on Wednesday, August 9th. Drexel Hamilton reissued a buy rating and set a $47.00 price target (up from $44.00) on shares of Twilio in a research note on Wednesday, August 9th. Northland Securities reissued a buy rating and set a $36.00 price target on shares of Twilio in a research note on Friday, October 13th. BidaskClub raised Twilio from a hold rating to a buy rating in a research note on Thursday, October 5th. Finally, Oppenheimer reissued a buy rating and set a $38.00 price target on shares of Twilio in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Twilio presently has an average rating of Buy and an average price target of $36.78.

Twilio (NYSE TWLO) traded up $0.73 during trading hours on Tuesday, reaching $24.80. The company had a trading volume of 2,213,400 shares, compared to its average volume of 2,756,536. Twilio has a fifty-two week low of $22.80 and a fifty-two week high of $35.15.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.12. The business had revenue of $100.54 million for the quarter, compared to analyst estimates of $92.50 million. Twilio had a negative return on equity of 17.55% and a negative net margin of 15.69%. Twilio’s revenue was up 40.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. equities analysts predict that Twilio will post -0.75 EPS for the current fiscal year.

In other news, General Counsel Karyn Smith sold 5,381 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $31.48, for a total transaction of $169,393.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lee Kirkpatrick sold 13,829 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $30.85, for a total value of $426,624.65. The disclosure for this sale can be found here. Insiders have sold 47,347 shares of company stock valued at $1,416,011 over the last 90 days. 25.03% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC raised its position in shares of Twilio by 19.8% during the second quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock worth $269,541,000 after acquiring an additional 1,528,512 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Twilio by 21.1% during the second quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock worth $122,629,000 after acquiring an additional 734,659 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Twilio by 6.3% during the third quarter. Bank of New York Mellon Corp now owns 4,096,296 shares of the technology company’s stock worth $122,275,000 after acquiring an additional 241,509 shares during the last quarter. Coatue Management LLC raised its position in shares of Twilio by 329.4% during the second quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock worth $54,079,000 after acquiring an additional 1,425,085 shares during the last quarter. Finally, Foxhaven Asset Management LP raised its position in shares of Twilio by 1,068.4% during the second quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock worth $40,745,000 after acquiring an additional 1,279,896 shares during the last quarter. Institutional investors own 60.13% of the company’s stock.

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Twilio Company Profile

Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).

Analyst Recommendations for Twilio (NYSE:TWLO)

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