Twilio (NYSE:TWLO – Get Rating) had its price objective decreased by Piper Sandler from $122.00 to $113.00 in a research report report published on Monday morning, The Fly reports. Piper Sandler currently has an overweight rating on the technology company's stock.
Several other analysts have also commented on TWLO. Canaccord Genuity Group reduced their price target on shares of Twilio from $245.00 to $153.00 and set a buy rating on the stock in a research report on Monday, August 8th. The Goldman Sachs Group reduced their price target on shares of Twilio from $180.00 to $155.00 and set a buy rating on the stock in a research report on Monday, August 8th. Cowen reduced their price target on shares of Twilio from $150.00 to $125.00 in a research report on Friday, August 5th. Stifel Nicolaus reduced their price target on shares of Twilio from $90.00 to $80.00 and set a hold rating on the stock in a research report on Thursday, September 15th. Finally, Atlantic Securities downgraded shares of Twilio from an overweight rating to a neutral rating and dropped their target price for the company from $240.00 to $100.00 in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Twilio presently has an average rating of Moderate Buy and a consensus price target of $151.62.
Get Twilio alerts:Twilio Trading Down 3.7 %
TWLO opened at $70.59 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.42 and a quick ratio of 6.42. The company's 50 day simple moving average is $77.62 and its two-hundred day simple moving average is $101.89. Twilio has a 1-year low of $64.29 and a 1-year high of $373.00. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of -11.98 and a beta of 1.58.
Twilio (NYSE:TWLO – Get Rating) last released its earnings results on Thursday, August 4th. The technology company reported ($1.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.96) by ($0.51). The business had revenue of $943.35 million during the quarter, compared to analysts' expectations of $920.97 million. Twilio had a negative return on equity of 7.05% and a negative net margin of 31.16%. The company's revenue for the quarter was up 41.0% compared to the same quarter last year. During the same period last year, the business earned ($0.94) earnings per share. Analysts expect that Twilio will post -4.27 EPS for the current fiscal year.Insider Activity at Twilio
In other news, insider Dana Wagner sold 1,494 shares of the company's stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $87.15, for a total value of $130,202.10. Following the completion of the sale, the insider now directly owns 78,171 shares of the company's stock, valued at $6,812,602.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Eyal Manor sold 853 shares of the company's stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $82.69, for a total value of $70,534.57. Following the completion of the sale, the insider now directly owns 160,358 shares of the company's stock, valued at $13,260,003.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 1,494 shares of the company's stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $87.15, for a total transaction of $130,202.10. Following the completion of the sale, the insider now directly owns 78,171 shares of the company's stock, valued at $6,812,602.65. The disclosure for this sale can be found here. Insiders sold a total of 11,128 shares of company stock valued at $944,301 over the last ninety days. Insiders own 4.96% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Trust Co. of Vermont acquired a new position in shares of Twilio during the second quarter worth about $25,000. Activest Wealth Management increased its stake in shares of Twilio by 864.7% during the first quarter. Activest Wealth Management now owns 164 shares of the technology company's stock worth $27,000 after acquiring an additional 147 shares during the period. Evoke Wealth LLC increased its stake in shares of Twilio by 255.1% during the first quarter. Evoke Wealth LLC now owns 174 shares of the technology company's stock worth $29,000 after acquiring an additional 125 shares during the period. Cornerstone Advisory LLC acquired a new position in shares of Twilio during the fourth quarter worth about $35,000. Finally, Covestor Ltd increased its stake in shares of Twilio by 419.5% during the first quarter. Covestor Ltd now owns 213 shares of the technology company's stock worth $35,000 after acquiring an additional 172 shares during the period. 79.32% of the stock is currently owned by institutional investors and hedge funds.
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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