Twilio (NYSE:TWLO) PT Lowered to $68.00

Twilio (NYSE:TWLO) had its price objective lowered by investment analysts at Sanford C. Bernstein from $70.00 to $68.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “market perform” rating on the technology company’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 14.34% from the company’s previous close.

Other analysts also recently issued reports about the stock. Piper Sandler upgraded shares of Twilio from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $82.00 in a research report on Friday, January 12th. TD Cowen lowered their target price on Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 6th. Wells Fargo & Company reduced their price target on Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 6th. UBS Group lowered their price target on Twilio from $82.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Twilio in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.59.

Twilio Stock Up 1.5 %

Shares of NYSE TWLO opened at $59.47 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. Twilio has a 1 year low of $45.02 and a 1 year high of $78.16. The stock’s 50-day simple moving average is $60.69 and its 200-day simple moving average is $64.30. The firm has a market cap of $10.83 billion, a price-to-earnings ratio of -14.83 and a beta of 1.33.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.17. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. As a group, equities analysts anticipate that Twilio will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,961 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the transaction, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Twilio news, insider Dana Wagner sold 841 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total transaction of $51,662.63. Following the transaction, the insider now owns 166,773 shares in the company, valued at $10,244,865.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the transaction, the chief executive officer now owns 335,982 shares in the company, valued at approximately $20,874,561.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,958 shares of company stock valued at $1,910,447. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several hedge funds have recently modified their holdings of TWLO. Commonwealth Equity Services LLC grew its holdings in Twilio by 1.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 110,155 shares of the technology company’s stock worth $6,447,000 after acquiring an additional 1,951 shares during the last quarter. Raymond James & Associates grew its stake in shares of Twilio by 10.0% during the third quarter. Raymond James & Associates now owns 41,632 shares of the technology company’s stock valued at $2,437,000 after purchasing an additional 3,786 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Twilio by 7.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 29,022 shares of the technology company’s stock valued at $1,699,000 after purchasing an additional 2,014 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Twilio in the 3rd quarter worth approximately $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Twilio by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,111 shares of the technology company’s stock worth $2,757,000 after buying an additional 1,881 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

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.