Twilio (NYSE:TWLO) Given New $210.00 Price Target at Oppenheimer

Twilio (NYSE:TWLOGet Rating) had its target price lowered by Oppenheimer from $260.00 to $210.00 in a research note published on Friday morning, The Fly reports.

Several other equities analysts have also issued reports on TWLO. The Goldman Sachs Group reduced their target price on Twilio from $300.00 to $262.00 and set a buy rating for the company in a report on Thursday, April 14th. Mizuho reduced their price objective on Twilio from $300.00 to $200.00 in a report on Monday, May 9th. Cowen dropped their target price on Twilio from $300.00 to $250.00 in a research report on Thursday, May 5th. Needham & Company LLC lowered their price objective on Twilio from $350.00 to $200.00 in a research report on Thursday, May 5th. Finally, Sanford C. Bernstein began coverage on Twilio in a research note on Tuesday, July 19th. They set a market perform rating and a $91.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Twilio presently has a consensus rating of Moderate Buy and a consensus target price of $177.96.

Twilio Stock Down 13.5 %

Shares of Twilio stock opened at $84.92 on Friday. Twilio has a 52 week low of $77.14 and a 52 week high of $382.75. The business has a 50 day moving average price of $90.94 and a 200-day moving average price of $129.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 8.10 and a quick ratio of 8.10.

Twilio (NYSE:TWLOGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The technology company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.09. The firm had revenue of $943.35 million during the quarter, compared to the consensus estimate of $920.97 million. Twilio had a negative return on equity of 7.02% and a negative net margin of 31.16%. The company’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.94) earnings per share. Equities research analysts predict that Twilio will post -3.46 earnings per share for the current year.

Insider Activity

In related news, insider Eyal Manor sold 853 shares of the company’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $83.25, for a total value of $71,012.25. Following the completion of the transaction, the insider now owns 161,211 shares of the company’s stock, valued at approximately $13,420,815.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Khozema Shipchandler sold 3,600 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $105.78, for a total value of $380,808.00. Following the sale, the chief operating officer now directly owns 96,549 shares of the company’s stock, valued at approximately $10,212,953.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eyal Manor sold 853 shares of the stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $83.25, for a total transaction of $71,012.25. Following the completion of the sale, the insider now directly owns 161,211 shares in the company, valued at $13,420,815.75. The disclosure for this sale can be found here. Insiders sold a total of 14,242 shares of company stock valued at $1,374,510 in the last 90 days. Company insiders own 4.96% of the company’s stock.

Institutional Trading of Twilio

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWLO. Yousif Capital Management LLC bought a new position in Twilio in the 4th quarter worth about $639,000. Nomura Asset Management Co. Ltd. grew its stake in Twilio by 4.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 32,448 shares of the technology company’s stock worth $8,545,000 after acquiring an additional 1,290 shares in the last quarter. FDx Advisors Inc. grew its stake in Twilio by 58.6% in the 4th quarter. FDx Advisors Inc. now owns 4,629 shares of the technology company’s stock worth $1,219,000 after acquiring an additional 1,711 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Twilio by 41.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,888 shares of the technology company’s stock worth $2,341,000 after acquiring an additional 2,585 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in shares of Twilio by 35.3% during the fourth quarter. Pinnacle Associates Ltd. now owns 1,105 shares of the technology company’s stock valued at $291,000 after purchasing an additional 288 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Twilio Company Profile

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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.

Further Reading

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