Twilio (NYSE:TWLO – Get Rating) updated its third quarter 2022 earnings guidance on Wednesday. The company provided EPS guidance of -$0.43–$0.37 for the period, compared to the consensus EPS estimate of -$0.36. The company issued revenue guidance of $965.00 million-$975.00 million, compared to the consensus revenue estimate of $971.44 million.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group decreased their target price on Twilio from $245.00 to $153.00 and set a buy rating for the company in a research report on Friday, August 5th. Atlantic Securities cut Twilio from an overweight rating to a neutral rating and cut their price target for the stock from $240.00 to $100.00 in a research note on Friday, August 5th. Credit Suisse Group assumed coverage on Twilio in a research note on Friday, September 23rd. They issued a neutral rating and a $80.00 price target on the stock. Macquarie cut Twilio from an outperform rating to a neutral rating and set a $96.00 price target on the stock. in a research note on Monday, July 25th. Finally, Morgan Stanley cut their price target on Twilio from $240.00 to $160.00 and set an overweight rating on the stock in a research note on Thursday, July 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $151.62.
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Twilio Stock Performance
TWLO stock traded down $1.45 on Friday, reaching $69.14. The company's stock had a trading volume of 2,457,288 shares, compared to its average volume of 4,013,233. Twilio has a 52 week low of $64.29 and a 52 week high of $373.00. The company has a market capitalization of $12.56 billion, a P/E ratio of -11.74 and a beta of 1.58. The firm has a fifty day moving average of $77.26 and a two-hundred day moving average of $101.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.42 and a quick ratio of 6.42.
Twilio (NYSE:TWLO – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The technology company reported ($1.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.51). The firm had revenue of $943.35 million for the quarter, compared to the consensus estimate of $920.97 million. Twilio had a negative net
margin of 31.16% and a negative return on equity of 7.05%. The business's revenue for the quarter was up 41.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.94) earnings per share. As a group, analysts predict that Twilio will post -4.27 EPS for the current fiscal year.
Insider Activity
In other news, insider Eyal Manor sold 397 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $76.34, for a total transaction of $30,306.98. Following the completion of the sale, the insider now owns 156,084 shares in the company, valued at approximately $11,915,452.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Eyal Manor sold 397 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $76.34, for a total value of $30,306.98. Following the completion of the sale, the insider now owns 156,084 shares in the company, valued at $11,915,452.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Khozema Shipchandler sold 3,503 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $80.93, for a total value of $283,497.79. Following the completion of the sale, the chief operating officer now owns 83,070 shares of the company's stock, valued at approximately $6,722,855.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,128 shares of company stock worth $944,301. Insiders own 4.96% of the company's stock.
Institutional Trading of Twilio
Hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd increased its position in Twilio by 419.5% during the first quarter. Covestor Ltd now owns 213 shares of the technology company's stock worth $35,000 after buying an additional 172 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Twilio by 18.7% during the first quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company's stock worth $114,000 after buying an additional 109 shares during the last quarter. Acadian Asset Management LLC increased its position in Twilio by 39.9% during the first quarter. Acadian Asset Management LLC now owns 1,178 shares of the technology company's stock worth $192,000 after buying an additional 336 shares during the last quarter. Penserra Capital Management LLC increased its position in Twilio by 19.6% during the first quarter. Penserra Capital Management LLC now owns 1,263 shares of the technology company's stock worth $208,000 after buying an additional 207 shares during the last quarter. Finally, Fund Management at Engine No. 1 LLC acquired a new position in Twilio during the first quarter worth $235,000. 79.32% of the stock is currently owned by hedge funds and other institutional investors.
About Twilio
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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.
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